topic Re: Orchard who? I love WaMu! in Credit Cards

Orchard who? I love WaMu!

heirophant — Tue, 22 Jan 2008 01:01:59 GMT

So, I had a Orchard Card at one time, then I applied for a pre-approved Gold Card with the intention of combining the cards. Both cards were $600. So, they let me combine the cards and I had $1200. Then on my latest statement, it showed available credit of $600, not $1200. I called and they said that they reduced my CL b/c of excessive inquiries. I was so mad, I had to get my available credit back. So, I had read many favorable things about WaMu on this forum. I applied for their platinum mastercard. I was shocked. They gave me $1500 w/ 14.64%. HSBC, you have just been sockdrawered. Thank you WaMu for believing in me!

So, my new mix:

WaMu Platinum MasterCard: $1500

Chase Platinum Visa: $300

Cap1 No Hassle Cash: $300

Cap1 MasterCard: $500

Hooters: $3000

HSBC Gold MasterCard: $600

CareCredit/GEMB: $$1000

I will combine Cap1's once they both reach $500. Hopefully, they don't treat me like HSBC did.

Message Edited by heirophant on 01-21-2008 05:01 PM

Re: Orchard who? I love WaMu!

Anonymous — Tue, 22 Jan 2008 01:20:52 GMT

congrats with WAMU I love them too!!!! As for any HSBC cards I know ya pain!!!

Re: Orchard who? I love WaMu!

CreditDrama85 — Tue, 22 Jan 2008 01:45:35 GMT

chase has definately gone subprime. the charge outrageous interest and in cases like this give 300 cls. what a joke.

Re: Orchard who? I love WaMu!

Cory — Tue, 22 Jan 2008 01:55:51 GMT

Hey you guys,

HSBC just gave me an increase from $500.00 to $700.00 sweet. I just logged in to my account to see the balance and was shocked when I saw credit limit.

Cory

Re: Orchard who? I love WaMu!

Cory — Tue, 22 Jan 2008 01:57:02 GMT

Oh yeah, by the way. On your personal homepage where it shows your purchases, have anyone really tried getting a credit recommended by MyFico?

Cory

Re: Orchard who? I love WaMu!

heirophant — Tue, 22 Jan 2008 02:03:25 GMT

Chase definetely dissappointed me. I will stick it out for a while and see what they do, though. Worth a shot. I was really just trying to eliminate the AF by combining my cards. Orchard had a $59, HSBC had none. Interest rates were comparable. Just amazed to get about the same interest rate and a $1500 CL from WaMu. This is great. I came out ahead just by being angry enough to say, "what the heck, I'll apply." Also, when I asked about re-opening the Orchard account, they said no.

Re: Orchard who? I love WaMu!

CreditDrama85 — Tue, 22 Jan 2008 02:07:41 GMT

chase really disappointed me. i will NEVER carry a chase card again.

i was a customer who paid my bill on time for 4 yrs without missing a payment. when i did miss a payment, they closed my account...have charged me as many fees as you can think of. my minimum payment is $205 a month and they refuse to lower my interest rate which is currently 29.9%.

so now i get to pay all these fees on a closed account until it is paid off and will see NO rewards.

CCs that i found to be decent are: Citi, Discover, Capital One, and Wells Fargo

Message Edited by CreditDrama85 on 01-21-2008 06:07 PM

Re: Orchard who? I love WaMu!

MsKmm00 — Tue, 22 Jan 2008 02:43:56 GMT

You were able to secure a WaMu card with a CLI of $1500; Hooters for $3000 and your scores were under 600? I wrote a post earlier this week and asked about WaMu and was told I should wait until scores were way over 600.

Message Edited by MsKmm00 on 01-21-2008 09:43 PM

Message Edited by MsKmm00 on 01-21-2008 09:43 PM

Re: Orchard who? I love WaMu!

heirophant — Tue, 22 Jan 2008 03:50:36 GMT

Seems that Hooters and WaMu are easier creditors to get approved with. I also think a large part of the equation is income. This is especially true for Hooters. They give great credit limits to those with high enough income. However, they are not so nice when it comes to APR. Min is 28%. Never carries a balance and I think that is how they want to keep it with an interest rate like that. Good incentive to pay. The other creditors, I don't think put as much weight on income as these two. Just go to whogavemecredit.com and search. You will see people getting approvals on these two with low and high income. Some of the low ones have awesome scores, but hardly any income, therefore, they get a good rate, but a low CL. Hope this helps.

Re: Orchard who? I love WaMu!

Anonymous — Tue, 22 Jan 2008 03:53:31 GMT

With all do respect it appears that Hooter's failed to take my income into consideration at all !!!

I'm not complaining but it definately was not the case with me.....

Re: Orchard who? I love WaMu!

heirophant — Tue, 22 Jan 2008 04:05:03 GMT

I don't know what to tell you busywoman. Did they at least give you a good APR? I was just basing what I said on observations I made by looking at the website.

Re: Orchard who? I love WaMu!

Anonymous — Tue, 22 Jan 2008 04:40:09 GMT

Congrats heir! WTG! WaMu is one of the few, imo, that looks closely at your REPORT, not just at your scores.

I app'd them in early October and received a $6,500 cl from them. Prior to the approval, my closest cl was from Cap1 at $3,200.

I was shocked, and pleased. And have become a "good citizen" with my credit.

You do the same. You will reap the rewards for doing so.

Re: Orchard who? I love WaMu!

heirophant — Tue, 22 Jan 2008 05:01:24 GMT

Thanks. I am through messing up with my credit as of 2 years ago. Nothing but paying on time for me! They must have one great computer program to look at your entire report and analyze it in like 15 seconds if they don't just look at the score. I guess its really not that much data. LOL

Re: Orchard who? I love WaMu!

Anonymous — Tue, 22 Jan 2008 05:58:49 GMT

Are they really verifying income since that is not in CR? Daughter just applied and got instant approval for $1000 CL with Wamu. Hooters approved, but subject to verification and will notify within two weeks. Didn't apply for Orchard due to information on this forum.

Re: Orchard who? I love WaMu!

heirophant — Tue, 22 Jan 2008 06:42:46 GMT

That Hooters is an approval. I got the same message, but they never verified anything. I'm not saying they approve solely based on income, it is just a factor I have noticed as a trend to your starting CL.

Re: Orchard who? I love WaMu!

Anonymous — Tue, 22 Jan 2008 11:46:09 GMT

congrats OP. I know I probably don't have to say it here as I have said it in every post but I LOVE Wamu...lol!!

Re: Orchard who? I love WaMu!

Anonymous — Tue, 22 Jan 2008 13:43:09 GMT

Hooters based on income? Not too sure on that. I was given a generous limit when none of my other cards were over $2000. They gave me $5000 at like 18% or something. I had a clean TU, 2 inquiries, 680 score. If it was based more on income I'd probably have double that limit or more.

Decent card though and never had an issue with them.

But back to the subject at hand. My name is Eddie and I'm a WAMU Hater
4 years and no increases until begging and pleading with someone. Still have a very high variable APR which some months goes to 29.99% so I rarely use the card for anything these days except to pay for my server to keep it active.

Speaking of active, I might need to buy something at Kay and JBRobinson...