Filed Pursuant to Rule 424(b)(3)
                   Registration No. 33-62485
            
PRICE SUPPLEMENT NO.  3              DATED:    September 18, 1996     

(To Prospectus Dated November 7, 1995 as supplemented by Prospectus
Supplement Dated November 10, 1995)

                   PITNEY BOWES CREDIT CORPORATION
                
                     Medium-Term Notes, Series C

THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES
AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION, NOR HAS THE
SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION
PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PRICING SUPPLEMENT, THE
PROSPECTUS SUPPLEMENT OR THE PROSPECTUS.  ANY REPRESENTATION TO THE
CONTRARY IS A CRIMINAL OFFENSE.

Principal Amount: $100,000,000.00            Issue Price:    100%   

Date of Original                             Interest Rate/Initial
   Issue:         09/19/96                   Interest Rate:  6.305%

Maturity Date:    09/23/98                   Interest Payment
                                             Dates:   May 15 and November 15
                                          
Form:    X   Book-Entry                      Certificated
      -----                            -----



                                                      
Interest Rate Basis                    Interest Determination
                                       Dates:                  N.A.
                                                               ----
 X   Fixed Rate Note                   Interest Asset Dates:   N.A.
- ----                                                           ----
     Commercial Paper Rate Note        Interest Asset Period:  N.A.                             
- ----                                                           ----
     Federal Funds Rate Note           Index Maturity:         N.A.
- ----                                                           ----
     LIBOR Note                        Spread (plus or minus): N.A.
- ----                                                           ----
                                       Spread Multiplier:      N.A.
                                                               ----
     Prime Rate Note                   Calculation Dates:      N.A.
- ----                                                           ----
                                       Calculation Agent:      N.A.
                                                               ----
     CD Rate Note                      Maximum Interest Rate:  N.A.
- ----                                                           ----
     Treasury Rate Note                Minimum Interest Rate:  N.A.
- ----                                                           ----
     Other Base Rate                   Redemption Commencement
- ---- (as described below)              Date:                   N.A.
                                                               ----
     Zero Coupon Note                  Initial Redemption
- ----                                   Percentage:             N.A.
                                                               ----
                                       Reduction Percentage:   N.A.
                                                               ----
                                                   
                                                   
Other Terms:   For Original Issue Discount Notes:
               Original Issuance Discount:        ______%

               Yield to Maturity:             ______%

               Original Issue discount applicable
                to accrual period:       _____________%

               Short Accrual Period:     ______________%

               Method used to determine yield of maturity
               applicable to short accrual period:

               _____ Approximate

               _____ Exact

               Original Issue Discount Note:

               ___ Subject to special provisions set 
               forth therein with respect to the
               principal amount thereof payable
               upon any redemption or acceleration
               of the maturity thereof.

               ___For Federal income tax purposes
               only.

               OID Percentage for Tax 
               Purposes:      ______________%

               OID As Percentage of Original 
               Principal Amount:______________%

               Annual Yield to Maturity for
               Computing OID:______________%