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Valued Contributor
oracles
Posts: 1,699
Registered: ‎08-18-2007

should i cancel

Good morning everyone, i got an offer from wamu for 0% on BT's and purchases until jan 2010. I have another wamu credit card for $5000 cl since 2006 and never late. I decided to get this card also since i though it was a good deal. They gave me a $500 dollar cl lol. Should i close it or keep it? I know i am going to be dinged for an inq but if i close it, will it not effect the age of my credits cards. I am worried about having my credit cards re-aged and getting dinged for that. For $500 dollars, it is not worth it. Also, should i call a back door number for WAMU and try to get them to raise the CL. Does WAMU even consider raising CL's?
Super Contributor
marty56
Posts: 5,679
Registered: ‎10-06-2007

Re: should i cancel

IMHO I would keep it unless there is a yearly fee or monthly fee especialy   If you have a young credit history or only one or 2 accounts on your CR.  Also down the road you make get CLI's which could come in handy if you need to make a major purchase and want to pay over time.
09/12/2013 FICO: EQ: 772 EX:813 TU:752
Valued Contributor
oracles
Posts: 1,699
Registered: ‎08-18-2007

Re: should i cancel

actually i have a long history of credit and i have about 6 credit cards ranging from 5000 to 1500. That is why i am thinking about either reconn or canceling.
Frequent Contributor
Cleanmachine
Posts: 384
Registered: ‎04-30-2008

Re: should i cancel

In the past I have had good results requesting a credit line increase at the time of activation. If you have already activated your card you can always call customer service and request an increase.

I personally would not close the card since it has a 0% on purchases and balance transfers until 2010. I certainly would take advantage of the free ride.

Moderator Emeritus
cheddar
Posts: 6,794
Registered: ‎09-29-2007

Re: should i cancel

WaMu will not CLI at activation, and they do not take cardholder-initiated CLI requests at all.
 
I would still keep the card, though.  You never know what they'll give you in the future.
 
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App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. :smileysurprised: )
Established Contributor
so_confused
Posts: 630
Registered: ‎06-20-2007

Re: should i cancel

They did the same thing to me... I kicked them to the curb gave my business to Chase and kept my original card with them.
9/18/08 TU=707 EQ=706 EX=702
Valued Contributor
oracles
Posts: 1,699
Registered: ‎08-18-2007

Re: should i cancel

thanks everyone, so i know i can not get a CLI on the card but if i cancel the card will it keep my credit card age the same or will it still re age it because i already got the card. I have not received the card yet.
Valued Contributor
cobra19
Posts: 1,426
Registered: ‎07-24-2007

Re: should i cancel

Dump it.............Chase and/or Citi is better
New York Yankees - 2009 World Series Champions. 27... and counting.....
Valued Contributor
oracles
Posts: 1,699
Registered: ‎08-18-2007

Re: should i cancel

thanks cobra, but i guess my real question is, if i cancel it, will it not re-age my accounts or is it going to still re-age my accounts because i was giving the credit card? I have not received it in the mail yet.
Moderator Emeritus
cheddar
Posts: 6,794
Registered: ‎09-29-2007

Re: should i cancel



oracles wrote:
thanks cobra, but i guess my real question is, if i cancel it, will it not re-age my accounts or is it going to still re-age my accounts because i was giving the credit card? I have not received it in the mail yet.

Doesn't matter that you haven't received it yet.  It will still report since you applied and were accepted.

 
----------------------------
App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. :smileysurprised: )

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