topic Re: Cancelled wamu/chase cc.. What is your interest rate? in Credit Cards

Cancelled wamu/chase cc.. What is your interest rate?

Anonymous — Sat, 25 Jul 2009 04:03:46 GMT

I was noticing on this site and another one that the cancelled cc all had there interest rates increased to between 25-30 % during the switch over a few months ago. My interest was increased from 15 to 18% then and my card is still open as of today and my credit is not perfect. So im wondering if the cards that were to be closed were marked originallyto be closed by the exorbinant increase in apr. What do you all think? I hate this because ive used my card just to see if it still works. Who knows what tomorrow will bring.

Re: Cancelled wamu/chase cc.. What is your interest rate?

Anonymous — Sat, 25 Jul 2009 04:17:39 GMT

31.99% - Not cancelled. (This card always has been pathetically high.)

Re: Cancelled wamu/chase cc.. What is your interest rate?

Anonymous — Sat, 25 Jul 2009 04:31:34 GMT

29.99% since the WAMU to Chase move. Account still going strong and was PC'd to Freedom Plus.

Obviously I don't ever leave a balance on this card....and that is probably what they want, based upon the APR.

I would venture a guess and say that IF I decided to leave much of any balance on this card they would probably close it. I mean if you are willing to pay 29.99% or 31.99% like above post, THIS SCREAMS that you have financial problems.

Message Edited by txjohn on 07-24-2009 09:31 PM

Re: Cancelled wamu/chase cc.. What is your interest rate?

score_building — Sat, 25 Jul 2009 04:36:55 GMT

5.24 APR but i cancelled myself w/ balance to avoid shenanigans, then months later apped chase amazon and was approved for 3.2k. from what i can tell so far i'm in a lucky spot having killed the wamu/chase and apped chase direct to good result.

some rumblings that this is just an early wave and they will resegment and start again this process all over, maybe also targeting direct from chase card holders not just wamu/chase or providian /wamu/ chase. brace ourselves, the ride may be bumpy.

Re: Cancelled wamu/chase cc.. What is your interest rate?

Anonymous — Sat, 25 Jul 2009 05:45:17 GMT

~~Rumor mongering is a capital offense in some countries.~~

Cancelled to prevent misconstrual.

Message Edited by creditwherecreditisdue on 07-25-2009 01:45 AM

Re: Cancelled wamu/chase cc.. What is your interest rate?

score_building — Sat, 25 Jul 2009 04:46:02 GMT

a good deal of good (and bad) info about the machinations of ccc is speculative, one can take or leave it.

rumor mongering? not.

Re: Cancelled wamu/chase cc.. What is your interest rate?

Anonymous — Sat, 25 Jul 2009 04:49:59 GMT

@Anonymous wrote:
Rumor mongering is a capital offense in some countries.

I think the source was this other thread:

http://ficoforums.myfico.com/fico/board/message?board.id=creditcard&thread.id=172319

Re: Cancelled wamu/chase cc.. What is your interest rate?

Anonymous — Sat, 25 Jul 2009 05:15:47 GMT

@score_building wrote:
a good deal of good (and bad) info about the machinations of ccc is speculative, one can take or leave it.
rumor mongering? not.

Not you s_b! But I think some of that info in the other thread was borderline hysterical and other parts of it were demonstrably wrong. The only info I would rely on is a leaked playbook from a high ranking person. Very unlikely. CSR's are the last people to know anything. I've done a job like that and new stuff every day is business as usual and part of the gig.

Re: Cancelled wamu/chase cc.. What is your interest rate?

score_building — Sat, 25 Jul 2009 05:20:35 GMT

Agreed. *opens mouth, inserts foot* lol.

@Anonymous wrote:
@score_building wrote:
a good deal of good (and bad) info about the machinations of ccc is speculative, one can take or leave it.
rumor mongering? not.

Not you s_b! But I think some of that info in the other thread was borderline hysterical and other parts of it were demonstrably wrong. The only info I would rely on is a leaked playbook from a high ranking person. Very unlikely. CSR's are the last people to know anything. I've done a job like that and new stuff every day is business as usual and part of the gig.

Re: Cancelled wamu/chase cc.. What is your interest rate?

Anonymous — Sat, 25 Jul 2009 05:25:48 GMT

GEE!! I dont know what the problem is. I certainly didnt mean to be spreading rumors. Just like so many other people i was just trying to see a pattern in this. There probably isnt one but i think the some of my replys were

crazy. Im not a csr just another card holder waiting on pins and needles to see if my card will be cancelled.

Re: Cancelled wamu/chase cc.. What is your interest rate?

Anonymous — Sat, 25 Jul 2009 05:29:20 GMT

To quote George Burns: "If she dies, she dies."

If you are doing all the right things, then there is nothing you can do to alter the outcome one way or the other, with one exception. Do the wrong things. So, pay on time, PIF and let the cards fall where they may. Worry won't have any impact, except on your blood pressure

Re: Cancelled wamu/chase cc.. What is your interest rate?

Anonymous — Sat, 25 Jul 2009 05:35:55 GMT

OP -

There is some info in another thread that we are referring to.

Message Edited by creditwherecreditisdue on 07-25-2009 01:35 AM

Re: Cancelled wamu/chase cc.. What is your interest rate?

Anonymous — Sat, 25 Jul 2009 08:56:33 GMT

My interest rate was 9.99% which was what it was when I got the card in Nov. 08, though I never carried a balance, and they canceled it a few days back.

Re: Cancelled wamu/chase cc.. What is your interest rate?

timmis1127 — Tue, 28 Jul 2009 13:07:41 GMT

mine was 26.24% because they claim i was a couple days late back in April 2008 so they jacked up my interest rate 15% and then they closed my card!!

Re: Cancelled wamu/chase cc.. What is your interest rate?

Anonymous — Tue, 28 Jul 2009 20:55:29 GMT

@timmis1127 wrote:
mine was 26.24% because they claim i was a couple days late back in April 2008 so they jacked up my interest rate 15% and then they closed my card!!

Mine is 29.99% and they didn't have any reason other than I was a WAMU card I guess. Never been late, perfect credit, always PIF....so I guess APR doesn't really matter. Of course my credit wasn't perfect when WAMU opened account with initial CL of $2.5 in 2006. Maybe they remember my formerly less than perfect credit.

They also don't allow me any type of BT and they limit cash to $700 of my $3.5k CL.

Re: Cancelled wamu/chase cc.. What is your interest rate?

Anonymous — Tue, 28 Jul 2009 21:07:49 GMT

@Anonymous wrote:
Mine is 29.99% and they didn't have any reason other than I was a WAMU card I guess. Never been late, perfect credit, always PIF....so I guess APR doesn't really matter. Of course my credit wasn't perfect when WAMU opened account with initial CL of $2.5 in 2006. Maybe they remember my formerly less than perfect credit.

I think these accounts are branded. I can only hope that one day after Chase is done closing all the accounts in their pogrom that the ones that are left (hopefully ours) are marked as "rehabilitated" and returned to gen pop!

Message Edited by creditwherecreditisdue on 07-28-2009 05:07 PM