NEW YORK - GE Capital Corp. on Wednesday unveiled a general-purpose Mastercard that carries a steep $25 annual fee but could return $1,000 a year in benefits to active users.

The long-anticipated product also carries a variable interest rate that currently stands at 18.4%, slightly higher than the national average.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.