Crazy. Good to know. Ever since Chase cards basically became First USA/Bank One, they have really become weird. I miss when my Chase card really was Chase.

I called WaMu today and found out that my account will be converted! I was prepared to close it on my own accord should it not be converted so that I would not have a "Closed by Creditor" on my credit report.

No Chase is doing away with everything that was sub prime about wamu
no providian card holders will me changed or moved over to chase.
no secure card holders will be changed over.
no free pfico
and wamu card holders that dont meet chase standards will be closed.

http://www.creditmattersblog.com/2009/01/jpmorgan-chase-to-drop-secured-card.html

http://www.creditmattersblog.com/2009/01/wamu-card-customers-conversion-to-chase.html

http://www.creditmattersblog.com/2009/01/wamu-secured-card-first-casualty-in.html

Crazy. Good to know. Ever since Chase cards basically became First USA/Bank One, they have really become weird. I miss when my Chase card really was Chase.

Colonative, you sound as though you have had some negative experiences with Compucredit. I have to agree with you there. They are to me, the absolute worst company to deal with. Everything is outsourced, and I am so glad that I am done with that company already.

Actually, no. I just gathered that through the people here on the Finance Globe. I was lucky, I never really had any sub prime cards unless you consider Cap 1 sub prime (which it was in 1998).

Colonative, you sound as though you have had some negative experiences with Compucredit. I have to agree with you there. They are to me, the absolute worst company to deal with. Everything is outsourced, and I am so glad that I am done with that company already.

No Chase is doing away with everything that was sub prime about wamu
no providian card holders will me changed or moved over to chase.
no secure card holders will be changed over.
no free pfico
and wamu card holders that dont meet chase standards will be closed.

http://www.creditmattersblog.com/2009/01/jpmorgan-chase-to-drop-secured-card.html

http://www.creditmattersblog.com/2009/01/wamu-card-customers-conversion-to-chase.html

http://www.creditmattersblog.com/2009/01/wamu-secured-card-first-casualty-in.html

WaMu is being absorbed into Chase so it will become prime. And again, because of the ecomony, a lot of sub prime lenders might go away especially if CompuCredit has their hands in it.

Prime] these are the big players
Chase Revenues 116,353.0
Citi Revenues 159,229.0
BoA Revenues 119,190.0
Amex Revenues 32,316.0
Discover Revenues 87,879.0
Capital One (i know what you are saying but your credit standing is what makes you prime or sub prime)
HSBC (same here)
Wells Fargo Revenues 53,593.0


Sub-prime] bottom feeders
Orchard/HSBC
Household/HSBC
First Premier
Centennia
Salute
Meta
Credit One/First bank of Marin
Hooter's/Merrick
Travelocity/Juniper
First Bank of Delaware

Washington Mutual is no more


more info for 2007
Rank InstitutionHeadquarters Assets
1. Bank of America Corp. Charlotte, N.C. $1,082,243,000
2. J. P. Morgan Chase & Company Columbus, Ohio 1,013,985,000
3. Citigroup New York, N.Y 706,497,000
4. Wachovia Corp. Charlotte, N.C. 472,143,000
5. Wells Fargo & Company Sioux Falls, S.D.) 403,258,000
6. U.S. BC Cincinnati, Ohio 208,867,000
7. Suntrust Banks, Inc. Atlanta, Ga. 177,231,000
8. HSBC North America Inc. Wilmington, Del. 150,679,000
9. Keybank Cleveland, Ohio 88,961,000
10. State Street Corp. Boston, Mass. 87,888,000

Subprime]
Salute
Meta
Credit One/First bank of Marin
Hooter's/Merrick
Travelocity/Juniper
Capital One/On some cards (The Best)
First Bank of Delaware

Primed]
Wells Fargo
Washington Mutual
US Bank
Bank of the West
Union Bank

Now wait a minute, this can go on forever....lol! How about this I am just going to add a link to a referral because so far as I know, we have over 400 cards here that consist of subprime and prime cards. I can't name them all, and they are already separated if you select what type of credit you have.

1. Excellent....we know these are prime cards
https://www.financeglobe.com/Finance/Excellent+Credit-Needed-Cards.php

2. Good...this can also be a mixture
https://www.financeglobe.com/Finance/Good+Credit-Needed-Cards.php

3. Poor or No credit.... this is most likely all subprime cards
https://www.financeglobe.com/Finance/Poor+Credit-Needed-Cards.php

I will wait and see what everyone else have to add. Nice thread interjack!

I was hoping that we could aggregate a list of prime and sub-prime banks.

Prime]
Chase
Citi
BoA
Amex
Discover

Sub-prime]
WaMu
Orchard/HSBC
Household/HSBC
First Premier
Centennial

Lets try to categorize more...