I received an email the other day from Wamu/Chase informing me that my FICO credit score had changed 20 points.  I logged in to their website to see what had happened. It is down 25 points! The only things that I can think of are that I applied for that auto loan a couple months ago. It’s either that or because Wamu closed my card the other day. I have no idea. Those are the only two things I can think of.

I’m not that upset about it because it’s still 809, but the point is it was 834 and I worked my butt off to get it there! I’m just bummed.  Just for the records, here’s the history of my credit score (keep in mind I’m 25):

12/07- 781

1/08- 781

2/08-810

3/08-801

4/08-801

5/08-801

6/08-803

7/08-814

8/08-834

9/08-820

10/08-834

11/08-809

Am I being too crazy about my credit score?  

Posted under Credit Cards

I received an email telling me about credit card ratings the other day. After my fiasco with Wamu, I’m going to check the different credit cards out. I figure it can’t hurt to look and see what’s out there. I’m not 100% sure I want to get another credit card, because that will affect my credit score, but I like the idea of having a back up credit card in case I ever need it. I guess I should also relax because I have an emergency fund in case I need it too.

 What is your favorite credit card?

Posted under Credit Cards

As I’ve previously mentioned, I love my Wamu card. I guess I should say loved. They canceled my card! I received a letter in the mail the other day telling me that since I hadn’t used the card in over a year that they were canceling it. I was fuming! Not only did I enjoy the benefits of the card, but now it’s going to hit my credit report as a closed account and make it go down!  I am not a happy camper.

I have had this card open for five or six years.  I’ve always paid on time, I had a $15,000 limit, and I loved having a card that was as flexible as Wamu.  I couldn’t believe that they would close a customer’s card without asking them first if they intended on using it.  If they had sent me a letter that said that they noticed I hadn’t used it in awhile and asked me if I would like to keep it open, I would feel a lot better about this.  I am just so mad that they took it upon themselves to close my credit card!

Although I think it’s a bad idea to use a credit card as an emergency fund, it was still nice to know that I had that money available in case I absolutely needed it. Now I am down to one credit card (well, two if you count our Home Depot card). It just ticks me off.  I was looking forward to keeping my Wamu credit card because of the free credit score tracking.  I also figured that if they switched me over to a Chase card, that was okay too since they have good credit cards.  I guess the lesson learned here is to use your credit cards at least once every six months to keep them active.

Posted under Credit Cards