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Established Contributor
Posts: 540
Registered: ‎06-07-2008
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New Credit Card - Wamu.

Today I check my mailbox and I saw a non-cap1 preapproval for the first time, Wamu, the card is not so great in a way that will be useful to me. But I guess it's a prime card (hope i am not wrong on this) so I applied for it.

This is the response


You have been approved for the Washington Mutual Visa Platinum® Card with a credit line of $4,000.00. Your card should arrive in approximately 5–10 business days.

Your account has the following rates:

* APR on Purchases variable, currently 14.99%.
* APR on Balance Transfers: 0% until August 1, 2009. After that, variable, currently 14.99%.
* APR on Cash Advances variable, currently 23.99%.


Approved for 4k, My highest CL ever, rite now I have a 1k secured card with Wells Fargo, 750 Cap1 & 400 Mervys store card.

  • APR does not matter as I always PIF.
  • I like the PFICO they give
  • I hate their balance calculation method.
  • The 0% BT is almost useless to me as i don't have any CL balance that I carry forward.


Thanks to this forum.
-void
Regular Contributor
Posts: 131
Registered: ‎09-28-2007
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Re: New Credit Card - Wamu.

Congrats on the Wamu approval. Pay on time and they will reward you with decent CLIs.
Moderator Emeritus
Posts: 6,794
Registered: ‎09-29-2007
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Re: New Credit Card - Wamu.

Congratulations on your new card!
 
----------------------------
App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. :smileysurprised: )
Senior Contributor
Posts: 4,831
Registered: ‎04-20-2007
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Re: New Credit Card - Wamu.

Congrats OP. If they gave you 4K with those other lines showing they expect you to use that as your go to card. Good luck.
Established Contributor
Posts: 540
Registered: ‎06-07-2008
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Re: New Credit Card - Wamu.

[ Edited ]
Thanks Cheddar, Timber and Smallfry.

Yeah I am surprised to get a $4k Limit.

For more information to you guys, these are my scores

TU 668, EX 691, EQ 664 (in June)

Oldest card, WF card 7 Month, avg credit history age 5 months.
Auto Loan 9.9k Outstanding (6 months old)

All paid on-time

Message Edited by voidman on 07-08-2008 06:14 PM
-void
Regular Contributor
Posts: 153
Registered: ‎07-01-2008
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Re: New Credit Card - Wamu.

I like my WaMu/Providian Visa. It's my very first credit card so I value them. And they've been generous with me! :smileyhappy:
Established Contributor
Posts: 721
Registered: ‎03-15-2008
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Re: New Credit Card - Wamu.

"The 0% BT is almost useless to me as i don't have any CL balance that I carry forward."

Could I take that BT offer? I could put it to some good use :smileyhappy:
4/16/09: TU: 775, EQ: 805
2/11/09: TU: 773, EQ: 790, EX:790
11/16/08: TU: 773, EQ: 785, EX: 780
Goals for 2009: 0 Credit Card Debt & 0% Util (achieved 2/6/09), Mortgage! (achieved 11/2/09), getting closer to 800 scores (I crossed this earlier this year, but I'm sure I'm not there anymore!)
Valued Contributor
Posts: 1,702
Registered: ‎08-18-2007
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Re: New Credit Card - Wamu.

congrats but they can be stingy with cli.
Established Contributor
Posts: 540
Registered: ‎06-07-2008
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Re: New Credit Card - Wamu.



oracles wrote:
congrats but they can be stingy with cli.




Thanks, 4k + ~2k is good enough credit for me for a long long time.
-void
Established Contributor
Posts: 739
Registered: ‎06-30-2007
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Re: New Credit Card - Wamu.

 hate their balance calculation method
 
two cycle huh? Well since you PIF it's a perk, main reason I cooled apped for mastercard last year.
 
My balance due 7/10 is $315.92 which my 6/13  Statement Balance which covered charges since 5/16 so I'm just now getting around paying for charges that are over two months old.
 
What you'll find, you get your statement around 3 days after your due date, that's how they get 60 days, Which means if I pay less than $315.92 on 7/10 the will make me pay interest on the entire $315.92 + the new balance, once Ia payment due I setup a payment for statement balance  ON the due date, awesome cash flow management,
 
 
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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