What I found out yesterday after talking to a customer service rep about when I should be expecting mf first increase on my Mastercard is that they don't review your account until after the 4th billing cycle. I was expecting my increase this month but it won't be until next month. Have anybody ever receive a increase from your Providian Mastercard for the first time and how much did your receive?
Ty, I just received my first increase last month, and it was $200 automatically, then I received an offer to increase it by $1000 for a fee of $49.
To greyfox, How long did it take for you to get your first increase? Are you going to accept that offer?
Ty, it took four months, and I did take the increase, as I am trying to keep my balance ratio under 30%. In my experience with the VISA at Providian, after I paid for that first increase, free increases came regularly...I went from a limit of $500 to $3300 in 6 months, with an excellent payment record.
Oooohhh, I'm jealous I just received a $1500 credit increase. ( Maybe if I pay it off, they'll give me another one in April. Already charged up $500. ) Bills though, nothing exciting.
Re: Oooohhh, I'm jealous In what time period did you receive the $1500? On the VISA, I paid for the first $1000 increase, and didn't get another increase until I called retention and then they gave me $1500 after the automatic $200. I don't know if they might have given me anything if I hadn't called.
Re: Oooohhh, I'm jealous Ty, Opened acct. in 7/99..$1000 limit, 12/99...$2200 limit....05/00....$4200 limit...10/00...$5700 limit....02/01..$8000 limit. Just pay on time and stay within your limit....However, be careful, for every line increase the min. payment goes up...make sure your budget allows. Good luck. Sean
Re: Oooohhh, I'm jealous Sean, I'm curious, when you got your first increase, what was your balance? I've had my MC since Sep and I haven't had one increase. Now granted, in Dec, by fluke, I paid late, but that's it.
Re: Oooohhh, I'm jealous Shantel, Sorry about the late reply......first increase balance was $475.00...limit was $1,000.00 at that time. Sean
Re: Oooohhh, I'm jealous Thanks Sean....I've been close to the limit for a while, so I'm assuming that's why I haven't gotten an increase yet. Oh well, don't need it right now. I'll just pay it down.
