No. of Recommendations: 0
I finally got a credit card offer that doesn't involve an annual fee or monthly charge or anything else. The interest is terrible, 23.99, but if you aren't going to carry a balance that doesn't matter really, does it? The problem is, it's from Providian, and I keep seeing people here say how horrible they are. My question is:

Why is Providian considered to be so awful? Is it because of their terrible interest rates? Because if that's the only reason, I could live with it, as I wouldn't be carrying a balance. All I want it for is for my ISP monthly charge, and because sometimes at work I need to charge something. I am reimbursed very quickly, but using my debit card means the money is taken out of my checking account and I would really prefer to be able to "charge it" and not have the money scooped out of MY bank account.

Reading the fine print, I can think of 2 potential problems - first, they say that they will perhaps make offers to increase the limit and if accepted, they will charge for that. Is there a chance that if and when they offer to raise the limit, it would be "if we don't hear from you in x# of days we will assume it's okay" and then they will charge me for something I don't want?

The other thing I am afraid of is they will reject me and give me some kind of card that charges an annual fee instead. Can they do that? Would I have an opportunity to refuse it?

In short, exactly WHY do people badmouth Providian?
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