A Backgrounder On Providian Credit Cards

The Providian credit cards own the distinction of giving out credit facilities to

people who have been refused by creditor companies and banking institutions through the past several years. This credit facility has been born out of the need to serve people with bad credit ratings and the aim of making do with low profits in exchange for a wider customer base.

Providian was started in 1997 by a certain Andre Kahr. The company initially went through trials in terms of legal questions and issues put out in 1999 against it in the matter of allegedly doing illegal promotions and company policies, but ultimately weathered such vilifications. Beginning with its head office in San Francisco, California, Providian was slowly absorbed by Washington Mutual in October 2005. Over the last several years, the company has made big strides in developing and promoting its line of affordable and easy-to-acquire credit cards.

Prior to Washington Mutual's acquisition of Providian, its sister company, Washington Common was already focusing on managing consumer banking, real estate portfolios, and even property mortgages. The acquisition involved close to 10 million Providian credit card cases worth an estimated 6.5 billion dollars during that time. After that, Providian has kept its financial stock and standing up to this day. It has slowly but surely achieved record accomplishments in terms of its client and customer base.

There are many different Providian credit cards available to consumers depending on their financial and funding needs. The basic card is the Visa platinum card, which gives excellent features and choices for its customers. This card does away with annual fees and gives credit limits of up to $15,000. The account is given without the need for an annual percentage rate during the first year of its use. This credit card type is flexible enough to meet the customer's financial needs without the necessity of meeting income qualifications.

The Providian credit cards even come in different appearances which the customer can choose from, such as the designs on Mount Rushmore, the bald eagle, and even the American flag. The platinum card usually serves as the principal card but it is important to note that there are also certain limitations for this card.

There are also the companion cards which complement different organizations and business establishments which actually stimulate and promote more purchases with its varying presentations. The Home Shopping Network or HSN for instance, allows buyers to earn $10 for every $1,000 invested. These cards also give purchasers special discounts and promotions in the products and services of different clubs and organizations. Several worthy organizations have engaged providian credit cards with these financial schemes.

Providian also has rewards greeting cards which may be given for special occasions. These cards are prepaid and are given as special gifts to friends and family, and they have values which range from $6 to $500, depending on the choice of the giver.

A Backgrounder On Providian Credit Cards

By: Terro White

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