topic Re: WAMU in Credit Cards

WAMU

Anonymous — Tue, 25 Sep 2007 23:12:26 GMT

What is WAMU considered Prime or Sub-prime?

Re: WAMU

Anonymous — Tue, 25 Sep 2007 23:22:49 GMT

Many say their top of the subprimes. But they give out $30k credit lines and that for sure is not subprime. My experience with them so far has appeared prime. Providian whom was taken over by Wamu was all subprime.

Re: WAMU

Anonymous — Tue, 25 Sep 2007 23:23:53 GMT

Thanks pizza!

Re: WAMU

fused — Wed, 26 Sep 2007 00:30:17 GMT

I would say WAMU has been raising their standards. Maybe they're prime.

Message Edited by fused111 on 09-25-2007 02:30 PM

Re: WAMU

Anonymous — Tue, 25 Sep 2007 23:46:18 GMT

So, how would you know? The CL? Mine is 5000.00 is this their sub-prime card?

Re: WAMU

fused — Wed, 26 Sep 2007 00:30:59 GMT

credit4me wrote:

So, how would you know? The CL? Mine is 5000.00 is this their sub-prime card?

I would say your CC is not sub-prime. What is your APR?

Re: WAMU

Anonymous — Wed, 26 Sep 2007 00:56:00 GMT

WaMU purchased Providians portfolio in order to have a large enough presence in the credit card market. They sold off most of the subprime accounts earlier this year to SST and CB&T. they have slowly been upgrading thei portfolio to near-prime, some prime and are slowly working towards more prime affiliation.

It is a good time to get in if you ca, because I believe their standards are still in the process of undergoing further tightening even though, like most issuers, they still offer cards on different tiers.

I would bore you by telling you they are my absolute favorite card. Not that anything is outstanding, just that they have a way of rewarding customers who maintain good relatinships.