Washington Mutual - Visa Card Review

Yeah, same thing here. WaMu raised my rate from 10% to 20% for no reason. I never have been late, missed a payment, or gone over the limit. Never did anything wrong really. I was furious. Considering that the law has recently been changed to prevent what they did-it has now been deemed to be "unfair and deceptive"-there might be some possibility for a class action. In any event, I will certainly never use these guys or their successors in interest, Chase, for anything else ever until the day I die. No one will treat me like that more than once! Stick to American Express who actually seems to value its customers.

Last edited on Apr 09, 2009 at 10:37PM

I agree that is how they get you in a corner and if i had the money i would pay the greedy crooks off but at 29.00% i asked them to lower it and the answer was no as always so i opted out before the rate went up again i can't pay the minimum we are on fixed incomes if i had known they were that crooked they could have stuck that card in their big a__ and yea what are we getting for the bailout we have paid to them i tried to work with them and a loan shark would have been better.

I received a letter from chase/washington mutual on Friday 12/5 that they had closed my credit card account, which I had paid off and kept a zero balance on for an emergency card. The reason, too many mortgage accounts!! My credit is great, no lates and yes I have 2 mortgages, one my home the other a rental unit.

They had played the game lowering my credit limit to just above my balance over the past several years, then they took my interest rate to 29% so I paid the card off and figured since I had had the card for several years, it would be ok in an emergency.

We need a class action suit or something against the criminals.

I have a friend that has a washington mutual card also, they raised his interest rate the same way, but kept extending higher credit limits. His payment doubled a few months ago, he called them and the only way they would reduce it was for him to close the account. Not fair, he had never been late to these jerks either.

Something needs done to all credit card companies, I have received numerous notices from several of my card companies that the interest rates are going up. Surely because of the mortgage problems... this is so unfair to consumers. Where is our bailout???

I just received similar information from Citi Cards. My rate is jumping from 6.74% to 14.99% starting 12/3/08. That's more than double and I too have perfect credit with this company and with everything else.

They did me the same way and i have wrote everyone that would get this to the news but i guess it is not important to them. I can;t pay the crooks off or i would i was not even notified about it or i would closed it but i am stuck with a23.99% rate and i can't pay the minimum i had never defaulted on the card in anyway and they know it i did not get a statement that month what a way to cheat people well they well have to prove i got it or no more payments.

I totally agree. I have a Washingon Mutual card since june 07 with an interest rate of 14.99%. My highest balance 1950.00 on a 3000.00 credit limit I finished paying it off last month Zero balance, and guess what they upped my interest to 23.81%. I was furious! I called and asked them is ths how they treat their good customers? I had never been late in fact i usually payed tripple the minimum due. They said it is based on other things as well. The thing is my credit scorer was lower a year ago when they opened up the account compared to what it is not, and I have never been late on only other credit card/house/car. I told them I guess according to their contract, they can raise the interest at any time for any reason. I also told them that I can't imagine how they treat the ones who are having hard times. This is why people are in the shape they are in. I told them it would not effect me anymore because if I have to use a card, it sure won't be theirs. All the lad y would say is she was sorry, but it didnt specifically state why. I told her I believe since I used the card up to almost 2,000. and then paid it off, they think I will use it again, only with more interest. Boy are they ever wrong, I will not use their rip off card. I don't want to cancel it though because it might hurt my credit. How can these people get away with things like this. I am very mad

I totally agree. I have a Washingon Mutual card since june 07 with an interest rate of 14.99%. My highest balance 1950.00 on a 3000.00 credit limit I finished paying it off last month Zero balance, and guess what they upped my interest to 23.81%. I was furious! I called and asked them is ths how they treat their good customers? I had never been late in fact i usually payed tripple the minimum due. They said it is based on other things as well. The thing is my credit scorer was lower a year ago when they opened up the account compared to what it is not, and I have never been late on only other credit card/house/car. I told them I guess according to their contract, they can raise the interest at any time for any reason. I also told them that I can't imagine how they treat the ones who are having hard times. This is why people are in the shape they are in. I told them it would not effect me anymore because if I have to use a card, it sure won't be theirs. All the lad y would say is she was sorry, but it didnt specifically state why. I told her I believe since I used the card up to almost 2,000. and then paid it off, they think I will use it again, only with more interest. Boy are they ever wrong, I will not use their rip off card. I don't want to cancel it though because it might hurt my credit. How can these people get away with things like this. I am very mad

I totally agree. I have a Washingon Mutual card since june 07 with an interest rate of 14.99%. My highest balance 1950.00 on a 3000.00 credit limit I finished paying it off last month Zero balance, and guess what they upped my interest to 23.81%. I was furious! I called and asked them is ths how they treat their good customers? I had never been late in fact i usually payed tripple the minimum due. They said it is based on other things as well. The thing is my credit scorer was lower a year ago when they opened up the account compared to what it is not, and I have never been late on only other credit card/house/car. I told them I guess according to their contract, they can raise the interest at any time for any reason. I also told them that I can't imagine how they treat the ones who are having hard times. This is why people are in the shape they are in. I told them it would not effect me anymore because if I have to use a card, it sure won't be theirs. All the lad y would say is she was sorry, but it didnt specifically state why. I told her I believe since I used the card up to almost 2,000. and then paid it off, they think I will use it again, only with more interest. Boy are they ever wrong, I will not use their rip off card. I don't want to cancel it though because it might hurt my credit. How can these people get away with things like this. I am very mad