I currently have two WAMU accounts. The first was originally a Providian account with a low interest rate. WAMU bought Providian about two years ago. After years of paying on time, my payment was two days late (my fault ) and my interest rate is now a whopping 33%!!! on a 2500.00 balance. Well, I have paid the balance off and called them to renegotiate a lower rate and they do not negotiate. I since received another WAMU offer for a 0% rate card with a lower rate and opened that.

However there is a catch, as of Jan 09, my interest will go to a variable rate of 24.99%. WAMU is a rip off and I have since closed the accounts.