Does WAMU cc worth just for TU PFICO?

[Anonymous]

I opened up an account with WaMu when they first opened in my area many years ago. Dened me every time I applied for a CC. Finally they approved me. I was happy with my CL. And I love my PFICO. I think if only for the PFICO it's worth it. I use the lowest of either FICO or PFICO score when thinking about CLIs. It's a nice tool to have. If some lenders are using that score than it makes sense to be able to follow it.

I think WaMu was denying me because my PFICO was low, but my FICO was high at that time I remember. Go figure. So I find my PFICO score very important. Besides I don't know where else to get a PFICO. And can't beat FREE!

Message Edited by ilovepizza on 08-03-2008 06:14 PM

[Anonymous]

Providian was my first credit card. It has a decent 1% cashback bonus. I've had it for four years now. Started at $750 now at $12.5k. I have had NO problems with them, at all. I am loyal to them, and they are loyal to me.

[jmbfl]

Lucky you. Your experience does NOT mirror that of most. If you doubt me just search out the results of Providian's lawsuits. Gangsters in suits and the legal outcomes to prove it. They did issue some normal cards and you were lucky enough to get one. In general I would never trust WaMu/Providian as a large party of my financial life. (They're not - just a puny $3900 CL.) They are very erratic. Futher, just look at WaMu's financial standing. "S" flows downhill - if they are having problems with their RE loan portfolio it will be reflected in the policies in the CC division. The money has to come from somewhere.

I hope you are never subjected to a RJ or CLD as so many have. You won't be so cheery then.

[Anonymous]

Trust me, I am SCARED out of my mind that they might rate jack me. I am at 9.99% APR right but now but have been carrying a 3k balance for a while now. Always pay over the minimum though.

[Anonymous]

I like WAMU. I've had the card since 2006, and was recently upgraded to platinum. WAMU is my "balance transfer" Card. They give the lowest and best offers out there. I've been paying off a big CC debt over the last 2 years, and I'm down to the final 3K, which is all on WAMU. I've been paying more than the minimum, slowly, and not once have they rate jacked me, or given me any kind of grief.

[Anonymous]

I love WAMU.  I got the card in jan with 1500 cl.  Offered rewards program 3 months later.  Cli to 2500 at six months.  It was first card i got when starting to rebuild.  Pfico went from 625 when i applied to 680 six months later.  Been good to me so far.

[Anonymous]

I had a Providian which I still have.  Never any problems with them or when WAMU took over.  WAMU has been great to me as I still have a BK hanging over my head, Comes off in '09.  I never do get increase on my Providian but have gotten 3 in less than a year on WAMU.  The score doesn't mean that much as it's a month old but it a good way of tracking your score movement for an entire year.  It is a Bankrate score.

[Anonymous]

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casinoannie97 wrote:

It is a Bankrate score.

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It is a bankcard-enhanced FICO score.  It has nothing to do with the website Bankrate.

[score_building]

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DRWHOFAN wrote:

I love WAMU.  I got the card in jan with 1500 cl.  Offered rewards program 3 months later.  Cli to 2500 at six months.  It was first card i got when starting to rebuild.  Pfico went from 625 when i applied to 680 six months later.  Been good to me so far.

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this was almost my exact experience...  i loved the card/apr and the score...AND THEN, after carrying just above 50 percent for only four months (i had just pifed in April) still paying 5+ times the minimum, score had raised from like 640 to 695 they mini rate jacked me from around 7 to 16apr.  so i cancelled to keep the 7 and pay it down over a few months. 

lucky that i didn't need the 2000 limit card and had fun with the (dated) score.  it works for those that it works for but there are too many instances of tricky dealings not to at least consider more reliable issuers whose knee jerk response isn't rate jack that motley fool !
by the way, i thought i read somewhere that you get the pfico from the card for 1 year, is that true?

[Anonymous]

CHEDDAR--does anyone use this score?  It is a fico right?