The interest rate on my WaMu credit card was something like 16%. The new Chase card is going to be something like 32% interest. Has anyone else noticed this? How can they do that? I am going to tell Chase I'm taking my direct deposit check to another bank if they don't honor the same interest rate I had with WaMu. It might work, but probably not.

really debating closing it, however it was my 1st card post divorce related ch7.

I hope that top execs loss their bonuses (god knows they raped the public enough over the past few years) and even lose their jobs for creating such a train wreck of the financial industry. I would love nothing more than to see Jamie Dimon holding a tin cup begging for money.

I have 5% cash back on my Wamu card. They told me that I will lose that we they merge. So I will be closing that account.

I took the latter (1% cashback) - I wonder if Chase will now screw me out of that?

Providian was my first card, so even though I don't like using it, losing it isn't a great option. But here's the thing: Chase is closing a lot of old, dormant accounts. I only use mine maybe once or twice a year. Should I just do a pre-emptive strike and close it?

You get to switch it to Chase or you HAVE TO switch it to Chase? Nice spin. I don't have too much experience with Chase, but I'm mega-pissed they're ending the free somewhat accurate credit monitoring service that WaMu provided for free. Not a good way to begin a new relationship.

I'm a WAMU Credit Card holder and I wish to express my dissatisfaction with the discontinuation of WAMU's free FICO score access.

Although I have had nothing but praise for my experience with Chase to date I have no choice but to consider closing my Chase credit card accounts as well as my WAMU Checking and Savings accounts which I have had for over five years.

I strongly hope Chase reconsiders the elimination of FICO credit card access as I believe this feature differentiated the WAMU credit card product from every other card currently available.

If WAMU was able to justify a business case for free FICO score access in order to differentiate their credit card product surely Chase can also.

Richard Reyes

For as long as I can remember, if you had a Chase card and remained in good standing, you could always convert it to another Chase credit card or combine limits.

Of course, once your WaMu card is finally converted to a Chase card, you can always convert it to another Chase credit card (e.g.: Chase Freedom, etc.)

If you don't do anything, you just have two Chase tradelines (one being the original Chase credit line and the other being the former Washington Mutual credit line), each of with its respective limit and each with its respective opening date.

You'll now have two Chase accounts (one of them being the original Chase tradeline and the other being the former Washington Mutual tradeline), each retaining the respective date on which it was originally opened.

Combining limits is not automatic. You have to request them to do so.

i can see this as sucking pretty hard for some folks if their plan is to combine your balances but not combine limits.

@junkmail: Yes, you are. As if the old Providian didn't screw us enough!

@palookapalooza: Keep us posted, I'm in the same situation.

[www.creditmattersblog.com]

If they discontinue the card, don't they have to return the deposit?

They've never ever put a hold on any of my checks. I don't think not letting me access MY money is protecting me from anything.

one other thing to note for current wamu customers. I got a notice in the mail about some of the changes being made and if you have an automatic payment plan set up for a certain amount (i assume to help pay down your debt), chase is changing that automatic payment to the MINIMUM payment each month.

Already closed my WaMu accounts. There's a reason I banked with WaMu and not Chase.

Of course, with Wamu, all my accounts are now with one gigantic bank so why would I say anything bad.

Be careful. If they closed the account, they may have denoted it on your credit file as "CLOSED BY CREDIT GRANTOR." which really doesn't look too good. Might want to check on that...

I have a ProvidianWamuChase card and just got an email about the changes to come. And while the merger doesn't bother me so much, losing the free FICO every month does. They also only provide 3 months worth of transaction history online, which is just great since I opted to stop receiving paper statements last month. I just hope my cash back rebates don't stop.

@Sucko-T: This has been standard practice for WaMu.

There are numerous factors that determine if your check has a hold placed on it.

Most of it is to protect you and the bank from fraud.

What about debit cards? Are those in the pipeline to be rebranded?

yay! I was wanting to do it myself but didn't want to "hurt my credit score"!

When has something like this ever happened without many terrible errors not in favor of the customer?

Time to find a new bank.

@idip:

Indeed.

Interesting.

not that i do (i don't have a chase or a wamu card), but if i did?

Except if you were trying to build your credit and had a secured credit card from wamu. In which case chase is still holding your money for ransom and will mail you a check after they get enough interested off you.