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FLEET/NORSTAR EXTENDING LOW-RATE CREDIT CARD OFFER TO EXISTING CUSTOMERS

FLEET/NORSTAR EXTENDING LOW-RATE CREDIT CARD OFFER TO EXISTING CUSTOMERS
 PROVIDENCE, R.I., Dec. 3 /PRNewswire/ -- Fleet/Norstar Financial Group (NYSE: FNG), which earlier offered new customers a special 12 percent annual percentage rate on cash advances made against their credit card account, said it is extending that offer to its existing customers.
 A. Christian Fredrick, senior vice president of Fleet/Norstar Services Corp., said the original promotional offer that was designed to attract new credit card customers and reduce the burden of high- interest rate debt has been "overwhelmingly successful so we want to extend the offer to our existing card holders." He said the 12 percent promotional rate has generated more than 100,000 applications since it was unveiled last September.
 Fredrick said Fleet/Norstar is mailing a special check to existing credit card customers who qualify for $500 or $1,000 line increases. The check -- made out for one of those amounts -- can be used anytime between now and Jan. 31, 1992, to transfer higher rate debt from other accounts to the lower rate, which stays at 12 percent until it has been repaid.
 In addition to the special check, the customr mailing consists of a holiday card that reads, "You may use the check anytime between now and January 31st, and it comes with our thanks for letting us serve you... and especially for the responsible way you manage your credit."
 Fredrick said the promotional programs apply for both Visa and MasterCard accounts.
 Fleet/Norstar Financial Group is a diversified financial services company listed on the New York Stock Exchange. Fleet/Norstar has approximately 1,300 offices nationwide. Its lines of business include commercial and consumer banking, mortgage banking, consumer finance, asset-based lending, trust banking, student loan processing, and investment banking.
 -0- 12/3/91
 /CONTACT: Robert W. Lougee, Jr., 401-278-5879; or Charles T. Conway, Jr., 401-278-6240; or Bruce P. Crooks, 401-278-6241; or Thomas L. Lavelle, 617-573-7733, all of Fleet/Norstar/
 (FNG) CO: Fleet/Norstar Financial Group ST: Rhode Island IN: FIN SU:


DH-DD -- NE005 -- 8792 12/03/91 13:25 EST
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Publication:PR Newswire
Date:Dec 3, 1991
Words:346
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