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NORWEST OFFERS SPECIAL LOW INTEREST RATES FOR NEW CREDIT CARD CUSTOMERS

 DES MOINES, Iowa, Jan. 11 /PRNewswire/ -- Norwest Card Services is offering a special low 9.9 annual percentage rate for new MasterCard(R) and Visa(R) card customers. This special promotion runs from Jan. 1 to April 30, 1994. New Norwest cardholders will receive 9.9% for six months from the date the account is opened.
 Additionally, customers who transfer a balance of at least $300 from another non-Norwest MasterCard, Visa or Discover(R) card to their new Norwest cards will receive a special "welcome" gift -- a $20 bonus credited to their account. New customers will also benefit from a purchase rebate of up to 1% on all their Norwest card purchases and a 25-day grace period to repay their balances before a finance charge is imposed on purchases.
 After six months, the annual percentage rate for customers who qualify for "Prime Performance" pricing is prime plus 9% for classic cards and prime plus 7.4% for gold cards, currently 15% and 13.4% respectively.
 Consumers interested in a low 9.9 APR credit card can apply for one at any Norwest Bank location.
 Norwest Card Services offers credit cards through bank subsidiaries of Norwest Corporation in 13 states and is the 19th largest bank card issuer in the United States. Norwest Corporation is a $50 billion company providing banking, insurance, investments and other financial services through 2,279 offices in 50 states and internationally.
 -0- 01/11/94
 /CONTACT: Linda Engelkes of Norwest Card Services, 515-222-8159/


CO: Norwest Card Services; Norwest Corporation ST: Minnesota IN: FIN SU: PDT

CP-DB -- MN003 -- 0977 01/11/94 11:53 EST
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Publication:PR Newswire
Date:Jan 11, 1994
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