September 27, 2010
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News: Metro Bank Low Interest, No Fees
Americans are fed up with high interest rate credit card accounts and have shown their discontent by switching from credit to debt and paying down card debt. One bank wants to help cardholders by giving them the freedom to spend while reducing their interest rate. Metro Bank announced the launch of its new Visa card, which it said will be America's next great card. The Metro Bank Personal Visa Card carries a 9.90 percent annual percentage rate (APR) and no annual fee. How incredible is that interest rate? According to Index Credit Card's Monitor, as of August 31, 2010 the average consumer credit card rate was 16.79 percent APR. Additionally, there are no late fees and no balance transfer fees.
Metro Bank Chairman, President, and Chief Executive Office, Gary L. Nalbandian said that the Metro Bank Personal Visa Credit Card stands above other cards because they do not offer the no-balance transfer or low interest rate on an introductory rate. Nalbandian said that these features remain throughout. So the bank doesn't mean the low interest rate and balance transfer or late fees will end after 6 to 12 months. Offers will be extended only to the most credit worthiness individuals. It goes without saying, if you are interested in a low interest rate and no fee credit card, the Metro Bank Personal Visa card is the right one for you.
The Metro Bank is a subsidiary of Metro Bancorp, Inc. which is headquartered in Harrisburg, Pennsylvania. The bank operates 33 facilities throughout six different Pennsylvania countries. It is a financial services retailer which offers a number of services including seven-day banking, free checking, free instant-issue Visa debit and credit card, free coin-counting machines, free online banking and 24/7 live customer service. Metro Bank also provides commercial banking services including term loans, commercial mortgages, lines of credit and cash management services. For more information about Metro Bank, please visit www.mymetrobank.com.