Word: bankamericard
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...increasingly demonetized society. But what about the cash customer - is he getting an even break? In a suit filed in U.S. district court in Washington last week, the Consumers Union maintained that he is being shortchanged. Naming the American Express Co. and a member bank of the BankAmericard system, C.U. charged that credit-card companies are in effect guilty of price fixing...
...rise again. An unprecedented amount of consumer buying is on the cuff. Consumer credit went up more than $1 billion in each of the last six months tabulated; the rise in August, the latest month reported, tied May's record $1.4 billion. The Bank of America reports its BankAmericard volume running an extra-high 35% ahead of a year ago. The willingness of consumers to go into debt is perhaps the strongest of all indications of their new confidence...
...sell it, then to give it away. Hemmed in by legalisms, she finally donated it to an elementary-school carnival where, for only a dime, customers could swing a hammer at Mrs. Fobair's "frustration car." Mrs. Evelyn Grubb of Colonial Heights, Va., applied twice for a BankAmericard; both times the company replied that her husband's signature was required on the application. Mrs. Phyllis Kline and her husband, also of Tampa, owned an interest in a nearby orange grove that Mrs. Kline wanted to put on the market. But since the name of her husband, Air Force...
With the help of credit cards, New Yorkers can charge clothes, cosmetics, cash, even crash trips to the Caribbean. Now get ready for Cavalleria Rusticana and Carmen. Last week the staid Metropolitan Opera announced that it would accept BankAmericard, Diners' Club, Master Charge, Uni-Card and Carte Blanche at the box office. The reason: sagging sales (already down by 7% this season) and the high cost of seating at $35 a pair...
...BankAmericard's new plan will be available in California, Ohio, West Virginia and Kentucky. Cardholders will receive by mail 71-in. by 31-in. cards -actually bank drafts already made out to the IRS-to complete and attach to their 1040 forms. The IRS will deposit the drafts in banks participating in the plan. Cardholders can then pay BankAmericard in one lump sum or in monthly installments at a 15% annual interest rate...