Providian Completes $750 Million Term Securitization

Providian Completes $750 Million Term Securitization 


SAN FRANCISCO, March 31  /PRNewswire-FirstCall/ -- Providian Financial
Corporation  today announced that on March 31, 2004, Providian National Bank
completed the sale of $750 million in three-year Series 2004-A floating rate
notes issued by Providian Gateway Owner Trust 2004-A and are backed by a
certificate issued by the Providian Gateway Master Trust.  The offered classes
of Series 2004-A included approximately $480 million floating rate Class A
notes, approximately $73 million floating rate Class B notes, approximately $112
floating rate million Class C notes and approximately $85 million floating rate
Class D notes.

The Providian Gateway Owner Trust 2004-A notes described above have not been and
will not be registered under the Securities Act of 1933 or any state securities
law and may not be offered or sold in the United States absent registration or
an applicable exemption from registration requirements.

About Providian

San Francisco-based Providian Financial is a leading provider of credit cards to
mainstream American customers throughout the U.S.  By combining experience,
analysis, technology and outstanding customer service, Providian seeks to build
long-lasting relationships with its customers by providing products and services
that meet their evolving financial needs. 

DATASOURCE: Providian Financial Corporation



CONTACT:  investors, Jack Carsky, [phone] or Bill Horning at

[phone], or media, Alan Elias, [phone], all for Providian

Financial Corporation



Web site:  http://www.providian.com/ 

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