Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP
Posting-Version: version B 2.10 3/23/84; site cbosgd.UUCP
Path: utzoo!linus!decvax!harpo!ihnp4!cbosgd!mark
From: mark@cbosgd.UUCP (Mark Horton)
Newsgroups: net.consumers
Subject: Re: Good Visa Card?
Message-ID: <1216@cbosgd.UUCP>
Date: Tue, 3-Apr-84 17:00:17 EST
Article-I.D.: cbosgd.1216
Posted: Tue Apr  3 17:00:17 1984
Date-Received: Thu, 5-Apr-84 03:31:43 EST
References: <1312@emory.UUCP>
Organization: AT&T Bell Laboratories, Columbus
Lines: 14

Execucharge?  Gag!  We got hooked by them too.  The 1% sounds wonderful,
but they charge a high annual fee and a 21% (as I recall) APR.  They
also feature a very low minimum payment and lots of programs to let
you skip the payment at all some months.  The whole thing is geared to
having you buy lots of stuff on that card, then take the maximum amount
of time to pay it back.  So they make a fortune in interest.  Once we
figured out that we could only lose, we paid the card off as fast as
we could afford and cut it up.

State Savings in Columbus has free checking with a free Visa.  If you
ask around you might find some savings and loans or credit unions in
Atlanta that have a similar service.

	Mark