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Providian Letters

Discussion in 'Credit Talk' started by FeliceRodo, Apr 11, 2002.

  1. Apr 11, 2002 #1
    FeliceRodo

    FeliceRodo Well-Known Member

    CS said 4 Types of letters are being sent out. Some include apr changes to variable rates. All of them involve changes in overlimit fees and lates fees, which are being REDUCED.

    Not everyone will have the apr changed to variable.
     
  3. Apr 11, 2002 #2
    tinaboo

    tinaboo Well-Known Member

    So what do they base these changes on? It it based on their credit history, or your overall credit
     
  4. Apr 11, 2002 #3
    Mirage

    Mirage Well-Known Member

    I am going to take a guess that part of the equation is how much interest they have made off your account.

    An account not being used is a money loser for them.

    I will post which letters I get if I get any at all.

    Best regards,
    Mirage
     
  5. Apr 11, 2002 #4
    NiceGuy

    NiceGuy Well-Known Member

    FeliceRodo:

    Can you post the text of the letter you received?
     
  6. Apr 11, 2002 #5
    KHM

    KHM Well-Known Member

    I got one of these letters a few months ago, it was more like a leaflet in with my statement. It said that my over limit fees were going down, that was about it. I tossed I haven't used the card for a while.
     

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