Providian Credit Card
This credit card company is noted for providing credit to people who had a poor credit history or low income. Providian was founded in the 1980′s but in the late 1990′s the company began to have legal problems. They were accused of unethical businesses practices. Washington Mutual acquired Providian in 2005 and ever since Providian has been on solid ground. Chase now owns it. Providian has several credit cards to offer to potential new customers.
Basic card
The Visa Platinum credit card has a credit limit up to $15,000 and carries no annual fee. For the first twelve months, new accounts are eligible for no APR on balance transfers. This offer is only good if you transfer the balance when you open the account. Consumers are not responsible for fraudulent charges and can get cash advances on their card. This is the main card offered by Providian but there are different options and credit limits to meet the needs of the customer.
Partner cards
The company has many partner organizations that provide cardholders with the means of earning rewards or supporting your favorite group. Some of the partner organizations include:
• The Human Rights Campaigns Visa — Part of every purchase cardholders makes will help the HRC, which supports equality for lesbian, gay, transgender, and bisexual.
• HSN Rewards Visa — This card lets Home Shopping Network enthusiast earn $10 merchandise credits at HSN for every $1,000 they spend on the card.
• Democratic Party Visa — The customers who are using this credit card earn one percent back on all their purchases. The one percent can be donated to the Democratic Party if the cardholder wants to.
• North American Membership Group Visa — Cardholders who are members of such groups as The Creative Home Arts Group, The National Home Gardening Club, and The North American Fishing Club earn discounts on their monthly dues. In addition, the cardholders can get a percentage off club merchandise with this card.
When you apply for a credit card fro Providian, the card is tailored to the customer’s needs and budget. They specialize in understanding the type of credit card that would be suitable for the customer. This was so the cardholder could reap the benefits of using the Providian credit card. Providian credit card offers the cardholder a rewards benefit in the form of cash back on every purchase and they can earn one point for every dollar. When the cardholders have enough reward points, they can redeem them for airline travel, restaurant discount cards, and others.
They can also use their reward points to reduce their annual percentage rates plus many more ways to use their reward points. Providian is now known as Washington Mutual Card Services, and the Providian card is no longer issued. It has been reissued as Washington Mutual Card. Providian provides bill pay and direct deposit. One thing that Providian provides to their customers that no one else does is giving a FICO score to their members.