topic Re: WAMU Credit Limit Increase in Credit Cards

WAMU Credit Limit Increase

Anonymous — Mon, 15 Oct 2007 03:06:29 GMT

Any WAMU card holders know when they offer the first CLI? Also, how much do they normall increase?

Re: WAMU Credit Limit Increase

Anonymous — Mon, 15 Oct 2007 03:18:25 GMT

6 month and 12 month reviews.

my last CLI at 2 years- they tripled.

Re: WAMU Credit Limit Increase

Anonymous — Mon, 15 Oct 2007 03:23:12 GMT

Timothy wrote:
6 month and 12 month reviews.

my last CLI at 2 years- they tripled.

Thanks Timothy!

Re: WAMU Credit Limit Increase

Anonymous — Mon, 15 Oct 2007 03:40:00 GMT

@Anonymous wrote:

@Anonymous wrote:
6 month and 12 month reviews.

my last CLI at 2 years- they tripled.

Thanks Timothy!

Yeah, after the first 6 months, they have given me $1-2K credit increases every three months. My CL is triple what is was two years ago, when I opened the card, it has gone from $4k to $12k with no request on my part.

Re: WAMU Credit Limit Increase

Anonymous — Mon, 15 Oct 2007 04:54:07 GMT

Yeah, after the first 6 months, they have given me $1-2K credit increases every three months. My CL is triple what is was two years ago, when I opened the card, it has gone from $4k to $12k with no request on my part.

WAMU seems to definitely deliver on their promise to give a CLI without request. $1-2K CLIs every 3 months after the first 6 months is quite decent. Definitely makes your easier to keep your util for this card at 1-10% even as your spending increases. Mind telling what your typical util on this card during this 2 year period was? This should further shed some light on WAMU's rationale for such generous CLIs. In the very least, it should prove that they're just crazy. :-) I also want to know if you've ever had to disclose OR prove your income to WAMU.

Message Edited by ficus on 10-14-2007 09:54 PM

Re: WAMU Credit Limit Increase

Anonymous — Mon, 15 Oct 2007 04:56:39 GMT

Does anyone know of any other companies that are similarly generous with automatic CLIs? I already know about Amex, though.

Re: WAMU Credit Limit Increase

Anonymous — Mon, 15 Oct 2007 12:25:54 GMT

Glad I'm not the only one who has had a great experience with WaMu so far. In the first year my CL was 4xs the original amount. Unfortunately I don't know of another card that is not a strictly prime lennder that gives such great auto CLIs. Maybe someone will come along shortly with an answer.

Message Edited by Brammy on 10-15-2007 08:25 AM

Re: WAMU Credit Limit Increase

Anonymous — Mon, 15 Oct 2007 16:14:19 GMT

What other lenders (prime or subprime) do you know of that give automatic CLIs? Is Wamu considered sub-prime? Aren't they big enough? Which ones are considered prime then? I know of BOA, Chase, Citi, but that's about it. Who else out there is big?

Re: WAMU Credit Limit Increase

Anonymous — Mon, 15 Oct 2007 19:15:23 GMT

ficus wrote:

What other lenders (prime or subprime) do you know of that give automatic CLIs? Is Wamu considered sub-prime? Aren't they big enough? Which ones are considered prime then? I know of BOA, Chase, Citi, but that's about it. Who else out there is big?

WaMu is not subprime but its not Uber-prime like Amex

Re: WAMU Credit Limit Increase

Anonymous — Tue, 16 Oct 2007 16:23:49 GMT

How is it so easy for everyone else.
WAMU must hate me or something.
I just checked and I've had the card for 4 years.
Not once have I been given an increase.
Probably going to close the card.

Re: WAMU Credit Limit Increase

Anonymous — Tue, 16 Oct 2007 17:15:08 GMT

In the past 4 years of using the card, what has your typical util been? And what's the current credit limit on it?

Re: WAMU Credit Limit Increase

Anonymous — Tue, 16 Oct 2007 17:24:35 GMT

Ficus said:

"WAMU seems to definitely deliver on their promise to give a CLI without request. $1-2K CLIs every 3 months after the first 6 months is quite decent. Definitely makes your easier to keep your util for this card at 1-10% even as your spending increases. Mind telling what your typical util on this card during this 2 year period was? This should further shed some light on WAMU's rationale for such generous CLIs. In the very least, it should prove that they're just crazy. :-) I also want to know if you've ever had to disclose OR prove your income to WAMU.

Message Edited by ficus on 10-14-2007 09:54 PM "

Ficus - I've never disclosed income or requested a CLI out right. During the initial year my utilization was between 20-30%, over the past year its never gone above 10%. They seem to be my only credit card that actually does regular CLIs - go figure...

Re: WAMU Credit Limit Increase

Anonymous — Tue, 16 Oct 2007 18:01:10 GMT

@Anonymous wrote:
In the past 4 years of using the card, what has your typical util been? And what's the current credit limit on it?

I've been at 2000 since I got the card and there were times I even had a $1000 credit on the account. I barely use the card and when I make big purchases I pay it off in 1-2 months. But I haven't used it for anything big in a long time.

Re: WAMU Credit Limit Increase

Anonymous — Tue, 16 Oct 2007 18:05:05 GMT

EddieX - that stinks!

Also, I must add that my card began as a Providian PADI Card (before WaMu bought them out) - so that might have something to do with it?

Re: WAMU Credit Limit Increase

Anonymous — Tue, 16 Oct 2007 22:43:54 GMT

Irony...mine was one also.

Re: WAMU Credit Limit Increase

Anonymous — Wed, 17 Oct 2007 03:14:52 GMT

I had the same bad experience with WaMu. Had the card for nearly 3 years with no CLI. No late payments, always pay more than minimum, and credit score increasing monthly - currently 665. Raised my APR from 18% to 27% with no explanation. Even paid it off twice.

Message Edited by iramback on 10-16-2007 08:14 PM