Lowering Providian APR

Discussion in 'Credit Talk' started by lak1972, May 2, 2001.

  1. lak1972

    lak1972 New Member

    Does anyone know a good way to approach Providian with lowering my APR? I have a Gold card and have had it since 1998. I love my card but would like to have a lower APR. It is currently 23.99%. Please help me with any ideas. Thank you
  2. Dani

    Dani Well-Known Member

    I would try the "I really love this card, but the interest rate is too high approach". This usually works. Start out by saying that you love the card (name a couple of benefits), but explain that the interest rate is too high to carry a balance or to make additional purchases. As long as the account has been in good standing (no lates or overlimit fees) for six months you should have no problem getting a lower interest rate. Most of the CCC are offering 15-17% currently. I got my sister's dropped from 19.99% to 15.9% and my Mom's from 24% to 16.24%. Good luck and let us know how it goes.

  3. once38

    once38 Well-Known Member

    I tried to get apr lowered today on new card that's on it's way.They wouldn't budge.Said Gold card history didn't count for new card.I know though that I will get increases every 4 months and I just got a 2000 Aria a month ago so I'm surprised they offered me a third card.Providian has its plusses
  4. kenny

    kenny Well-Known Member

    They lowered my card to 19.9 after only a month. I called them up and tryed the "I love this card" approach.

    I got thje idea from this board. I also tried it with my only to cards First national bank of marin and Cross Country Bank....no dice.
  5. Saar

    Saar Banned

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