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HOUSEHOLD AFFINITY CREDIT CARD MASTER TRUST I, 1993-1 'AAA/AA-' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, Sept. 16 /PRNewswire/ -- Household Affinity Funding Corp.'s $900 million floating-rate class A credit card participation certificates are rated 'AAA' by Fitch. The initial class A certificate rate is 3.325 percent (one-month LIBOR plus 0.20 percent) with a maximum certificate rate of 12 percent. The issuer's $52.945 million 5.30 percent class B participation certificates are rated 'AA-'. Series 1993-1 is issued from Group One of Household's new master trust structure. Household Affinity Funding Corp. is a special purpose subsidiary of Household Bank, FSB. Household Finance Corp. (HFC) is the servicer.
 The 'AAA' rating is based on the quality of the revolving credit card receivables, the subordination of class B certificates equal to 5 percent of the total invested amount, the collateral amount equal to 10 percent of the total invested amount and the 12 percent certificate rate cap. The collateral amount consists of a cash collateral account (CCA) and a $105.883 million undivided interest in the trust assets called the collateral invested amount (CIA). Initially, the CCA amount is zero and the CIA amount is 10 percent. The sum of the CCA and CIA will never be less than 10 percent of the total invested amount. The collateral amount is in the first loss position supporting class A then class B.
 The 'AA-' rating reflects the quality of the receivables, the 10 percent collateral amount, and HFC's servicing capabilities. The collateral amount covers shortfalls in payments to class B investors after class A requirements are met.
 Series 1993-1 will have an interest-only period covering 54 months. After the interest-only period, class A investors should receive 12 equal monthly principal payments up to the controlled amortization amount of $75 million. The final class A principal payment is expected to be made in March 1999. After class A investors are repaid, class B should begin receiving principal. Class B's final payment date is expected to be in April 1999. Class A and B investors will receive interest monthly beginning Oct. 15, 1993.
 The trust's assets include a pool of credit card receivables totaling approximately $3.3 billion as of June 30, 1993. The current pool of receivables was generated from MasterCard credit card accounts originated by Household Bank under an affinity program between Household Bank and General Motors. The GM Card program was started in September 1992. The performance of the portfolio is uncertain due to the pool's lack of seasoning and current low utilization rate. This concern is somewhat mitigated by Household's proven expertise in applicant credit scoring and cardholder behavior scoring.
 -0- 9/16/93
 /CONTACT: David Howard, 212-908-0677, or Doug Murray, 212-908-0518, of Fitch Financial Wire/


CO: Household Affinity Funding Corp. ST: New York IN: FIN SU: RTG

LD -- NY075 -- 2838 09/16/93 16:51 EDT
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Date:Sep 16, 1993
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