Credit Tips: Providian Visa Platinum

Posted On: November 1, 2004

Author: NightStar
Forum Moderator
Joined: 07 Nov 2003
Posts: 1753
Location: Illinois
Posted: Sun Nov 16, 2003 6:21 pm

providian.com

Providian Visa Platinum

Premium Annual percentage rate (”APR”) for purchases 1.9% for the first 3 monthly billing periods that your account is open (”Introductory Period”). After that, 9.99%

Other APRs

Balance Transfer APR: 0% during the Introductory Period; after that, 9.99%*

Cash Advance APR: 21.99%

Default APR: Up to the Prime Rate** plus 20.24% or up to 24.99%, whichever is greater and may vary (See explanation below***)

Variable rate information Your APRs may vary.

Purchase APR: 9.99% or Prime Rate plus 5.99%, whichever is greater

Balance Transfer APR: 9.99% or Prime Rate plus 5.99%, whichever is greater

Cash Advance APR: 21.99% or Prime Rate plus 17.99%, whichever is greater

Grace period for purchases At least 25 days if the New Balance is paid in full by the Payment Due Date Balance calculation method

Average daily balance (including new purchases)

Annual fee None

Minimum finance charge $0

Cash advance fee: 3% of the advance ($10 minimum)

Balance transfer fee: 3% of each balance transfer ($5 min / $50 max per transfer). Waived for balances transferred now.

Late fee: $15 if balance is less than $200 $35 if balance is $200 or greater

Overlimit fee: $0 if you exceed your credit line by less than 2% $35 if you exceed your credit line by 2% or more

We may change the APRs, fees, and other terms of your account at any time in accordance with applicable law and the Account Agreement that we will send you when your account is opened. *

The Balance Transfer APR applies to balances transferred within the first 90 days of account opening.

**The Prime Rate used to determine your APRs is the highest Prime Rate published in The Wall Street Journal on the first business day following the 22nd day of the previous calendar month. Variable Rates are current as of November 2003.

***Each time you default on this or any Providian account because you fail to make at least the minimum payment when due, exceed your credit line, or make a payment to us that is not honored by your bank, we may increase the APRs on your account up to the maximum Default APR. The Default APR is a variable rate calculated by adding a margin to the Prime Rate. The margin will be either up to 20.24% or up to 24.99% minus the Prime Rate, whichever is greater. Factors considered in determining the Default APR include the frequency and severity of account defaults, and other indications of account usage and risk on Providian or other credit accounts.

Cash Line: At least 30% of your total credit line will be available for cash advances. The total amount available for cash advances will be shown on your statement.

Additional Payment Information: Payments will be applied first to finance charges and fees, then to the Balance Category with the lowest APR until that Balance Category has been paid, then to the Balance Category with the next-lowest APR until that Balance Category has been paid, and so on, until all Balance Categories have been paid. Examples of “Balance Categories” include purchases and cash balances.

The information above is accurate as of November 15, 2003 and is subject to change.

For information after this date, please return to providiancard.com or write to Providian, Attn: Providian Visa Platinum, P.O. Box 7200, San Francisco, CA 94120-9851.

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