Hi all! Happy 4th of July!
I have some questions concerning an 'exclusive pre-approved'* offer from WaMu for 0% fixed APR until Aug.1 2009 on Balances transferred NOW and a Credit Line up to $7,500. The ad highlighted the NOW, and in the terms it says the introductory APR will apply to BT requested in connection with this application.
Also after the * further down the page it says *Please see the Terms & Conditions on reverse for important info about this pre-app offer, rates, and applicable BT fees. For the 12 month period ending March 2008, the median credit line received was $2,000.
I currently have a Providian Visa ( $2,500 CL with $2,150 bal.) with an obnoxious APR of 26% because of a rate hike from 12% earlier this year due to high util. and an HSBC Platinum 15.999% ( $750 CL with $550 bal.)
In my pre-Fico forum days, I unwittingly assumed paying on time & above min. was satisfactory, if not a GOOD THING! Live & learn...
That all said, I've been waiting for something like this to appear in my mail since I am too lax to apply @ my credit union nor have I recieved any CC offer other than annual fee high APR types. So now here are my questions.
1- Since WaMu IS Providian, are they trying to help me after screwing me? Or is it just a computer program spitting out data & adresses?
2- Since it is the same company, am I risking getting my nose cut off to spite my face? Is it a conflict of interest for WaMu to take on a BT from the aforementioned Providian card? I'm not comfortable with the horror stories I've read about cards being cancelled & CL lowered below what is allready owed. I don't want to get into a bigger mess. My scores have gone up since I found this site, I am loathe to take steps back.
3- When & if I apply for the BT do I state a higher amount than I want transferred? I am wondering that because if I get approved, will that just show as another high util. while lowering another? Is there a way you can know your CL before choosing what you want to move around as far as BTs go?
4- Lastly, if I did apply & was approved should I BT the ENTIRE balance owed on the Providian, or was the * of the median of $2,000 pretty much what I should expect to get, if I get it?
I'm chomping at the bit wanting to go & just gitRdone, but I value everyones insight & await some advice. I hope I wasn't overly wordy, but I lost my abbreviation list, and inks allmost as bad as gas, so I didn't print another 
)
)Thank you all!
*cheers* Joy
Cheddar, I know they are the same bank, this is why I want to know why they would offer me this.
I'm going to go & just do it. I'm impatient.
I'll post my results )
)
butters wrote:
Cheddar, I know they are the same bank, this is why I want to know why they would offer me this.I'm going to go & just do it. I'm impatient.I'll post my results
Good luck!
What I'm saying, though, is that banks will not let you BT from one of their own cards to another. Your questions are all about should you do this and should you do that. I'm saying it's a moot point because they won't let you.
