WaMu Platinum MasterCard® Review
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Written by: louise on 2008-04-07

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louise's review: Callout Comment WAMU has just received 5 Billion from the private equity firm TPG thus a takeover from Chase is highly unlikely. So soothsayers like Porgy who were adamant about Chase taking over WAMU and closing all sub-prime customers accounts need to clean their crystal balls. Moreover, shares of WAMU increased by 10.6% to 11.25 after plummenting 70% 6 months ago. This is an indication that WAMU can rebound from its current financial crisis and keep customers who are also rebuilding too.


Comment 1 by hjm331
That's Great News User Icon on 2008-04-07

Remarks My mom received a pre approval credit card offer from them that offered her no interest until October 2009. When I saw it, my jaw dropped and got upset because I wanted the same offer lol
Comment 2 by jeremy
Ok To Submit The Preapproval? User Icon on 2008-04-07

Remarks Well definitely some good news!

i have been ignoring the pre approved mail for quite some time now since this chase takeover rumor
Comment 3 by lyyssa01
I'm Surprised... User Icon on 2008-04-07

Remarks Wamu was my first bank, back in the day when it was a rinky dinky teeny tiny north western bank. In fact, that's what the commercials prided itself on. Now it's trying to wrestle it's way in with the big boys. Oh, how times change...

I also got the preapproval in the mail for no interest for over a year and a cl of $3000, or something like that. It was written that on the average people are approved for $2000. Funny thing is I JUST canceled my Wamu in Feb, and I just received the offer last week.
Comment 4 by hjm331
RE: Lyyssa User Icon on 2008-04-07

Remarks The WAMU card that you closed, was it your oldest credit card?!
Comment 5 by lyyssa01
Yes... User Icon on 2008-04-07

Remarks It sure was. :(

I was still in the mentality of only keeping two cards at any given time, and it's probably what hurt my score the most.
Comment 6 by crazy2k5
RE: User Icon on 2008-04-07

Remarks If that was your oldest account maybe you should have put it up and not used it. If I am not mistaken you have a certain amount of time after you close an account to reopen it. Thats what orchard told me after I closed my account with them. I just closed my account with them my scores did go down a little but not as much as I thought. But I think that's because I have accounts that were opened up around the same time.
Comment 7 by hjm331
RE: User Icon on 2008-04-07

Remarks I believe that you have 90 days to re-open a card that you closed.
Comment 8 by lyyssa01
Thanks... User Icon on 2008-04-08

Remarks But I'm really not too interested in reopening them. We had some 30 day payments a couple of years ago, and by the time we closed it our apr was at 30%. Plus we replaced them with prime cards and one from a CU, so we're pretty content.
Comment 9 by palten
Isn't WAmu A Prime? User Icon on 2008-04-08

Remarks Isn't Wamu a prime card?

all the while I thought it was
Comment 10 by mark
I Believe So! User Icon on 2008-04-08

Remarks I believe so.

because they don't charge you with account opening fee, activation fee etc etc.
Comment 11 by eric
Wamu User Icon on 2008-04-22

Remarks WAMU is a prime card... They don't have any opening fee, closing fees, monthly account fees, etc etc.
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