I was wondering if anyone had any comments about the Providian Premium Points program.

1 point for each $1 of Net New Purchases at the end of each billing cycle.

Redemption rewards include:
20,000 Points for a Round-Trip airline ticket in the 48 contiguous United States (up to $500 Value). Although if you read the terms it says that for the 20,000 point level a $500 discount travel reward can be applied toward the cost of any airline ticket and not just to a destination within the 48 states.

15,000 Points gives you $150 off any airline ticket, which might be a better deal if the ticket is that cheap anyway.

There is no limit to the number of points you can earn.

Only catch is not to keep a balance -- 23.99%

Any thoughts? Any ideas on how to maximize the points if it is worth it?

Thanks!
Adam

Just a word of caution about Providian. They have been sued various times for fraudulent practices and will charge you a fee for just about everything or change your APR without real warning.

I'd go with one of the better established mileage cards first before getting a card from Providian.

Just MHO

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I Love New York -- Viva Espa�a

I am not a bid fan of credit card programs that place dollar limits on reward travel. I had an MBNA Travel Rewards card for about three years and had quite a bit of luck when redeeming points for hotel stays, but the $400 dollar limit on air travel sometimes placed limits on my options.