Hubby has 3 Providian accounts: Visa Gold - 3 & 1/2 yrs MC Gold - 1 & 3 months Getsmart Visa - 1 & 3 months Never been late, never over the limit, etc, etc. He does maintain high balances though, but he has always since the accounts were open. After his Getsmart card expired (1 yr) they sent him a Visa Classic in its place so he called Providian and they told him the new Getsmart cards weren't finished yet and to use the Classic until he received his new Getsmart card. Okay?! Weird but we didn't think much of it, he also received a $700 increase in February. Last week I noticed the AR-Compucred inquiry on his EQ report. I didn't think much of it after reading here it was thought to be Providian. So in the mail today comes a letter from Providian saying they are closing his account as of today due to one or more credit accounts that is/are currently delinquent, or show a major derogatory event within the past 6 months. WHAT??!! There hasn't been anything neg. or derog on his report since 1999. Even BEFORE he opened 2 of the 3 accounts!!! I can't wait until he gets home to call these yahoos and find out just exactly what this "event" is..........
about 5 mos ago... they decided to raise my interest rate to 29.99% HA! I closed that one faster than anything.. blah i say!
In my wife's July statement there is a note saying that they periodically review credit information and may close an account without any prior notice... I'm thinking of closing mine and her accounts tomorrow before they put a "closed at grantors request" statement on out files...
Unbelieveable - I wonder what happens if they decide to CLOSE IT at a POS terminal at a sale at Macys - Of course, then the other side is raising some customers' limits, offering cheap balance transfers and cash advance specials...then the poor bloke runs up $5000, Providian bounces the rate to 29.99%, then closes the acct. Nope - Providian's problems are far from over.... aarrff - dogman
Year 1: my Providian acct goes from $500 to $3k Year 2: they won't budge. I got the 29.9% letter in June. Never more than 80% utilization, no charges the last 6 months, always paid 4x min payment. I did PFB last week and Providian Corp office called me. They said they couldn't offer me anything, and if I wanted to close it that would be fine. That would be fine???? And this is after 3 calls to Providian customer service who were as useful as my FICO score at an Iraqi car dealership. So I did a BT to my Cap1 account which put me at the limit with them, but at least it will make them report high balance since they don't report limits. I will BT everything to GM next month for 0% 6 months.
