Has Your Credit Card(s) CL Been Reduced, Closed, or Frozen? If So, Please Explain!
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- ColoNative
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Replied by ColoNative on topic Re: Has Your Credit Card(s) CL Been Reduced, Closed, or Frozen? If So, Please Ex
I look at it this way, Chase is becoming very conservative and has tightened standards. In the terms and conditions of all my credit card issuers it states that they can give me a CLD or cancel my account with them for little or no reason. I think Chase is weeding out people that don't fit their credit profile. I think that Chase is kind of the new Amex. I view Chase as the new ultra prime issuer.
I believe that Chase is trying to get rid of the WaMu credit cards as Chase views them as sub prime. Chase purchased WaMu for the banking operations (branch banking) and more or less had to absorbe the WaMu/Providian credit cards with it and now they are trying to get rid of them. Not saying it is right, but that is what I believe they are doing.
The WaMu's here in Colorado have temporary Chase banners covering the WaMu signs, very similar to what happened when Wachovia bought the World Savings. Interestingly enough, I can still apply for a WaMu checking account online. Not that I would, but strange that they are still offering it.
- Eldarwen
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Replied by Eldarwen on topic Re: Has Your Credit Card(s) CL Been Reduced, Closed, or Frozen? If So, Please Ex
- Brian23
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Replied by Brian23 on topic Re: Has Your Credit Card(s) CL Been Reduced, Closed, or Frozen? If So, Please Ex
Well all of the Wamu branch signs and logos have all been officially changed to Chase's in the ATL.
Yeah Meya, they send my that corney coupon every so often asking me to open a checking account and they'll give me $100. I'm like hjm331, I don't trust them and will have nothing to do with them.
Same thing just happened to my friend last week. Had a WAMU visa with a 2,000 CL for the last 4 years. Got a letter in the mail saying that chase was closing his account due to information on the credit bureau. Reason given;
- Length of time in which other bank cards have been open with other lenders is too short
This sounds like a bunch of BS. They are digging themselves deeper and deeper in the hole. Just as bad as AMEX has done to some people.
- charonh
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Replied by charonh on topic Re: Has Your Credit Card(s) CL Been Reduced, Closed, or Frozen? If So, Please Ex
Yeah Meya, they send my that corney coupon every so often asking me to open a checking account and they'll give me $100. I'm like hjm331, I don't trust them and will have nothing to do with them.
- ColoNative
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Replied by ColoNative on topic Re: Has Your Credit Card(s) CL Been Reduced, Closed, or Frozen? If So, Please Ex
- hjm331
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Replied by hjm331 on topic Re: Has Your Credit Card(s) CL Been Reduced, Closed, or Frozen? If So, Please Ex
- Eldarwen
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Replied by Eldarwen on topic Re: Has Your Credit Card(s) CL Been Reduced, Closed, or Frozen? If So, Please Ex
- hjm331
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Replied by hjm331 on topic Re: Has Your Credit Card(s) CL Been Reduced, Closed, or Frozen? If So, Please Ex
- charonh
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Replied by charonh on topic Re: Has Your Credit Card(s) CL Been Reduced, Closed, or Frozen? If So, Please Ex
Mine still shows that I have credit available... My statement cut a few days ago and it doesnt say anything about the account being now closed. I guess they want to embarrass u at the counter
Mine does too and its been closed for months.:
- hjm331
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Replied by hjm331 on topic Re: Has Your Credit Card(s) CL Been Reduced, Closed, or Frozen? If So, Please Ex
The ratejack doesn't really effect me because I rarely use the card and when I do, I PIF.
- hjm331
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Replied by hjm331 on topic Re: Has Your Credit Card(s) CL Been Reduced, Closed, or Frozen? If So, Please Ex
- Meya
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Replied by Meya on topic Re: Has Your Credit Card(s) CL Been Reduced, Closed, or Frozen? If So, Please Ex
- ColoNative
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Replied by ColoNative on topic Re: Has Your Credit Card(s) CL Been Reduced, Closed, or Frozen? If So, Please Ex
Mine still shows that I have credit available... My statement cut a few days ago and it doesnt say anything about the account being now closed. I guess they want to embarrass u at the counter
I still can't believe WaMu is gone. I wasn't a customer, but they sounded like a good bank to do business with.
- RivasGlo
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Replied by RivasGlo on topic Re: Has Your Credit Card(s) CL Been Reduced, Closed, or Frozen? If So, Please Ex
Signed onto the Chase account, all looked to be in order 2500$ CL, zero balance.
Mine still shows that I have credit available... My statement cut a few days ago and it doesnt say anything about the account being now closed. I guess they want to embarrass u at the counter :
- hjm331
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Replied by hjm331 on topic Re: Has Your Credit Card(s) CL Been Reduced, Closed, or Frozen? If So, Please Ex
Sorry to hear about the account closures but I'm expecting my account to be closed in a short period of time.