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Established Contributor
jbh
Posts: 763
Registered: ‎07-04-2008
0

Is Providian A Good "2nd Step" CC?

Hey,

I've been looking for a card to go after in the next few months just in case I feel I am not strong enough for Amex. I've noticed through a credit pull database that Providian seems to give $1k-$2k to TU scores over 620, even with collections. Have you noticed the same thing? Am I to assume they are a lenient lender that's considered more of an 'easy app' than the citi's/chase's of the world?

Thanks

PS. When my util is down I should be mid/higher 600's all things = with TU
Moderator Emeritus
cheddar
Posts: 6,794
Registered: ‎09-29-2007
0

Re: Is Providian A Good "2nd Step" CC?



jbh wrote:
Hey,

I've been looking for a card to go after in the next few months just in case I feel I am not strong enough for Amex. I've noticed through a credit pull database that Providian seems to give $1k-$2k to TU scores over 620, even with collections. Have you noticed the same thing? Am I to assume they are a lenient lender that's considered more of an 'easy app' than the citi's/chase's of the world?

Thanks

PS. When my util is down I should be mid/higher 600's all things = with TU

Providian doesn't exist anymore, and hasn't for quite some time.  I'm assuming you're referring to WaMu?

 
----------------------------
App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. :smileysurprised: )
Established Contributor
jbh
Posts: 763
Registered: ‎07-04-2008
0

Re: Is Providian A Good "2nd Step" CC?

Interesting. I wasn't sure of that. Yes, from the credit pull db it mentions Wamu/Providian.

I am probably to assume, then, that those glory days are over? Or is Wamu known for being a lenient lender and not as demanding as Amex/Citi/Higher End cards.
Valued Contributor
jmbfl
Posts: 1,185
Registered: ‎03-04-2008
0

Re: Is Providian A Good "2nd Step" CC?

Wait until your scores are up - then pre-app BofA through website.
Moderator Emeritus
cheddar
Posts: 6,794
Registered: ‎09-29-2007
0

Re: Is Providian A Good "2nd Step" CC?



jbh wrote:
Interesting. I wasn't sure of that. Yes, from the credit pull db it mentions Wamu/Providian.

I am probably to assume, then, that those glory days are over? Or is Wamu known for being a lenient lender and not as demanding as Amex/Citi/Higher End cards.

The general consensus is that WaMu falls in the range of "better than subprime but not quite prime."
 
WaMu has been very good to me.  They gave me 15 1/2 x my highest reporting limit when I applied for their rewards card in April, so I'm probably a little biased.
 
 
----------------------------
App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. :smileysurprised: )
Established Contributor
Posts: 739
Registered: ‎06-30-2007
0

Re: Is Providian A Good "2nd Step" CC?

[ Edited ]
I like my wamu card I applied 9/07 in may the gave me 1k CLI +cash back up to that timeI had spent less than $400 and had 3 cycles with no balance.

Message Edited by rbbyrbsn on 08-13-2008 01:35 PM
People say "Only apply for credit you NEED"

I say "apply for credit you have PRATICAL use of"

I don't have AMEX card because I don't want a card that suffers from PMS

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