WaMu Real Rewards Visa Platinum Card
Today I received a credit card invitation from WaMu card services. The name of the card is WaMu Real Rewards Visa Platinum Card which offers 7,000 bonus points after first purchase. I have already had a WaMu Visa Platinum Card on hand which provides free credit score monthly based on my TransUnion credit report every month (The review on this card can be found here.) . So this card is not so attractive to me (not to mention the 7000 points). However, this seems to be a new credit card product from WaMu which is currently the 9th largest credit card issuer in US. I want to briefly introduce this card here.
The basic benefits of this card
This WaMu Real Rewards Visa Platinum Card actually is previous Providian Real Rewards Card. As many of you may have already received this card, this card offers 7,000 bonus points after first purchase which can be redeemed as a $50 gift card. If you request a balance transfer at the card application, you can receive a 0% fixed APR on purchases until January1, 2010! That’s equal to 18 months 0% APR on purchases. There is no minimum amount required to do the balance transfer, so if you can transfer $100 and then pay off it in 1 or 2 months, you lose nothing but a small amount of interests. However, the 0% APR on purchases is really sweet. Besides the 0% APR, you can also get 1 point for every 1 dollar spent on this card. After you accumulate a certain amount of points, you can redeem them for a gift card from BestBuy, Target, Macy’s, Hertz, Circuit City and so on.
What else?
This is a Visa Platinum Card, so you can enjoy the built-in benefits from Visa Network like $0 liability for unauthorized charges, free auto rental collision damage waiver and many others. Plus, this card also provide free online access to your FICO credit score like other credit cards from WaMu. With WaMu credit card, you can receive automatic credit line reviews every 6 months. If you don’t make any mistakes with your WaMu credit card, your credit limit will increase automatically. These benefits seem so tempting.
However, I also receive some complaints from my readers about WaMu. He told me that his WaMu Platinum Card was closed due to the following three reasons:
- Inactivity for the last several months
- Serious delinquency
- Too many accounts recently opened
My answer is: If you use your WaMu credit card regularly and manage your credit in a normal way, you can enjoy the benefits brought to you from WaMu credit card. Anyway, if you don’t have a credit card from WaMu, you can try this one or maybe other credit card products from WaMu.











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