Providian merges with Washington Mutual

Bluezy · #1 (**permalink**) 10-03-2005, 07:55 AM

I received a letter from Providian in the morning mail stating that as of 01 October, 2005, Providian will merge with Washington Mutual. I am glad to hear that the bank will merge with Washington Mutual. WM is a good bank.

This is the only credit card I have, and it carries a low APR. Do merges do anything to a customer's low APR? Has anyone else received this information?

marla · #2 (**permalink**) 10-03-2005, 08:10 AM

I had that happen one time. At first everything was fine, but a then I started getting information about changes and the changes were that my rates and fees would be increasing. I finally ended up cancelling my card and switching banks.

CRFSaver · #3 (**permalink**) 10-05-2005, 09:45 AM

Given that Washington Mutual does not have a credit card presence, Providian will be run business as usual at least for the forseable future.

lovingyoualways · #4 (**permalink**) 10-05-2005, 04:39 PM

We got that same information. We can only hope for the best. Trying to get the card paid down anyways. I want to leave my job by our 1 year anniversary. So trying to pay everything down as fast as possible. It's my goal have to get hubby on track, lol.

PRICEPLUS · #5 (**permalink**) 10-05-2005, 10:09 PM

I don't think the merger will result in any breaks for present clients!