Wells Fargo Bank introduced a new variable-rate...
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Wells Fargo Bank introduced a new variable-rate credit card account for people who have demonstrated their credit worthiness. Called the Proven Credit Card, the new account carries an
interest rate of 15.8%. After Dec. 31, the rate will vary, based on the prime rate plus 7.55%. The San Francisco-based bank will continue to offer its traditional credit card accounts, which
carry an interest rate of 20%, or 17% for customers of five years or longer.