NextCard Named No.1 Internet Credit Card by Gomez Advisors; NextCard Ideal for Internet Savvy Consumers; Online Shopping Assistant Cited

Business Wire, August 14, 2000

Business Editors/High-Tech Writers

SAN FRANCISCO--(BUSINESS WIRE)--Aug. 14, 2000

NextCard(R) (Nasdaq:NXCD) today announced that Gomez Advisors(TM) again selected it as the number one online credit card in its Summer 2000 Internet Credit Card Scorecard(TM) -- the second time Gomez has issued a Credit Card Scorecard. NextCard (www.nextcard.com) prevailed over 16 other firms, including larger, more-established credit card companies such as American Express, Citibank, Bank of America, MBNA and Discover. The Gomez Internet Credit Card Scorecard can be viewed at www.gomez.com.

"NextCard delivers a well-balanced offering for online credit cards. NextCard provides advanced tools for better credit card account information management, a full menu of online service requests, with advance email alerts and competitive pricing," according to the Gomez review. "NextCard includes detailed transactions on each statement - which differentiates the site from its competition."

"For all online shoppers, the NextCard Concierge will store all your personal information, billing/shipping address and secure passwords. Visit a site, purchase items, click on the wallet and watch it automatically fill in your order forms!" the review stated.

"NextCard's competitive advantage is its focus on innovation. NextCard was the first to provide consumers with online approval, a choice of offers and online balance transfers. Customers can also personalize the look of their card with a picture," said John Hashman, CEO of NextCard. "We are committed to continue to lead innovation in consumer credit cards, and we believe that our best innovative strategies are ahead of us."

"We introduced the NextCard Concierge(SM) one-click shopping assistant to our cardholders in October 1999 in order to make online shopping easier," Hashman added. "Most consumers want a convenient and simple solution for filling out online shopping forms. Our cardholders have told us the NextCard Concierge makes Internet shopping a breeze."

The NextCard Concierge eliminates the time-consuming roadblocks every Internet shopper encounters by automatically filling in required information in Web forms. It provides one-click login and express checkout at almost every site on the Web. Cardholders do not enter any data into the NextCard Concierge; it comes pre-loaded with a cardholder's billing, shipping, and NextCard account information and automatically captures passwords directly from the screen for future use.

The Gomez Internet Credit Card Scorecard looks at credit card issuing banks that offer the ability for a consumer to apply online and view their credit card transactions within a single site independent of other integrated online products. Currently, the Scorecard focuses on firms that can demonstrate to have either $1 billion in managed credit card receivables or be an Internet-only bank. Only firms that issued their own credit cards and extend loans to the pubic at large were considered. Only 16 banks met these criteria. The 16 firms, in rank order for overall score, are NextCard, Security First Network Bank, American Express, Chase Manhattan, Citibank, Discover, First USA, Wells Fargo, Bank of America, Capital One, MBNA, First Bankcard Center, Direct Merchants Bank, Household Bank, TD Waterhouse Bank, and Providian Aria.

NextCard, Inc.

NextCard, Inc. (www.nextcard.com) is the No. 1 Internet credit card and the most visited financial services Web site. Launched in 1997, the company was the first to offer instant online credit card approval, a choice of customized credit card offers, personalized PictureCard(SM) designs, and exceptional online customer service. NextCard is committed to providing the most robust consumer shopping experience on the Internet and has continued to innovate with its complete GoShopping!(SM) service, NextCard Concierge(SM) one-click shopping assistant, online bill payment services, and comprehensive rewards program.

NextCard is consistently a top ten online advertiser, operates a network of over 60,000 affiliates and has exclusive card relationships with leading brands, including Amazon.com and MyPoints.com.

NextCard was named the No. 1 credit card by Gomez Advisors in 2000. It was also ranked the No. 1 credit card brand Internet consumers would consider for use according to ZDNet's 1999 BrandIQ research study. NextCard owns minority stakes in Flooz.com, the premier online gift currency, and PayTrust, a leading service that lets consumers receive, review, pay and organize all of their bills online.

About Gomez Advisors

Headquartered in Lincoln, MA, Gomez Advisors is the e-commerce authority for both consumers and e-businesses. Gomez provides an unparalleled view of online customer experience by combining industry specific expertise, a thoroughly objective and extensive Internet evaluation methodology, and high-quality community ratings and reviews of online businesses.

THE SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. Information contained herein as to NextCard's expectations and goals are forward-looking statements. Actual results could differ from those projected in these statements due to portfolio characteristics, economic conditions, competition in the industry, and other factors detailed from time to time in the company's Securities and Exchange Commission filings. Trademarks are the property of their respective owners.