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!watmath!clyde!burl!mgnetp!ihnp4!cbosgd!mark
From: mark@cbosgd.UUCP (Mark Horton)
Newsgroups: net.consumers
Subject: Re: Free? Visa Card Offer - (nf)
Message-ID: <187@cbosgd.UUCP>
Date: Sat, 28-Jul-84 23:10:28 EDT
Article-I.D.: cbosgd.187
Posted: Sat Jul 28 23:10:28 1984
Date-Received: Sun, 29-Jul-84 23:26:32 EDT
References: <373@wdl1.UUCP>
Organization: AT&T Bell Laboratories, Columbus
Lines: 16

Sounds like Execu-Charge.  They probably have a very high interest
rate and encourage you to make small payments, so they make lots of
money on interest.  The mandatory cash advance is a dead giveaway.

Most savings and loans in Columbus offer free checking, some with
free Visa.  (My former bank, BancOhio, just started charging a
per check charge on top of the $5 fixed rate charge I had been paying,
so I closed the account out and opened a checking account at State
Savings.  I have a free Visa with free checking, a chain ATM, and
all the services I'd expect from a bank except being well known in
the banks-we-wire-money-to books.  And the Visa is only 17.75%
interest.)

You should also expect them to not keep the Visa free.  Execu-charge
started charging $20/year after a couple years.  I don't know if
State Savings will start charging someday or not.