wamu chase credit card:
The wamu chase credit card is the concept that the WaMu credit cards are not orphaned when chase takes the complete control of the WaMu credit card division. This take over is all set to happen in March. The existing WaMu credit card holders can combine their cards together with the chase credit card to get a combined card of both the cards.
This will ensure that the WaMu credit card holders are taken care of and that no problem comes in their financial transaction. Here raises the question of card holders that only have a WaMu card and not a chase credit card.
Such card holders have the option of converting their wamu credit card into chase credit card or other chase cards. This will help to ensure that there is no confusion between the card holders.
The catch here with the wamu chase credit card is that at the time that you combine the two cards, one of them should not have any balance on it. This means that as long as one of the cards do not have any balance you are able to combine both the cards together.
Therefore if you have a chase freedom card that has balance and a WaMu card that does not have any balance then you will be able to combine these two cards together. This way you will be able to carry on with your chase cards.
The credit limits are also affected with this procedure. The credit limit of your final card will be the combined credit limit of the two cards that you put together. This means if you have a credit limit of $10,000 on one card and a limit of $15,000 on another card then the limit on your final card will be $25,000 that is the final limit of your credit card.
This way you reap the benefits of the credit limits from both the cards. What you have to take care of is that the balance on one of the cards should be zero.
The wamu chase credit card holders will now have the relief of not being treated like second class citizens. With the combination of the cards and the credit limits it is assured to the customers that they are being taken care of and they will not lose anything after the conversion. Also converting to the new combined card will bring many additional benefit to the customers.
