"CLI "
Washington Mutual Visa Platinum® Review
Written by: louise on 2008-07-11
Overall Satisfaction
Customer Service
Rewards
Account Management
Delivery Time
louise's review: 
I have had this card since Jan 08 with an initial CL of 1.3k (I pay off the balance each month). I went to access my account to set up a payment and to my utter shock they gave me an additional 1.5k. Now my total CL is 2.8k. I really did not expect to receive anything from them this quickly. I thought I had to wait at least a year.
I have had this card since Jan 08 with an initial CL of 1.3k (I pay off the balance each month). I went to access my account to set up a payment and to my utter shock they gave me an additional 1.5k. Now my total CL is 2.8k. I really did not expect to receive anything from them this quickly. I thought I had to wait at least a year.
13 Comments
Comment 2 by cireone
WaMu 
on 2008-07-11
I too have a WaMu Platinum Mastercard. Ive had it since December of 2007, used it a couple of times and was never late on payments. The initial CL was $750 and last month the gave me a $1,500 CLI. I was shocked and happy. I bank with them also so making the payments has been hassle-free. From what Im gathering, if you pay on time, and have not had your scores drop significantly, they will grant you an increase in 6 mos.
on 2008-07-11 I too have a WaMu Platinum Mastercard. Ive had it since December of 2007, used it a couple of times and was never late on payments. The initial CL was $750 and last month the gave me a $1,500 CLI. I was shocked and happy. I bank with them also so making the payments has been hassle-free. From what Im gathering, if you pay on time, and have not had your scores drop significantly, they will grant you an increase in 6 mos.
Comment 3 by rob72830
Still Stuck At $500 on 2008-07-11
I got this card Nov. 07 with $500 cl. Made all payments on-time but still stuck at $500. Love the FICO score tho.
on 2008-07-11 I got this card Nov. 07 with $500 cl. Made all payments on-time but still stuck at $500. Love the FICO score tho.
Comment 4 by hjm331
RE: Rob on 2008-07-11
I have heard most WaMu account holders receiving CLI's after a year of having the card. Just keep making your payments on-time and you will be rewarded soon.
Good Luck
on 2008-07-11 I have heard most WaMu account holders receiving CLI's after a year of having the card. Just keep making your payments on-time and you will be rewarded soon.Good Luck
Comment 5 by rivasglo
Enjoy! on 2008-07-11
Ive had my Wamu Plat Visa since Dec 2007 and I've always paid on time... Im carrying a balance bc its 0% APR for the first 12 months...
But... Ive never seen a CLI. Im at the $1500 that I started with. But after reading this review I'm hopefull that the CLI will b good ;)
on 2008-07-11 Ive had my Wamu Plat Visa since Dec 2007 and I've always paid on time... Im carrying a balance bc its 0% APR for the first 12 months...But... Ive never seen a CLI. Im at the $1500 that I started with. But after reading this review I'm hopefull that the CLI will b good ;)
Comment 6 by mrrob
Congrats on 2008-07-11
Congrats on the CLI. Hopefully one day I will get this card, but for right now, I'm satisfied with what I have
regards
mrrob
on 2008-07-11 Congrats on the CLI. Hopefully one day I will get this card, but for right now, I'm satisfied with what I haveregards
mrrob
Comment 7 by hjm331
RE: Mrrob on 2008-07-12
Have you pulled your FICO scores lately? If you have done so and your scores are in the 600's, you should have a great chance of getting approved for this card because this card is for those who have scores over 600.
on 2008-07-12 Have you pulled your FICO scores lately? If you have done so and your scores are in the 600's, you should have a great chance of getting approved for this card because this card is for those who have scores over 600.
Comment 8 by ding
Question On This Card???? on 2008-07-14
Has anyone heard of this card having a 32% APR? My mother for whatever reason... Has this card with that extremely high apr... I about died, when she told me... And has a limit of 7500. Could anyone give me a little info on this???
on 2008-07-14 Has anyone heard of this card having a 32% APR? My mother for whatever reason... Has this card with that extremely high apr... I about died, when she told me... And has a limit of 7500. Could anyone give me a little info on this???
Comment 9 by hjm331
RE: Ding on 2008-07-15
Has your mother had a 30 day or more late payment show up on her credit report? Does she have any 30 day or more late payments with this card? It seems like she has defaulted on one of her cards.
on 2008-07-15 Has your mother had a 30 day or more late payment show up on her credit report? Does she have any 30 day or more late payments with this card? It seems like she has defaulted on one of her cards.
Comment 10 by ding
Default... on 2008-07-15
I am not sure... But I will find out... So if she defaulted that would be the reason that she has such a high APR? or at least could be? Any other reasons? Thank you.
on 2008-07-15 I am not sure... But I will find out... So if she defaulted that would be the reason that she has such a high APR? or at least could be? Any other reasons? Thank you.
Comment 11 by hjm331
RE: Ding on 2008-07-15
The only reason I have seen someone have an APR that high is because they defaulted with a creditor.
Having an APR like that with a solid payment history should be illegal.
on 2008-07-15 The only reason I have seen someone have an APR that high is because they defaulted with a creditor.Having an APR like that with a solid payment history should be illegal.
Comment 12 by shark6
Ding, WAMU Rate Jacked Me ! on 2008-07-19
To those that have this card, be careful. I have had this card from May of last year with a limit over $4k. However, due to a cash advance for a friend and a few balance transfers, my utilization on t his card was very high.
I was informed yesterday that inspite of my on-time payments and payments over the minimum, my rate would increase in Sept from 12.99 to 23.99%.
I called to complain and ask for mercy but to no avail.
They will ratejack you in a heartbeat especially in this economic downturn going on now.
Has your mom nearly maxed out her card? If so and if she has never been late, this could be the reason. They are putting people in certain risk bands and if your are assessed as being more likely to default, t hey will rate jack you.
It seems counterintuitive as one would think that increasing payments from this type of customer would encourage the type of behavior that you are lookin gto stop.
on 2008-07-19 To those that have this card, be careful. I have had this card from May of last year with a limit over $4k. However, due to a cash advance for a friend and a few balance transfers, my utilization on t his card was very high.I was informed yesterday that inspite of my on-time payments and payments over the minimum, my rate would increase in Sept from 12.99 to 23.99%.
I called to complain and ask for mercy but to no avail.
They will ratejack you in a heartbeat especially in this economic downturn going on now.
Has your mom nearly maxed out her card? If so and if she has never been late, this could be the reason. They are putting people in certain risk bands and if your are assessed as being more likely to default, t hey will rate jack you.
It seems counterintuitive as one would think that increasing payments from this type of customer would encourage the type of behavior that you are lookin gto stop.
Comment 13 by hjm331
RE: Shark6 on 2008-07-19
I think the reason for the rate jack is your cash advances. Cash advances receive a higher interest rate than your purchases where 23.99 percent sounds just about right for a cash advance.
on 2008-07-19 I think the reason for the rate jack is your cash advances. Cash advances receive a higher interest rate than your purchases where 23.99 percent sounds just about right for a cash advance.
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Disclaimer: This content is not provided by Washington Mutual Bank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Washington Mutual Bank. Review content is powered by Finance Globe.
