WaMu Pre Approved Offer

[Anonymous]

Good Afternoon

I received a pre approved offer today from WaMu and I am trying to decide if I should accept.  Are they prime?  Who do they pull from?  Do they pull on pre apporved offers?  I applied for them in July, but was denied.  Since them my situation has improved.  Please ring in with your experiences.

WBLAKE 

[SmartCookie]

Sub prime but not horribly.  They pull from EX typically if not always these days.  Yes the pre-approved letter you got was from a soft promo INQ... when you apply you will get a hard INQ.  Approval is instant and they tell you your CL right on the screen usually.

The majority of people I've heard of get this offer got approved.  Some did not.  They do give a nice starting limit compared to other cards in the same range.

If you had any major credit downswings or large amounts of apps in the past 4-6 weeks I would hold off.

[Anonymous]

I think people onfused WaMu with the company they purchased,Providian.   Don't think they are sub-prime but near prime.  They are not Amex Discover Citi or BofA all prime issuers but they are NOT subprime.  I don't know which offer you received but your decision should be based on the T&Cs of your offer.  Some peopel love them some hate them.  I got lucky with my T&Cs, others not so lucky.  Look for key words like UD, two-cycle billing..etc.

I have had two CLIs each at 6 mos marks.  first one was 1k second was 2.5

Message Edited by Brammy on 12-06-2007 08:42 PM

[Anonymous]

WAMU is still the best looking card on my Credit report-

Highly recommended- if your credit profiles has not changed- you will be approved.

Amount of time, payment history, CL.
It gets it's $400 a month and PIF.

Message Edited by Timothy on 12-06-2007 06:12 PM

[Anonymous]

WaMu is mine too Timothy.

I had a Providian card before WaMu bought them. had $3,200 cl on it. After the buyout, WaMu decreased cl to $1,320. Almost closed the acct. because of that. Glad I didn't.

To original poster: I too got a pre-approval letter in early October. I applied over the phone, was told to expect their reply in 30 days. Uggghhh.

3 weeks later I received a new WaMu Platinum Visa with $6,500 cl. By far my highest cl card.

If you apply, keep low balances on it, and pay WELL before the due date. They will treat you well.

Good luck and do please keep us informed as to how it went.

[nathan]

Yes they will still do a hard if you apply. Many people from this forum have indicated that wamu usually fulls from tu. As Tuscani always says, preapproval does not neccessarily mean a guarantee.

[Anonymous]

I received a pre-approval from Wamu about a month ago for 0% interest for 12 months with a balance transfer. I applied on-line and in 60 seconds it came up approved with a $2000.00 credit limit. They pulled Transunion for me and I live in NY. Maybe you should try looking at your soft inquiries on your reports to see who they may pull for you. Good Luck!

[Anonymous]

Glad to see other people actually like WaMu. I can't complain,even though Wamu isn't the highest limit in my wallet, it has been the most generous.  Just do what you are supposed t do and they will be very good to you.

[Anonymous]

I got that pre-approval offer and got denied.  Apparently they liked my number but not the details behind it.   

[Anonymous]

WAMU pulled TU for me.