APR too high with WAMU?

Question

Anyone else have a problem with WAMU charging extremely high APR rates? 25.24%. I have a very good FICO rating, have called, written & they have refused. Any advice?

Answer 1

Hi.

If you have a very good FICO rating (above 720 is good, above 780 is very good) and Wamu won't budge, get rid of Wamu. Comparison shop and get a better card.

People with very good FICO scores have multiple choices, even in this economy. Credit card issuers are reacting to the bad economy and their companies' own problems in a variety of ways, and sometimes that even includes getting rid of low-risk customers.

So think about what kind of card fits your lifestyle -- a rewards card with bigtime rewards for gasoline purchase, maybe? Or perhaps you carry a balance a lot, so a low interest card is best.

So comparison shop, and get a new card. Pay off Wamu.

Credit score considerations: Closing an account can have a slight and temporary negative effect on your credit score. You'll have to decide whether you want to keep the Wamu account open: If it's your oldest account, keep it open, and occasionally use it and immediately pay it off. Also, keep it open if you plan to take out a new loan, such as a mortgage, soon.

If it is a relatively new card, and has a low credit balance, close it.

Good luck!

Answer 2

shop around for a cheaper loan to replace the one you have!!!

Answer 3

nope sorry.

happy APr! :)

Answer 4

Try going with a credit union or one of the better banks is US Bank. They have lower percentage rates.