Having offered me their typical $500 initial limit, "guaranteed," they raised me to $700 after four months. Then within the last month, they offered me $1000 more for a $99 fee. I accepted, and they quickly offered me a $1000 MasterCard. The reason is obvious: there is another $59 annual fee on the new card. They want me to pay $118 in annual fees. Until you say no to Providian or make a late payment, they recklessly throw new credit at you. They want to become your primary source of credit, so they give you more credit sooner than anyone else, extracting heavy fees in the process. As I have said before, no one should ever depend on Providian for most of their credit. Avoiding their plans for my credit future, plans that include virtual slavery to my credit cards, requires me to say no to this bizarre offer. Actually, I was so astonished that I never considered accepting it.