Printer Friendly

CENTRAL FIDELITY INTRODUCES NEW 15.6 PERCENT MASTERCARD/VISA

 CENTRAL FIDELITY INTRODUCES NEW 15.6 PERCENT MASTERCARD/VISA
 RICHMOND, Va., Jan. 24 /PRNewswire/ -- Responding to the general decline in interest rates as well as customer requests, Central Fidelity (NASDAQ: CFBS) introduces a new MasterCard/Visa option with a 15.6 percent APR. The 15.6 APR will apply to both cash advances and purchases. The annual fee for the new card is $20.
 "As interest rates have continued to fall, many customers have asked about lower rate credit cards," said Jane D. Sorah, corporate executive officer. "This new card can meet the market's need for a lower rate option."
 Central Fidelity's new MasterCard/Visa with a 15.6 percent interest rate is the lowest rate available from any of the major Virginia banks. The new card joins Central Fidelity's existing credit cards -- MasterCard/Visa with an 18 percent rate on purchases, 14 percent on cash advances and $15 annual fee and Visa Gold with a low variable rate based on prime and a $35 annual fee -- to give consumers a range of credit options depending on their needs.
 Applications for the new 15.6 percent MasterCard/Visa will be available at all Central Fidelity offices on Feb. 7. Existing customers will be given the option to convert their existing Central Fidelity MasterCard/Visa cards to the new 15.6 percent card.
 Central Fidelity Banks, Inc. is Virginia's fifth largest bank holding company with 203 offices and $6.8 billion in assets.
 -0- 1/24/92
 /CONTACT: Peggy Cummings, Public Relations Manager, Central Fidelity Banks, Inc., 804-697-7261/
 (CFBS) CO: Central Fidelity Banks, Inc. ST: Virginia IN: FIN SU: PDT


DF -- CH005 -- 3217 01/24/92 10:56 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 24, 1992
Words:278
Previous Article:THE PENN TRAFFIC COMPANY FILES REGISTRATION STATEMENT RELATING TO $100 MILLION SENIOR NOTE OFFERING
Next Article:ROADMASTER COMPLETES REAL ESTATE SALE PART OF DELEVERAGING PLAN SAYS COMPANY
Topics:


Related Articles
CITICORP: CHOICE CARD(R) HAS OFFERED LOW INTEREST ALTERNATIVE TO CREDITWORTHY CUSTOMERS FOR FOUR YEARS
INTEGRA FIRST MAJOR LOCAL BANK TO LOWER INTEREST RATE ON MASTERCARD AND VISA
CENTRAL FIDELITY REPORTS 17TH CONSECUTIVE YEAR OF INCREASED EARNINGS
CENTRAL FIDELITY INTRODUCES NEW CD; FOCUS 55 MONTH ONE-UP CD
COMERICA ANNOUNCES BANKCARD RATE CHANGES
FLEET BANK OF MASSACHUSETTS LOWERS CREDIT CARD AND HOME EQUITY RATES
CENTRAL CAROLINA BANK INTRODUCES 8.5 PERCENT CREDIT CARD
DEAN WITTER AND NATIONSBANK TO LAUNCH PRIME OPTION MASTERCARD
AMERICAN EXPRESS ISSUES STATEMENT IN RESPONSE TO MASTERCARD 'POLICY DECISION' TO PROHIBIT U.S. BANKS

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters