We had a credit card with Providian which got bought out by Wa Mu
and the interest rates were always in the 12 to 16% range.
After JP Morgan Chase got involved the APR was raised to 32.78% in Jan. 2009 without notice.
Talk about Usury. I checked with the State Attorney of Florida and it seems that in Florida the max they can charge is 18% but because they are incorporated in Nevada they can charge whatever they want.
I am paying off the card and have already torn it to shreds. Anyone out there that is thinking about doing business with this company be very careful.
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