I know this is slightly off topic, but it is a big heads up!
To those of you with Providian credit cards, take a minute and read the little " Changes to your account" flyer in your statement.
Apparently, they feel it is necessary to send your interest charges through the roof. My 2 cards with them were about to go to 27.99% and 29.99%, and all fees would be going (way) up too. I have been a responsible customer of theirs for 4 years, have never been late, and have always made substantially more than thier minimum payments, and i have carried a balance on the cards, so it is not apparently a "penalty" rate situation.
According to the CSR at Providian this increase is for ALL accounts, though the rates may vary a bit. The only way to avoid the increase is to close the account before the next billing cycle, and pay off your balance over time at your current interest rate.
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To those of you with Providian credit cards, take a minute and read the little " Changes to your account" flyer in your statement.
Apparently, they feel it is necessary to send your interest charges through the roof. My 2 cards with them were about to go to 27.99% and 29.99%, and all fees would be going (way) up too. I have been a responsible customer of theirs for 4 years, have never been late, and have always made substantially more than thier minimum payments, and i have carried a balance on the cards, so it is not apparently a "penalty" rate situation.
According to the CSR at Providian this increase is for ALL accounts, though the rates may vary a bit. The only way to avoid the increase is to close the account before the next billing cycle, and pay off your balance over time at your current interest rate.
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