2007-03-15 09:49:39 · 8 answers · asked by MissBoo 1 in Business & Finance ➔ Credit
It is illegal for a credit card company to require someone to have a bank account with its bank in order to get approved. And it is illegal for a bank to require you to open an account with them to apply for their credit.
Wamu and Providian are mutually exclusive and you have the right to have one without the other.
2007-03-15 10:49:11 · answer #1 · answered by ccadwell 3 · 0⤊ 0⤋
Yes, I don't see why not. My very first credit card at age 19 was a Providian. I got a $1000 credit limit and vowed to use it for emergencies. It is usually a high interest card and the target customer is a young person or one with little or no credit. Here's what I did. It may not be the right advice, perhaps you can look up advice from Suze Ormand (spelling?), but I'll give it to you anyway. I received this card and after about a year I started receiving several other credit card offers in the mail (apparently, by establishing credit through this card I popped up on the credit-card-people radar). I looked at the interest rates and the annual fees, etc. of each card and ended up signing up for a Platinum Mastercard (through AT & T Universal - you can find them online). I transfered my balance from the Providian card which was sitting with a high interest rate accumulating (I was young and even though the card was used only for emergencies, I couldn't always pay the full balance each month) at a 0% interest rate for a year, plus I think I got a credit card limit of $2000. Aside from the annual fee, which was higher than the Providian, this card had the better interest rate.
You've got to be careful to at least pay the minimum balance (if you can't afford to pay more or the full amount of charges each month) because even if you're just one day late they'll tack on a fee higher than one for, say, a bank overdraft (I'm thinking it was somewhere like $39.00) plus after one or two late payments the interest rate hikes and you're back with a higher balance and a higher interest rate than the Providian.
Stay away from the online offers for intant credit cards. Most of them will "approve" you and then ask you to pay $200, $300 or even $400 to get this card. It's like a secured card but you don't get to "charge up" the money you've already put down. This, I can imagine, would only be used for someone who, for whatever reason, is desperate for a credit card.
Good luck.
Also, as a consumer, you have the right to shop around for the best credit card offers.
2007-03-15 10:06:19 · answer #2 · answered by Wonderin' 2 · 0⤊ 0⤋
Providian is one of the worst credit cards you can get. Open up and account with a credit union if you don't already have one and apply there.
2007-03-15 10:57:59 · answer #3 · answered by Millionaire in training 4 · 0⤊ 0⤋
yep, I had a providian c.c. and I live in Hawaii. Just be careful. They have very high interest. I paid mine off and cancelled it.
2007-03-15 09:54:45 · answer #4 · answered by Brownie-Girl 3 · 0⤊ 0⤋
Yes, I did, but be careful, I thought their interest rate was very high.
2007-03-15 09:53:36 · answer #5 · answered by smartypants909 7 · 1⤊ 0⤋
Iam living in lebanon and i have my work in my city
2007-03-15 10:21:33 · answer #6 · answered by mohammed s 1 · 0⤊ 0⤋
yes
they are a bit shady though
i got one with them and its been alright
2007-03-15 09:57:06 · answer #7 · answered by EF 2 · 0⤊ 0⤋
YES! My boss has PCC, but no acct. with WM.
2007-03-15 09:54:27 · answer #8 · answered by wish I were 6 · 0⤊ 0⤋