topic Re: Chase/WAMU CC Raising Interest Rates in Credit Cards

Chase/WAMU CC Raising Interest Rates

sprint — Sun, 25 Jan 2009 20:42:53 GMT

Did anyone else recieve notices that they are hiking up the interest rates? I got my notice last week, my score improved over 100 points in the last few months and they are still hiking my interest rate.

Re: Chase/WAMU CC Raising Interest Rates

Math_Rocks — Mon, 26 Jan 2009 01:46:40 GMT

How much?

Re: Chase/WAMU CC Raising Interest Rates

Anonymous — Mon, 26 Jan 2009 01:49:12 GMT

@sprint wrote:
Did anyone else recieve notices that they are hiking up the interest rates? I got my notice last week, my score improved over 100 points in the last few months and they are still hiking my interest rate.

There is already a thread about this title "It Begins: Chase letter regarding changes . . . " Scroll through here a bit. It should be on the main screen because it's a very active topic.

The consensus is that most people (me included) received a .25% APR increase, though some received more. How much is yours increasing?

On the bright side, you should also have the option of converting to a different Chase product, perhaps with rewards or with a lower APR. Call 'em!

Re: Chase/WAMU CC Raising Interest Rates

tatiana — Mon, 26 Jan 2009 09:25:36 GMT

This is true. A Chase rep told me that they're prepared to talk APR decreases with Wamulians as soon as the conversion is official.

I've had good luck with APR decrease requests on my existing Chase card, so I'm figuring it won't be a big deal.

Re: Chase/WAMU CC Raising Interest Rates

Anonymous — Mon, 26 Jan 2009 09:33:25 GMT

Will I be able to convert my WaMu to a CHASE Travel Card? And... Should I wait with the phone call until a later date? I am afready holding a CHASE VISA?

Re: Chase/WAMU CC Raising Interest Rates

tatiana — Mon, 26 Jan 2009 09:45:40 GMT

As for the specific product question: Maybe; nobody really knows. My best guess, given what Chase just told me, is that the Wamu conversions have as good a chance as existing Chase accounts for product changes. And those chances, of course, depend on the state of your credit and the particular requirements of the product to which you'd like to switch.

Phoning Chase: They can't do ANY product changes on Wamu accounts until the official conversion in March. Call back then. If you want to do a change on your EXISTING Chase account, call anytime.