Providian reported yesterday that its credit card fee income for the second quarter declined 23% to $219.6 million. Providian recently reported that its 2Q/03 outstandings declined 11%, compared to 2Q/02 due to the sell-off of some sub-prime accounts. The issuer said the sharp decline in fee income reflects lower average loans receivables and reflects lower late and overlimit fee income associated with its transition to higher quality credit card account originations. Providian fee income includes late fees, overlimit fees, returned check charges, annual membership fees, cash advance fees, cardholder service products, and, interchange fees received from bankcard associations. For complete details on Providian’s 2Q/03 performance visit CardData ([www.carddata.com]).