Credit Tips: Providian Visa Platinum Credit Card Tips

Posted On: October 1, 2006

Author: hithesh123
Posted: Tue Nov 16, 2004 8:35 pm
Post subject: Providian Visa platinum. How good is it?

I got a preapproved offer today from providian for their visa platinum card. Is this card good?

thanks in advance.

Author: Ira
Posted: Tue Nov 16, 2004 10:34 pm
Post subject: Providian Visa Platinum Credit Card Tips

Define “Good.” Good as in low interest rate? Good as in cash back or other reward? Good as in high limit? Good as in low percentage intro offer? Good as in customer service that listens when you call? Good” means different things to different people. The question is, what would constitute “good” for you?”

BTW, “preapproved” only means that you were preapproved to receive this offer. It does NOT mean that there’s a card waiting for you If you apply they’ll pull your credit report and then decide whether you fit their standards of credit worthiness. If you they’ll send you a card. If not they won’t, but they’ll send you a rejection letter listing the reasons why you were disapproved.

Author: hithesh123
Posted: Tue Nov 16, 2004 10:40 pm
Post subject: Providian Visa Platinum Credit Card Tips

Right now, Good for me means credit limit (>1k) and low APR.
I thought pre approved meant you almost got it.
Thanks for the clarification, I won’t spend my time waiting for the mail.

Author: guessindigo
Posted: Wed Nov 17, 2004 11:46 am
Post subject: Providian Visa Platinum Credit Card Tips

With Providian, the preapprovals are usually the real deal, but there is no guarantee. I responded to a providian preapproved mail solicitation and was approved with “good” terms, including an 9.9% rate, $0 annual fee, and a credit line of $7,000. I got 2.99% for the life of the BT if I submitted it with the app.

I’ve called customer service and found it to be no better no worse than other bankcard issuers.

If you like the terms and conditions, that is, if they are competitive, I see no reason not to go ahead and apply.