New Credit Card - Wamu.

[Anonymous]

Today I check my mailbox and I saw a non-cap1 preapproval for the first time, Wamu, the card is not so great in a way that will be useful to me. But I guess it's a prime card (hope i am not wrong on this) so I applied for it.

This is the response


You have been approved for the Washington Mutual Visa Platinum® Card with a credit line of $4,000.00. Your card should arrive in approximately 5–10 business days.

Your account has the following rates:

* APR on Purchases variable, currently 14.99%.
* APR on Balance Transfers: 0% until August 1, 2009. After that, variable, currently 14.99%.
* APR on Cash Advances variable, currently 23.99%.


Approved for 4k, My highest CL ever, rite now I have a 1k secured card with Wells Fargo, 750 Cap1 & 400 Mervys store card.

• APR does not matter as I always PIF.
• I like the PFICO they give
• I hate their balance calculation method.
• The 0% BT is almost useless to me as i don't have any CL balance that I carry forward.

Thanks to this forum.

[timber]

Congrats on the Wamu approval. Pay on time and they will reward you with decent CLIs.

[Anonymous]

Congratulations on your new card!

[smallfry]

Congrats OP. If they gave you 4K with those other lines showing they expect you to use that as your go to card. Good luck.

[Anonymous]

Thanks Cheddar, Timber and Smallfry.

Yeah I am surprised to get a $4k Limit.

For more information to you guys, these are my scores

TU 668, EX 691, EQ 664 (in June)

Oldest card, WF card 7 Month, avg credit history age 5 months.
Auto Loan 9.9k Outstanding (6 months old)

All paid on-time

Message Edited by voidman on 07-08-2008 06:14 PM

[Anonymous]

I like my WaMu/Providian Visa. It's my very first credit card so I value them. And they've been generous with me!

[Anonymous]

"The 0% BT is almost useless to me as i don't have any CL balance that I carry forward."

Could I take that BT offer? I could put it to some good use

[oracles]

congrats but they can be stingy with cli.

[Anonymous]

---

@oracles wrote:
congrats but they can be stingy with cli.

---

Thanks, 4k + ~2k is good enough credit for me for a long long time.

[Anonymous]

 hate their balance calculation method

two cycle huh? Well since you PIF it's a perk, main reason I cooled apped for mastercard last year.

My balance due 7/10 is $315.92 which my 6/13  Statement Balance which covered charges since 5/16 so I'm just now getting around paying for charges that are over two months old.

What you'll find, you get your statement around 3 days after your due date, that's how they get 60 days, Which means if I pay less than $315.92 on 7/10 the will make me pay interest on the entire $315.92 + the new balance, once Ia payment due I setup a payment for statement balance  ON the due date, awesome cash flow management,