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 Posted: Thu Sep 28, 2006 9:31 am Subject: Washington Mutual....Credit Card offer |
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Not exactly debt related, but I kind of though others would like to know the outrageous fees charged by WM on a Visa CC. Please remove if necessary!
Just curious, if anyone has recieved a credit card offer from Washington Mutual??
I actually recieved two, one at home, and one at the P/O recently. Reading their "terms", I started laughing, as the apr's they list are everything from insane to obscene!
Intro APR: 0%
Standard APR: May vary, depending on Prime Rate changes.
APR for Purchases: 6.74% PLUS Prime. But, NO LESS than 14.99%
APR for Balance transferes: Within 90 days - 6.74% PLUS Prime, no less than 14.99%
APR for Cash Advance: 15.74% PLUS Prime. NO LESS than 23.99%
Default APR: Each default(no minimum pyt by due date, exceed credit, pyt NOT honored by Bank) We MAY increase the APR's up to the maximum of Prime PLUS 23.74% In short, NO LESS than 31.99%
Balance transfere fees: Free first 90 days.
Future offers - Transfere balance fee of 3% of the amountof each balance transfere. ($5 minimum/$75 max per transfere.) which is a one-time FINANCE CHARGE.
And since they included a postage paid return envelope, I'm gonna send back their pre approved application, along with some other junk mail I have laying around! Gonna let them deal with it! Send me sh*t, I'm gonna send some back! Also letting them know that their terms/fees range from insane to obscene!!
And that I have absolutely NO interest in anything more from them. And to never send me any more of their garbage unless I specifically request it!
Needed that!
Thanks,
_________________
Keith
I'm so broke, I can't even afford to pay attention!
~Anon
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kchahn
Joined: 08 Jul 2005
Posts: 122
Debtcc Points: 5758
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| Posted: Thu Sep 28, 2006 9:33 am Subject: |
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Keith you're a riot!
I get those all the time. One says they'll give me $300 credit, but the first bill will reflect $65 processing fee, and $159 Annual Fee, and this fee and that fee so I'll actually start with $79 in credit on the card!
What a bunch of hooey!
_________________
~A journey of a thousand miles begins with a cash advance~
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erzeke1
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Joined: 26 Mar 2006
Posts: 1179
Debtcc Points: 16273
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| Posted: Thu Sep 28, 2006 9:35 am Subject: |
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lol at Keith-gosh,what a joke. And the bad thing is, people will take their terms. I have a stupid son(youngest) who has taken offers like that several times and is way in the hole now. I do the same thing,I send their offer back to them in their envelope,with a big old note on the offer saying,no thanks,you keep it. Funny thing is,they usuall don't send any more. Plus I called that number to get our names off all pre-approved crap...KAren
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As long as you are alive, there's always hope
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Bossy4455
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| Posted: Thu Sep 28, 2006 11:45 am Subject: |
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Keith, why don't you opt out Washington Mutual from your pre-approved credit offers for ever? You will never hear from them after the opt out feature is enabled.
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weeswie
Joined: 07 Aug 2006
Posts: 382
Debtcc Points: 5743
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weeswie
Joined: 07 Aug 2006
Posts: 382
Debtcc Points: 5743
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