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Table: Cut Rate Credit Cards


Personal Business: SMART MONEY

TABLE: Cut-Rate Credit Cards

CARD/ISSUER ANNUAL ANNUAL TERMS

PERCENTAGE

RATE FEE

PRIME FOR LIFE 8.75% $88 Designed for consumers who

Wachovia Bank, (Prime rate) carry at least a $1,000 bal-

800 842-3262 ance; $98 for gold card

AFBA INDUSTRIAL BANK 11.9% None 8.5% introductory rate valid

800 776-2265 till Jan. 1, 1996; hard to

qualify for

USAA FEDERAL SAVINGS BANK 12.67% None Interest rate pegged to

800 922-9092 Treasury-bill index

PRIME VALUE 12.50% $18 Six-month teaser rate of

PNC Bank, 800 PNC-9901 (Prime 8.9%; $28 for gold card

+3.75%)

FIRST YEAR PRIME 12.65% $18 First-year rate is 8.75%,

Wachovia Bank, (Prime available nationally

800 842-3262 + 3.9%)

CONSUMERS' EDGE 14.65% None Standard card has no grace

Bank of New York, (Prime period so interest charges

800 235-3343 +5.9%) accrue from Day One

CONSUMERS' BEST 14.9% $29 6.9% fixed rate until April

Capital One, 800 952-3388 '96; 14.9% fixed thereafter

DATA: RAM RESEARCH GROUP


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