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Providian to Sell $2.6 Bil in asset

Discussion in 'Credit Talk' started by jimc001, Apr 15, 2002.

  1. Apr 15, 2002 #1
    jimc001

    jimc001 Active Member

    Read here: http://ap.tbo.com/ap/breaking/MGAQB2SI20D.html


    "The transaction, expected to close in May, includes about 1.7 million credit card accounts.

    Under the terms of the deal, Providian will continue to service the portfolio for up to 12 months. "
     
  3. Apr 15, 2002 #2
    tzank

    tzank Well-Known Member

    Looks like those accounts could eventually become ASPIRE accounts with, of course, super high APRs

    Tim
     
  4. Apr 15, 2002 #3
    jr

    jr Well-Known Member

    If that happens to my accounts I will close them !!!!!!!!!!!!!!!!!!! I currently have a getsmart at 16.9 fixed and a providian visa at 23.9 percent. Aspire charges very high interest rates !!!!
     
  5. Apr 15, 2002 #4
    getsmart

    getsmart Well-Known Member


    I have the same cards that you have but I will also close as soon as possible if they touch my interest rate..Getsmart 16.99 and Platinum 19.95
     
  6. Apr 15, 2002 #5
    GEORGE

    GEORGE Well-Known Member

    What happend to the 9.99%????
     
  7. Apr 15, 2002 #6
    GEORGE

    GEORGE Well-Known Member

    1.9% for the first 3 monthly billing periods that your account is
    open ("Introductory Period")*. After that, 9.99% variable.
     
  8. Apr 15, 2002 #7
    ng

    ng Well-Known Member

    They are just joking!
     
  9. Apr 15, 2002 #8
    GEORGE

    GEORGE Well-Known Member

    That must be the reason I was DENIED twice for that card...THEY KNEW I WOULDN'T TAKE A JOKE RATE...
     
  10. Apr 16, 2002 #9
    ng

    ng Well-Known Member


    Reason for denial is you qualified for 9.99 %
    Their rates are normally 16.99 % & 19.99 % or higher
     

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