Credit Tips: Providian Platinum Credit Card Review

Posted On: January 1, 2006

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Posted: Fri Sep 10, 2004 2:10 pm
Post subject: Providian Platinum Credit Card Review

John Freeman
Date: 3/29/2001 9:57 am CDT

I received a Platinum Visa Credit Card offer from Providian Financial
Corporation that offers a 0% introductory on everything until August
2001. Below is an actual quote from the letter I received,

“You’ll pay 0%* on EVERYTHING - purchases, balance transfers, and cash
advances - until August 2001. After that, your standard APR on
purchases and balance transfers will be an incredible 9.99%!”

The terms and conditions are as follows:

Annual percentage rate (APR) for purchases:
0% through your statement date in August 2001 (”Introductory
Period”); after that: 9.99%
This rate will increase to 19.99% (but not during the Introductory
Period) if your minimum payment is received
late 2 or more times in any 6-month period.

Grace Period:
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:
$0

Minimum Finance charge:
$0

Cash Advance Fee:
3% of the advance ($5 minimum)
Balance Transfer Fee:
$0 for balances transferred during the Introductory Period; after
that 3% for each new balance transfer ($5
minimum, $29 maximum)

Late Fee: $29
Overlimit fee: $29

There is an optional PROVIDIAN POINTS PLUS rewards program where you
will receive Double points on purchases for the first 6 months. A fee
of $48 per year is applied if you join in this program. The first
year’s program fee is waived if act now.

I am considering applying for this card unless you think that there is
something hidden in the fine print which I do not understand. Can you
please reply if this would be a good card to have or not. Thanks.

archive
Posted: Fri Sep 10, 2004 2:10 pm
Post subject: Providian Platinum Credit Card Review

Linda in VA
Date: 3/29/2001 1:58 pm CDT

Providian has a very good prime card, if you can get it. I have their gold card, would give my right arm (well, not really) for their platinum.

They are generous with credit, and I have had no problems with them at all. They were my very first credit card. Customer service has been excellent. I am in the process of getting them to lower my rate. They are resisting, but word is, they will, if I persist.

Of course, you will hear different stories from different individuals, but I would deal with them any day.

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Posted: Fri Sep 10, 2004 2:11 pm
Post subject: Providian Platinum Credit Card Review

Mom
Date: 3/29/2001 5:21 pm CDT

I have the platinum card from Aria, nice limit fixed APR 9.9, they have been great with me. I use their online payment system and I have never had any problems with them.