The reason: A review of my EX report revealed serious deliquency and new accounts were opened. My report is 10 times cleaner than it was when I first got the card 3 years ago. I guess the main reason my APR was jacked was to punish me for using Providian for the only good thing they are good for apparently - establishing a good payment record to get new accounts. MY APR will never be lower than 29.98&. I forgot to mention that. Then I paid off my entire balance, and when I got the next statement I had finance charges on the 0 balance. The reason: I do not have a grace period even though my statment clearly states I do. My question is: should I just sock drawer this card, and use it once in a while for a $5.00 purchase? Its my highest limit, and also my oldest active tradeline so I am sure my score would tank if I cancelled it. So anything any of you find where I am hyping providian, please disregard.