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Valued Contributor
Posts: 1,986
Registered: ‎08-17-2007
0

Chase goes up on APR

This is a Washington Mutual, Providian card.  I don't care as when I use it I PIF.
Regular Contributor
Posts: 106
Registered: ‎08-26-2008
0

Re: Chase goes up on APR

Ya, I got my rate-jack notice yesterday.  21.9%  Perfect history.  Guess they gotta hurry and jack people before this new law?  Geez, thanks Chase.
08/08 FICO TU649 EQ645 EX639
12/08 FICO TU665 EQ672 EX667
03/09 EQ650
App-free since 01/29/09
Senior Contributor
Posts: 3,279
Registered: ‎08-03-2007
0

Re: Chase goes up on APR

My Chase Freedom jumped from 10.24 to 14.24 unfortunately.
Here we go again...
Senior Contributor
Posts: 3,689
Registered: ‎01-10-2008
0

Re: Chase goes up on APR

for the moment at least, my formerly wamu now chase account is still my lowest at 5.24.  i haven't received a notice of change yet.  i was kinda surprised i didn't get an instant jack upon chase taking over the acct.

 

of course this run of luck may change at any moment.  perfect history - alternating bet. smallish balance for short periods and pif, yada, yada.  i'm looking forward to some way to manage behviour to coincide with issuers expectations without the spectre of AA at every single turn... probably an unlikely prospect, at least any time soon.

 

 

FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)
Valued Contributor
Posts: 1,671
Registered: ‎05-24-2007
0

Re: Chase goes up on APR

They just recently dropped my 8.24% to 7.24%.
Contributor
Posts: 146
Registered: ‎01-06-2008
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Re: Chase goes up on APR

They raised my rates on my TWO WAMU accounts as well.  I have 3 other Chase cards and the rates where not touched.

 

I called Chase and I was told that the WAMU cards may have been subprime so they where raised.  I said WHAT?  I have a Chase visa directly from chase that is now open for 32 YEARS with a $35,000 CL so why would they think that my WAMU cards may be subprime???

 

Anyway, they told me "nothing we can do".  I just will not carry balances on the old WAMU cards.  Sheesh.

02/14/2009 EQ 797, EX 811, TU 805
Valued Contributor
Posts: 1,671
Registered: ‎05-24-2007
0

Re: Chase goes up on APR

Mark,

 

I find it bizarre that they would assume that the customer was subprime just because the company recently did alot of subprime activity.

 

I had a mortgage with Countrywide. A totally normal 20% Conventional, no impound, no PMI, no nothing mortgage, yet I was included with Countrywide's later norm.

 

I kept the previous house and used it for a rental. The mortgage was thruough WAMU. Originally Home Savings, it was a totally normal loan.

Established Contributor
Posts: 739
Registered: ‎06-30-2007
0

Re: Chase goes up on APR

They increased my index on my Amazon visa 10.99 , nominally without the pending credit cards laws . I would sure once the prime got back  around 8% I would be able talk down my rate atlrst least with chase,

 

When I first got my card had a index of 8.99 apr 17.24 while most other chase cards  had index of 5.99 apr 14.24, after a year I called up and said I thought I should be at least where most other accounts where., no problem, also got a extra $20 Amazon cert by making 4 additional purchases in next 30 days funny thing it was my primary card at the time, so it wasn't like I needed a reason to use the card

 

but now that i'll paying for those below me not a chance.

People say "Only apply for credit you NEED"

I say "apply for credit you have PRATICAL use of"

I don't have AMEX card because I don't want a card that suffers from PMS
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Community Leader
Epic Contributor
Posts: 28,098
Registered: ‎04-01-2007
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Re: Chase goes up on APR


GregB wrote:

Mark,

 

I find it bizarre that they would assume that the customer was subprime just because the company recently did alot of subprime activity.

 

I had a mortgage with Countrywide. A totally normal 20% Conventional, no impound, no PMI, no nothing mortgage, yet I was included with Countrywide's later norm.

 

I kept the previous house and used it for a rental. The mortgage was thruough WAMU. Originally Home Savings, it was a totally normal loan.


Our also perfectly normal mortgage is from CW. We originated with someone else, and it was sold right around closing. An AmEx CSR told me that it was considered a potential problem, but that if I wanted to fax documentation that we got the loan from someone else, they would enter it in our files.

As if we can control who owns our mortgages these days...
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Contributor
Posts: 146
Registered: ‎01-06-2008
0

Re: Chase goes up on APR

I just called Chase again regarding the two old WAMU cards.  This time I was told that they have no way of knowing if my accounts where even older Providian accounts which where all subprime and taken over by WAMU.

 

I told her, I have a NEW car loan from chase opened this year with a 4.79% rate, and my 3 Chase issued Visa cards have large credit lines and one was opened 32 years ago and the most recent was opened 18 years ago.

 

I never even heard of Providian Bank.

 

Again the response was "nothing we can do".   I can see that I will end up closing some of my credit cards in the near future.

02/14/2009 EQ 797, EX 811, TU 805
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