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Washington Mutual....Credit Card offer

Date: Thu, 09/28/2006 - 09:31

Submitted by kchahn
on Thu, 09/28/2006 - 09:31

Posts: 167 Credits: [Donate]

Total Replies: 4


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,


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


lrhall41

Submitted by Bossy4455 on Thu, 09/28/2006 - 09:35

( Posts: 5854 | Credits: )