Frequent Contributor
Posts: 456
Registered: ‎07-09-2008
Re: Chase/Wamu merger
I think some are expecting either extreme to happen with this merger, while the answer's in the middle leaning toward conservative.

Look, we're in tough credit get CLD'd by some if you take a cash advance for heaven's sake. So why does anyone think Chase is going to be forgiving and keep you? Just because you are in with WaMu, but otherwise don't meet Chase's standards? I don't see it happening, and I have a WaMu card myself with a nice CL. I'd LOVE to see them give everyone a chance, but I just don't see it....and it's just business. Yes, I know...none of us know for sure what's going to happen, but I'd rather be prepared for the worst in this scenario.

I'm not trying to be Debbie Downer here, but I'm just saying: If you can't get in with Chase directly...good luck with getting to stay with them via this WaMu asset purchase. Maybe if you're borderline, they might give you a chance. But if you've burned Chase in the past 7 years (not directed toward any prior poster...just in general), I think you better be making contingency plans for yourself if you need that CC. It may be kept, sold, or closed. Err on the side of being "OK" regardless.

And for the record, they're not "stuck" with anyone. They can close your existing Chase account at will. Think this is different? They can rate jack you...CLD you...lots of options to make your business with them unpleasant enough to leave. CCCs do it all the time...this isn't any different just because you're getting in with a WaMu buyout. Take care of yourself, and don't be stuck without options for your WaMu card when the merger finally arrives in full force. I hope I'm wrong, but I just don't think it's going to be pleasant for all WaMu customers. Regardless, good luck to all!