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CU System
CU announces 6.90 fixed-rate credit card
TUMWATER, Wash. (11/13/08)--O Bee CU announced it is offering a new 6.90% annual percentage rate, fixed-rate credit card dubbed “The ONYX.” “With credit-card rates spiraling out of control for consumers, and higher interest and default rates up to 36%, we decided to resist this trend,” said Lee Wojnar, O Bee vice president of marketing. “At O Bee, we see an opportunity where we can help consumers by offering a low-rate credit card (MarketWatch Nov. 11). “The ONYX is our premiere card with no points or rewards, but just a low interest rate,” he added. O Bee CU is a $118 million asset, Tumwater, Wash.-based credit union.
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