There is a 25 day grace period. I have read that providian reports to all 3 CRA's. No annual fee. Now the bad news, a whopping 23.99% apr. talk about a pound of flesh. Is this interest rate negotiable??? There is an 800 number to call. My credit problems are now 3 years in the past. Capital One gave me a pretty good card. Any info on Providian experiences would be apprecited. I don't have to reply until February 1.