COLUMBIA, S.C.--Wachovia Corp. affiliate South Carolina National Bank said it will pay a $50 rebate to people who open "Prime Plus" Visa and MasterCard accounts by May 28 and use them for the first time by Dec. 31.

The rebate exceeds the annual fee of $39. The product, similar to one offered by Wachovia Bank of Georgia, carries a relatively low interest rate of 8.9%, or 2.9 points above the prime.

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