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.
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,
People say "Only apply for credit you NEED"
I say "apply for credit you have PRATICAL use of"
I don't have AMEX card because I don't want a card that suffers from PMS