Received APR Reduction on WAMU Card

[jalexander06]

Hello everyone,

I started reading these boards in January and I have already made some progress.  I called WaMu today and requested a reduction in my APR of 31.99%. At first, the customer service rep told me I didn't qualify for a  reduction. I asked her if she was sure because my FICO score should be able to qualify me for one.

I ended up asking for a supervisor and was put on hold. She came back and said there would be a long wait time for a supervisor, but that she could offer me 22.99%! Well, I asked her if that was as low as she could go and she then offered 19.99%!!!  I know that's still high but much better than what it was.  I will ask again when my score improves even more.

Question:  Will this result in an inquiry hit?

I am so thankful for this board.  Before January there is no way I would have had the nerve to do what I did today.

[Anonymous]

Congrats.  This will not result in an inq. unless they pulled your credit.  Usually for APR inquiries, they just review your account history they have with you.

[Anonymous]

Congrats j! The system....she does work!

It's good to finally hear some good news out of WaMu. You're the first in a long time.

Keep up the good work, and welcome to the forum! It's about time you started posting!

[Anonymous]

That's what, a 12 percent decrease? That's fantastic. Congrats!

[Anonymous]

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FretlessMayhem wrote:
That's what, a 12 percent decrease? That's fantastic. Congrats!

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A 12% decrease and a 37.5% decrease both at the same time.

[Anonymous]

That is GREAT!  Congrats!!

[jalexander06]

Thanks guys,

I am so happy, I just cannot believe I am on my way to better credit.  I never thought it would be possible for me.  I owe it all to everyone here - I've learned so much.

I'll let everyone know what happens with my credit card app to Pen Fed! 

[Anonymous]

Congrats!! I'm jealous - WAMU hates me. bleh.

Can I ask - is this a previous Providian card?

[jalexander06]

Yep, sure is.  While it was still with Providian, my rate was increased and cl decreased.  This was back when the card was maxed out.  They reduced my credit limit to just above my balance.  I've now got the uti down to 19%.

[Anonymous]

What???? Apparently you're a miracle worker - they won't budge on my previous Providian account, despite my 10 year flawless history with them and 0 balance. Jerks.

Sylvia are you seeing this???

Well, you deserve major kudos for this feat. Congrats again!