JB, read it and weep
From the Providian website
https://www.getmyvisa.com/bap/nav/welcome.jsp?t1112161216722=t

Important Terms & Conditions
Pre-approved means you received this offer because a preliminary review of your credit report from a consumer reporting agency showed that you met our credit requirements for a Visa® Platinum account. The card issuer, Providian National Bank (“we”/“us”/“our”), will review your credit, household income, credit relationships with us, and all other information you provide to ensure that you meet all of our requirements when you respond to our offer. If you meet these requirements, you will receive a Visa Platinum account with a credit line of up to $7,500, or at least $500, and the rates below. Your credit line will be determined by your credit profile at the time we open your account. If you do not meet these requirements, we may not extend credit to you.
Annual percentage rate (APR) for purchases
23.99%
Other APRs
Balance Transfer APR: 0% through your statement date in November 2005(“Introductory Period”); after that: 23.99% (see explanation below‡)Cash Advance APR: 23.99% Default APR: Up to the Prime Rate† plus 24.49% or up to 29.99%, whichever is greater, and may vary (see explanation below*)
Variable rate information
Your APRs may vary.Purchase APR: 23.99% or the Prime Rate plus 18.49%, whichever is greaterBalance Transfer APR: 23.99% or the Prime Rate plus 18.49%, whichever is greaterCash Advance APR: 23.99% or the Prime Rate plus 18.49%, whichever is greater
Grace period for purchases
At least 25 days if the New Balance is paid in full by the Payment Due Date
Balance calculation method
Two-Cycle Average Daily Balance (including new purchases)
Annual fee
$0
Minimum finance charge
$1
Cash advance fee:
3% of the advance ($10 minimum)
Balance transfer fee:
3% of each balance transfer ($5 min./$75 max. per transfer)
Late fee:
$19 if balance is less than $200$39 if balance is $200 or greater
Overlimit fee:
$35 if you exceed your credit line at any time during a billing cycle
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.*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 March 2005.‡Balance transfer information: The introductory APR applies to balance transfers requested in connection with this application. Enter your balances in the order that you would like them to be paid. Individual transfers are subject to a $100 minimum. We will generally transfer as much as possible, leaving some of your credit limit available for purchases and cash advances. Until your balance transfers are processed, you will need to make payments to your other credit card accounts to keep them current. Balance transfers are not subject to a grace period and may take up to 6 weeks to process. Balance transfers cannot be used to pay other Providian obligations. Balance transfer fees are added to the purchase balance and are subject to the APR for Purchases. Depending on your credit profile with us and other lenders, you may qualify for additional balance transfer offers in the future. The terms of any future offer will be disclosed to you when the offer is made.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.DNC Rebate Program: You will earn a rebate of 1% (0.01) of all net new purchases (new purchases less returns and credit adjustments) that you make with your card during each Rebate Period (described below). You may choose to have your rebates either donated to the Democratic National Committee (“DNC”) or credited to the Purchase Balance on your account. The first Rebate Period begins on the day your account is opened and ends on the last day of your first billing cycle that begins in either May or November. Each subsequent Rebate Period will consist of the next six billing cycles. At the end of each Rebate Period, your account must be open, current, within its credit line, and not in default of your Account Agreement for the rebate earned during that Rebate Period to be paid. This rebate feature cannot be combined with any existing Providian credit card account or with any other Providian rewards program. We may modify or discontinue the program at any time by giving you reasonable notice. Complete rules are in the Providian DNC Rebate Program Terms and Conditions, which we will mail to you with your Account Agreement. When you make a purchase to earn a rebate, keep in mind the Terms and Conditions on this page.If you choose to donate your rebate to the DNC, federal law requires the DNC to use best efforts to collect and report the name, address, occupation, and name of employer for each individual whose contributions exceed $200 in a calendar year. Donations to the DNC are not deductible for federal income tax purposes. Contributions from corporations, labor organizations, national banks, federal contractors, and foreign nationals are prohibited. Individuals may not contribute more than $25,000 per calendar year to the DNC. 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; (6) we obtained a pre-qualifying report from a consumer reporting agency to make you this offer; and (7) 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 (including in a second cardholder's name) 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 the 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. 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.
You received this offer because a credit report obtained from a consumer reporting agency showed that you met our credit requirements for a Visa Platinum account. You have the right to notify the consumer reporting agencies not to use your credit report in connection with a credit transaction you did not initiate. To do so, please contact: Equifax Credit Information Services, P.O. Box 740123, Atlanta, GA 30374-0123; Experian, P.O. Box 919, Allen, TX 75013; or TransUnion, P.O. Box 97328, Jackson, MS 39288-7328. Or you may notify all three agencies by calling 1-888-567-8688.If you do not want future credit card offers mailed to you from Providian, you may inform us in writing by sending your name and address (as they appear on your Pre-Approved Reply Form) to Providian, P.O. Box 660509, Dallas, TX 75266-0509. Please allow 4 to 6 weeks for this request to take effect.
Paid for by the Democratic National Committee (www.democrats.org).Not authorized by any candidate or candidate's committee.
- posted by Mike @ 9:42 PM