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BARNETT OFFERS LOWER INTEREST RATES ON CREDIT CARDS

 BARNETT OFFERS LOWER INTEREST RATES ON CREDIT CARDS
 JACKSONVILLE, Fla., Sept. 22 /PRNewswire/ -- Barnett Bank announced


today that it will offer lower interest rates of 13.4 percent and 15.9 percent to its credit card customers in good standing.
 The rates will be pegged to the prime rate and will adjust to movements in that benchmark. Customers will have a choice of keeping fixed rates of 18 percent and 16.5 percent for Classic and Gold cards respectively, or signing up for an adjustable rate.
 Classic card customers who have had their accounts for at lease one year, and have made at least $1,000 in purchases with their cards during the past 12 months, will be invited to select Prime Plus 9.9 percent as their interest rate. Rates for this account will be set monthly, using the prime rate reported by the Wall Street Journal.
 Gold card customers who have had their accounts for at least one year and have made $3,000 in purchases with their cards during the past 12 months can qualify for Prime Plus 7.4 percent.
 Both Gold and Classic card customers must have no record of delinquency for at least the past year.
 "These new variable rates can offer substantial savings for many of our customers and have been developed in response to their requests," said Thomas P. Johnson Jr., Barnett's chief retail banking executive.
 Barnett's Premier account card customers are automatically eligible for the special rates. New Premier and Senior Partners customers will have the option of variable or fixed rates on their credit cards.
 Customers who qualify for the variable rates will be notified by mail this week, and can choose the variable rate or retain their current fixed rate.
 With $32.4 billion in assets and 596 offices in Florida and Georgia, Barnett is the leading financial institution in Florida and the 18-largest in the United States. The company's stock (BBI) is listed on the New York Stock Exchange.
 -0- 9/22/92
 /CONTACT: Bob Stickler of Barnett Banks, 904-791-5437 (office) or 904-396-9284 (home)
 (BBI) CO: Barnett Banks, Inc. ST: Florida IN: FIN SU: PDT


JB-AW -- FL011 -- 2241 09/22/92 13:58 EDT
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Publication:PR Newswire
Date:Sep 22, 1992
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