Providian credit card is one top leading credit card in United States. I guess while reading this, you are looking for the best credit cards with the lowest interest rates, biggest cash back rewards, or looking for the right credit card that will increase your credit score. Providian has its own distinction of giving out credit facilities to people who have been refused by creditor companies and banking institutions. This is the only credit facility that has been born out of the need to serve people with bad credit history ratings and the aim of making do with low profits in exchange for a wider customer base. Most of the cardholders of Providian credit card are economically and financially unstable. This is the major reason why it does not charge unnecessary fees.
Providian Credit Card Benefits
Beginning in mid-1999, a large number of class action suits were filed against the company regarding aggressive sales tactics being sold to Providian credit card holders. Due to unlawful business practices, the Providian
Financial Corporation was sold to Washington Mutual for approximately $6.5 billion in October 2005. Since then, Providian has been on solid relation after. Prior to Washington Mutual’s acquisition of Providian, it is now a sister company of Washington Common and was already focused on managing consumer banking, real estate portfolios and property mortgages.
What happened to Providian Credit Card? In the long run, you will be redirected to Chase when you visit the original Providian website and this is explained by the turn of events. The Providian Financial Company however ran into problems. Washington Mutual Card Services believed that by combining the experience, analysis, technology and outstanding customer service, Washington Mutual seeks to build long-lasting relationship with its customers by rpoviding products and services that meet their evolving financial needs. Providian credit card is issued through Washington Mutual Bank.
Providian credit card may happen to have a long history of service and quality and have gone legal problems but went through due to unethical business practices. Providian Financial Corporation was one of the most top leading issuers of credit cards in the United States locally based in San Francisco, California that was founded in 1980s but was later on sold to Washington Mutual which is a large financial organization that had previously focused on home loans, commercial real estate, and retail banking. Washington Mutual retained Providian its name because they believe that a name was made for itself by providing Providian credit card to people in the subprime market who were normally turned away from other companies of low income and poor credit history. The Providian credit card company has been on solid footing ever since.
Different Types Of The Providian Credit Card
A person that is careful and cautious with finances can be responsible enough to own a credit card. It allows its holder to buy goods and services based on the holder’s promise to pay for these goods and services. The following credit cards are provided by the Providian credit card: Premium points, Providian Visa Platinum Card and Providian Cash Rewards.
1. The Providian Visa Platinum Card is a basic card that offers the card holder to enjoy discounts and coupons at big restaurants and other retail outlets. Credit lines go up to $15,000 and the card carries no annual fee. Credit limits are reviewed and if the holder is able to fulfill the requirements, then granted the privilege of an increased credit limit. New accounts are eligible for no APR on balance transfers for the first 12 months. Consumers are entitled also to get cash advances from their card. Providian credit card especially the Visa Platinum Card is the main card offered by the Providian credit card company that has several different options and credit limits available to meet customer’s needs.
2. The Partner Cards in which Providian has several partner organizations like Human Rights Campaign Visa, HSN Rewards Visa, Democratic Party Visa, and North American Membership Group Visa.
3. Providian Real Rewards – the holders of the Providian credit card with Real Rewards can enjoy a number of financial reward if they make their payments at the right time. The financial rewards can be used for reducing expenses in restaurant dining, travel and air fare discounts etc.
Premium points are the goodwill of a good credit card would probably have to not to pay any money to obtain it. The entire application process is simple and straightforward. Providian credit card does not emphasize heavily on the credit history of the individual unlike any other cards that set a specified credit limit by the bank.
Most people end up with a bad credit history with a heap of debts left to pay but a solution for bad credit is only getting a Providian credit card. It is what makes it so popular that people who have been denied by other banks has the joy of owning the credit. Credit cards are considered to be an asset if you just find a way to not over spend it but in reality unfortunately, most people are unable to manage the use of their credit cards responsibly. Denied by other card companies, Providian will be the only one that will sign them up for the card.
Instant Approval For A Providian Credit Card
The Providian credit card gives an instant approval on credit card even within the end of the business day upon application. Provided by the information of which is true and valid, regardless of what your credit score looks like you will certainly be able to get the Providian credit card for use right away. Providian is one of the few companies that care about these days. Normally, the approved Providian card holders in many cases are not normally financially rewarding. Therefore, it is quite unfair to penalize them with more fees and charges and make them pay more for their cards.
Providian credit card offers a lot of good deals as the lists of advantages keep going on. You will be quietly motivated to get a Providian credit card right away. Unlike any other cards, the procedure to apply for these cards is quite simple and hassle free. All you have to do is to analyze all costs involved especially for attractive offers, clarify all the fees you will have to pay, what APR is offered, what is the annual fee, conditions for balance transfer deals and more. Providian credit card is great in terms of offering regular customers in line with the contract some good deals on rewards points.