Providian Financial confirmed Wednesday that it has signed a definitive agreement to purchase 600,000 credit card accounts from Morgan Stanley Dean Witter’s Bravo card program, representing approximately $350 million in credit card loans. While Morgan Stanley Dean Witter does not officially release portfolio breakouts, it is projected the ‘Bravo’ card program has about 1.3 million accounts and approximately $715 million in total receivables. The company pulled the plug on the ‘Bravo’ program early this year and has plans to migrate the ‘Bravo’ program into the ‘Discover’ card program or other card programs run by MSDW. Details of yesterday’s deal were not disclosed however some analysts suggest Providian is paying a 12% premium for prime ‘Bravo’ accounts. The transaction is expected to close by the end of the year. Providian said the acquisition will be “mildly accretive” to 1999 earnings. According to CardData ([www.carddata.com]) Providian had 8.8 million accounts representing $9.7 billion in outstandings at mid-year.