Last month, I allowed 4 and 5 days for my Providian payments to get to New Hampshire. The due dates of Sept. 29 and Sept. 30 both fell on a weekend, and both payments were posted on Monday, Oct. 1. When the new statements showed up on the computer a few days later, no late fees had been assessed. This indicates either that Providian has an informal grace period of at least 2 days for payments, or that payments due on a weekend are posted on Mondays but not considered late. Either way, I'm happy for now. If they try to claim on a credit report that 2 days late is 30 days late, then and only then will I be upset with them.
One of the few good things to be said about this company is that it does allow a little extra time before imposing a late charge. But it makes up for this tiny piece of flexibility through its famous 23.99 APR with no grace period for purchases.
MP$40, That's certainly possible, but it seems unlike any bank, especially Providian, to add an additional grace period automatically without a customer requesting it. These banks profit from the passivity of their customers, most of whom won't request anything. On the other hand, if Providian did add a little extra grace period for September, then I salute them for that.
The grace period for late fees is not related to Sept. 11. Providian stated they would give a 2-3 day period after the due date before imposing late fees last year during that lawsuit mess. It's good to know they are still living up to their agreement.
