Is Providian A Good "2nd Step" CC?

[jbh]

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

[Anonymous]

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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

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

[jbh]

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.

[jmbfl]

Wait until your scores are up - then pre-app BofA through website.

[Anonymous]

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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.

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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.

[Anonymous]

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