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From: clayton@mary.DEC (Cluster Verification, 261-3917, NIO/B2)
Newsgroups: net.invest
Subject: VISA and Mercantile Trust
Message-ID: <730@decwrl.DEC.COM>
Date: Mon, 27-Jan-86 09:13:53 EST
Article-I.D.: decwrl.730
Posted: Mon Jan 27 09:13:53 1986
Date-Received: Tue, 28-Jan-86 06:21:07 EST
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Organization: Digital Equipment Corporation
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<...........>

	I received several requests for the address of Mercantile Trust,
however, because of a disk failure I lost return addresses, so I am posting
this rather than mailing...

	I have read the fine print and what it boils down to is this:

	They do have a finance charge, and it is based on your "average daily
balance" for the month, so in a sense you could call it interest on your
purchases from time of use, except it isn't considered interest (no tax
benefit).  The amount of the charge is 1.65% (19.8 annual) for balance under
$1,000 or .833% (10 annual) for a balance over $1,000 NOT TO EXCEED 1.50 per
month.  So there is a ceiling of $18.00 per year.  Since I use my card for
emergency or large purchases only I have never paid that much (most months I
never even use the card which means no finance charge to compute with the
average daily balance being $0.00).

	Soooooo, depending on how you use your card, this may be a good deal
for you, it may not.  Of course a maximum of $18.00/year doesn't seem too bad
(compared to some I've seen) if you use the card a lot.

	They do, also, give the discount dollars credit for use towards 
purchase from VISAs catalog (Very uninteresting to me).

	Address:

	Mercantile Trust Company
	PO Box 306
	St. Louis, MO  63166


Elizabeth
....decwrl!dec-rhea!dec-vicki!clayton