Hello forum members, I have reading posts since last June and the info here has been awesome. This is my first post. I just got my wamu credit card bill. They are raising my APR from 16% to 25.99% in September. I called customer service and asked why, they said they would send a letter.I asked to speak with a supervisor and informed her that I had never been late with them or any other card, pay more than the minimum, have a checking,savings,mortgage,and business checking with them.That they should be lowering my rate and increasing my CL. She also said wait for the letter. I told her that if they did not reverse this increase I would have to excercize other options, which could include taking all of my business elsewhere. My intention is to pay off balance(1200) and put card away and not use it for long time and if i do pay in full. The credit limit is 1500 and have had card for nearly a year. I know my scores are not bad but my utilization is high on all of my cards. that was done out of necessity to finance my business startup costs. All balances will be below 50% in august.ALL my scores are 640 and above. I can't believe they are sticking it to loyal and consistent customers because of the credit crisis. I guess they are using that universal default clause because i sure have never been late or over limit on any of my credit cards. I guess I'll be hearing from hooters, carnival,hsbc, and my visa card bank next.Has this happened to anyone else??
