Wednesday, September 2, 1981
daily nebraskan
page 3
Credit card users facing new charge
Several Lincoln banks and savings and loan institutions
have begun charging annual fees for the use of Mastercard
and VISA credit cards.
Dave Patrick, executive vice president at First National
Bank of Lincoln, said most cardholders pay off their bills
during the interest-free period and now banks have to
charge the new fees to cover costs.
Patrick said Nebraska banks are among the last in the
nation to begin charging the annual fees. The Nebraska
Legislature passed a law this year allowing the fees.
First National charges $15 a year flat rate in addition
to the interest on late payments, Patrick said.
The only other Lincoln bank now offering credit card
service is the National Bank of Commerce, which recently
opened an office in the Nebraska Union.
The National Bank of Commerce charges $12 a year,
said Tom Potter, executive vice president of NBC.
Three Lincoln savings and loan institutions also offer
the card accounts.
Commercial Federal Savings and Loan charges $15 per
year, said Sue Ashcraft, financial counselor at Commercial
Federal.
The First Federal Lincoln Savings and Loan has no
annual fee, but charges 16 percent interest from the day
of the charge purchase, said Howard Madison, VISA di
rector for First Federal Lincoln. First Federal Lincoln
offers the VISA Plastic Check, which is used like a VISA
card but withdraws money from the person's individual
checking account, Madison said.
The Nebraska Savings and Loan charges $15 a year,
said branch manager Buff Peters.
Potter said he does not expect the fees to discourage
potential student customers from the bank's new location
in the union.
"There will certainly be some change," Potter said.
"Some customers have dropped the card. Most will prob
ably stay. The value of the card far exceeds the $12 fee."
Correction
In a story in Monday's Daily Nebraskan headlined
"Students turned away ticketless; hoarding blamed" Terry
R. Porter was incorrectly identified as a freshman student.
Porter is a freshman law student.
I 7 1 1
vAV
0
D
D
D
0
a
D
D
D
D
D
D
a
D
aaosoQaD
casco on
AT THE LAO
BE THE HARRIS MAN. Earn up to $700
over a tew weekends just lor being
healthy and at least nineteen
Quick and easy money - plus
a tree physical - while Harris
evaluates pharmaceuticals Harris
Laboratories explain the studies and
provide medical supervision
You might qualify as the Harris
M : Call today
474-0627
Weekdays
HARRIS LABORATORIES, INC.
624 Peach .'tree)
Lir.colr. Nebraska 6ttb0tt
c
JOURNEY
Htcludmg
Who-.C'yirxjNow SlonatnLov
Don l Slop EMwvtn Oaad Of Abv
KecpOnRunmn
taijmrSm in rfBww,Ytfn .wjv.-. . .
LOVERBOY
including
ThvKtdKHotTonit Turn Me I oust
Always On My Mtnd
7 I
injIKiiVSIKKCULl
HKCIII I NKMAVMIKM.IN
mctudma
Bmim For Vow
HtavyMtlal Tht Stack And$4v
Sott Survivor Joan Crawford
Vftlar n Of Ttw Psychic Wart
TC 37408
JC 36762
FC 37389
5.99
5.99 85.99
OZZYOSBOURNE
BUZZARD OF OZZ
HKhjdmq
I Don I Know CrajyTtain Mf Ctowley
Suicide Solution Goodbye To Romdni
m METI
HEADBANGERS
LISTEN TO THEM! IT'LL
BE HARD TO HEAR
ANYTHING ELSE!!!
BLUE OYSTER CULT JOURNEY JUDAS
PRIEST TED NUGENT OZZY OSBOURNE
THE JOE PERRY PROJECT FRANK MARINO
LOVERBOY WHITFORDST. HOLMES BAND
Look for the latest album by these heavy metal
superstars in the special Heavy Metal Headbangers
display in your record store.
$5.99
JZ 36812
THE
JOE PERRY
PROJECT
I've Got The Rock
'N' RoHs Again
including
East Coast West Coast
No Substitute Foi
Anogance
TV Police
L:LtjnToTheRock
Play The Game
TED NUGENT
IMKVslllKMX Hi I Illl-.s
mi lulling
Uv 1 n.- Is L tlx.' O Imti
I and Of A I hous.md D.im -s
Tin- INI Ovritiiif M, .kKWiIIHoII J.i.lb,
15.99
FE 37084
FC 37364
IllUrtS PRIEST
IIIINTIII'INTKV
tnchKfeng:
Heading Out To Trta Highway TroubJashooiei
On The RurvDonlGo Hot Rockm
rrwiiM-r-1'" J
including
PlayMyMusuRuniun Wild Slay With Me
Am t Dead Vet
llal
FC 37099
$5.99
WIUTFOIII)
ST.IIOOIIvS
including
Sharpshooter Hold On Action Spanish Boy
Whiskey Woman
FC 37365
15.99
FC 37052
Take The Music Where
You're Playing On CBS
Tapes.
On CBS Records and Tapes.
Ifcr. .$5.99
Also look at our nice price, two for S7.99 albums
during our Birthday Sale.
0
a
a
a
a
a
D
D
o
D
a
a
D
D
D
D
D
0
