Opened Jan 2001 with excellent terms except the apr. was 23.99% First correspondence in March resulted in an apr. reduction to 19.8% effective in May. Four months after I opened the account. Second corresponce in June resulted in an apr. reduction to 16.99% effective in September. Eight months after I opened the account. All apr.'s mentiioned are fixed and I have had not had a credit limit increase although I asked for that too. Providian is my least desirable account. But it is better than it was.