We may change the APRs, fees, and other terms of your account at any time in accordance with applicable law and the Account Agreement, which we will send you when your account is opened. Factors we may consider in determining whether and how to change your terms include the frequency and severity of defaults and other indications of risk on accounts with Providian and other creditors.
*APR for Purchases, Balance Transfers, and Cash Advances: Your APRs for Purchases, Balance Transfers, and Cash Advances (and the margins added to the Prime Rate to determine these APRs) will depend on Providian's evaluation of your application and credit history. The APR for Balance Transfers above applies to balances transferred in connection with this application. Depending on your credit profile with us and other lenders, you may qualify for additional balance transfer offers with us in the future. The terms of any future offer will be disclosed to you when the offer is made.
^†Default APR: Each time you default on this or any Providian account because you fail to make at least the minimum payment when due, exceed your credit limit, make a payment to us that is not honored by your bank, or are reported as delinquent on an account with any other creditor, we may increase the APRs on your account up to the maximum Default APR. Factors considered in determining whether and by how much to increase your APRs include the frequency and severity of defaults and other indications of risk on accounts with Providian and/or other creditors.
^‡Prime Rate: The Prime Rate used to determine your APRs is the highest Prime Rate published in The Wall Street Journal on the first business day following the 22nd day of the previous calendar month. Variable rates are current as of November 2004.
Cash line: The amount available for cash advances will be 20% of your total credit line and will be shown on your statement.
How payments are applied: Payments will be applied first to finance charges and fees, then to Balance Categories (including new transactions) in the order of the lowest APR to the highest APR. This means that balances subject to promotional or introductory APRs will be paid before balances subject to higher APRs.
By submitting your application, you acknowledge and agree that: (1) you are at least 18 years old; (2) all information you provide is accurate and complete; (3) your account will be used only for personal, family, or household purposes; (4) we may check your credit and the information you provide; (5) we reserve the right to change the terms of your account; and (6) we may request credit reports in connection with this application and to review your account.
Upon request, we will tell you if we obtained credit reports and the name and address of any consumer reporting agencies that provided the reports. We may report information about your account to credit bureaus. Late payments, missed payments, or other defaults on your account may be reflected in your credit report. When you use the account, you agree to be bound by the Account Agreement. The Account Agreement provides that disputes relating to the account are subject to binding arbitration. There are additional terms describing features and benefits, which will be sent to you when you become a cardholder. A married applicant may apply for credit in his or her own name. This account may not be available to you if you already have a credit account with us or have applied in the last 90 days. This offer is not transferable.
Second card information: We may provide information about this account to consumer reporting agencies or other agencies in the second cardholder's name. This is not a joint account. If you allow the second cardholder to use your account, you will be liable for all their transactions.
Credit score access: We generally display your FICO® credit score online and update it from time to time. Occasionally, however, we may not be able to display or update your score due to systems or other constraints.
Discounts: In order for you to receive these money-saving discounts, you must satisfy our credit requirements and your account must be open, not past due, and not overlimit.
Important information about procedures for opening a new account: To help the government fight the funding of terrorism and money-laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you.
NY Residents: New York residents may contact the New York state banking department to obtain a comparative listing of credit card rates, fees, and grace periods. Call 1-800-518-8866.
WI Residents: No provision of a marital property agreement, a unilateral statement, or a court decree adversely affects the interest of the creditor unless the creditor, prior to the time credit is granted, is furnished a copy of the agreement, statement, or decree or has actual knowledge of the adverse provision when the obligation to the creditor is incurred. Married applicants must furnish the applicant's Social Security number and the name and address of their spouse to Providian at P.O. Box 660509, Dallas, TX 75266-0509 within 15 days from the date you respond to this offer.