I received a letter this week from Providian about my card that they were upgraded my account.
They are running a promotional 9.99% until my May statement and then reducing my interest rate (18.99%) which is lower than before.(23.99%) They have also added a 25-day grace period which I didn't have before. I have a Provdian Gold card and I have had it a year and half. My CL is $2100 which I never paid for any increases.
I mentioned this because I read about some people complaining about never getting their APR lowered. But I have always paid this card in full sometimes more than what the statement states. I pay what I used for that month and pay that. I send it early by priority mail with receipt. I don't trust them. But doing it this way works.
I was going to ask you all if I should get another credit card before I closed on my Mortgage. I knew I probably could get a better rates. However, I plan to refinance my home and didn't want anything to interfere with getting the lowest rates possible.
So I closed on my home this past Friday. (Yeah!) My plan is to pay it off in 5 years. It all because of the helpful information on this board that I was able to clean up my credit reports to get this home. Thank you all!
And now Providian has given me a 25 day grace period is which I wanted and lowered my interest rates..I can live with that for now. It isn't the greatest but like I said I don't want to mess up trying to get the best rates in refinancing. I still have the collection account to be removed off my record on Equifax. I still trying to figure out the best way to ask in writing my doctors office to remove it. It will drop off next year.
Thank you all again and to Credit Talk for this great board.
Bunni :) (I got my home!!)
EQ - 679
EXP - 725
TU - ???