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Established Contributor
PurpleHaze
Posts: 717
Registered: ‎03-05-2008
0

WaMu Approval Process - Any Feedback is Needed and Welcome

I received my bazillionith offer for the WaMu Platinum credit card 0% APR thru 2010 and 9.9% thereafter. I cracked and applied yesterday. I was also told it would take up to 3 weeks to get the status of the application. I asked do they have instant approvals and denials and I was advised no. I was also told I would have received the same waiting period if I apped online with the preapproval. The representative did advise I could callback within 3 days to check the status.

 

For those of you that have WaMu is this normal - waiting 3 weeks for a response? Please advise of your application experience. If you were told to wait, how long and were you approved or not approved? Any feedback is greatly appreciated.


Starting Score: EQ: 633 (12/31/09) TU: 651 (12/31/09)
Current Score: EQ:633 TU: 651
Goal Score: EQ: 700 TU:700


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Established Contributor
Uniqua
Posts: 683
Registered: ‎04-05-2008
0

Re: WaMu Approval Process - Any Feedback is Needed and Welcome

I had received my gazillionith WaMu preapproval offer by the time I had app'd (June '08). It was an instant approval and I was advised of my CL at the time of approval (less than 10 seconds). Perhaps things have changed now that they have been bought out by Chase. I don't know. Then again, this may be the standard for those who are not instantly approved.

Starting Score: TU 723, EQ 708
Current Score: TU 796, EQ 743
Goal Score: TU 800, EQ 800


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Starting Score: 708
Current Score: 743
Goal Score: 800


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Established Contributor
PurpleHaze
Posts: 717
Registered: ‎03-05-2008
0

Re: WaMu Approval Process - Any Feedback is Needed and Welcome


Uniqua wrote:
I had received my gazillionith WaMu preapproval offer by the time I had app'd (June '08). It was an instant approval and I was advised of my CL at the time of approval (less than 10 seconds). Perhaps things have changed now that they have been bought out by Chase. I don't know. Then again, this may be the standard for those who are not instantly approved.

Did you apply online or over the phone?


Starting Score: EQ: 633 (12/31/09) TU: 651 (12/31/09)
Current Score: EQ:633 TU: 651
Goal Score: EQ: 700 TU:700


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Senior Contributor
Wonderin
Posts: 3,494
Registered: ‎05-25-2008
0

Re: WaMu Approval Process - Any Feedback is Needed and Welcome

We apped on DH's first "pre-approval." We opened a teeny-tiny savings account first (a whopping $10) and applied online.

We got a "Thanks so much for applying, however we're unable to provide you with a decision at this time" spiel - telling us they'd contact us with their decision within 3 weeks. We pretty much shrugged (sounded like a kiss-off to us) and figured we were declined and promptly forgot all about it.

About a week and a half to two weeks later, we got a confirmation email stating that we were approved for $2500. Card came about 1 week later.

Hang in there and don't take it as an immediate denial. It sure wasn't for us!! :smileyhappy:

Best of luck to you!!

~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*

Hubby's FICOs when we started: high 400s (June 2008)
Hubby's FICO NOW (04/06/09): TU: 679 EQ: 608 EX: ???
My FICOs: TU: 643, EQ: 606
Closed on new home: 1/20/2009 -- If we can do it, YOU can do it!!

Frequent Contributor
GST2008
Posts: 443
Registered: ‎03-22-2008
0

Re: WaMu Approval Process - Any Feedback is Needed and Welcome

I applied for a visa through them, but the offer sounds similar.  I had recieved millions of offers over the course of two years and finally took them up on it.  I applied online and was approved instantly and my CL was stated.  It may just be taking longer now for them to process due to the whole buy out thing.  I recently recieved a pre-approval from the for the MC and was just curious to see if the thing would even work since it occured a week after the Bked and when I entered the reservation number into the website, they couldn't even find the offer (wasn't going to take it but wanted to see what would happen lol).  So hold time, I'm sure it will come through for you.

Current:
TU (5/14/14): 796 (Inquiries; 8/23/13)
EQ (3/23/14): 791 (Inquiries: 8/23/13)
EX (9/24/13): 780 (Inquiries: 7/2/12; 11/20/12; 7/30/13; 8/23/13)

Goals: No new inquiries for 2014, 800 for all CRs by 12/31/14
Moderator Emeritus
cheddar
Posts: 6,794
Registered: ‎09-29-2007
0

Re: WaMu Approval Process - Any Feedback is Needed and Welcome

My WaMu approval was instant, but that was several months ago.  Chase is known for taking up to a month on manual review, and I wouldn't be surprised if Chase has already begun applying their own underwriting standards to new WaMu accounts.

 

----------------------------
App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. :smileysurprised: )
Established Contributor
PurpleHaze
Posts: 717
Registered: ‎03-05-2008
0

Re: WaMu Approval Process - Any Feedback is Needed and Welcome

Thanks to all who applied. I never seem to have to the same credit approval luck as others on the board -even though my scores are the same or better, history longer, my CR only has one baddie and no lates for over 4 years. I applied for one their preapproval earlier this year and was denied based on utility. Guess I will call on Monday to check on the app.

Starting Score: EQ: 633 (12/31/09) TU: 651 (12/31/09)
Current Score: EQ:633 TU: 651
Goal Score: EQ: 700 TU:700


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Established Contributor
Uniqua
Posts: 683
Registered: ‎04-05-2008
0

Re: WaMu Approval Process - Any Feedback is Needed and Welcome


PurpleHaze wrote:

Uniqua wrote:
I had received my gazillionith WaMu preapproval offer by the time I had app'd (June '08). It was an instant approval and I was advised of my CL at the time of approval (less than 10 seconds). Perhaps things have changed now that they have been bought out by Chase. I don't know. Then again, this may be the standard for those who are not instantly approved.

Did you apply online or over the phone?


 

 

I app'd online. Funny too, I haven't gotten any more pre-approval offers since my app.  hmmmmmmm


Starting Score: TU 723, EQ 708
Current Score: TU 796, EQ 743
Goal Score: TU 800, EQ 800


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Starting Score: 708
Current Score: 743
Goal Score: 800


Take the FICO Fitness Challenge
Valued Member
WiseYoungMan21
Posts: 35
Registered: ‎02-11-2008
0

Re: WaMu Approval Process - Any Feedback is Needed and Welcome

I applied and was approved for a wamu card like two weeks ago, with 0% on transfers thru January 2010. I applied online and was approved in like 30 seconds after submitted the application.
Fico 2-11 Ex:605 EQ: 596 Tu: 622
Fico 3-11 Ex:735 EQ: 605 Tu:633 Fico 5-11 Ex:733 EQ: 628 Tu:667
11-19-08 Eq 656
Regular Contributor
UpNUp
Posts: 139
Registered: ‎08-20-2008
0

Re: WaMu Approval Process - Any Feedback is Needed and Welcome

I got an offer from them in June, 2007. Applied online. Approved instantly.

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