Chase and Continental Airlines Enhanced Rewards Offering for Credit Card Customers

Business Wire,  Nov 26, 2002  

Tags: Continental Airlines Inc., credit card

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Business Editors

NEW YORK--(BUSINESS WIRE)--Nov. 26, 2002

Continental Credit Card from Chase Cardmembers Can Now Earn Double

OnePass(R) Miles

In recognition of cardmember loyalty and to further expand the product offerings, Chase and Continental Airlines are offering double OnePass miles at a variety of national merchants in thousands of locations. Continental Platinum, WorldMasterCard, and Visa Signature cardmembers will automatically earn these newest rewards. No sign up is necessary and there are no additional fees.

With the Continental Airlines Credit Card from Chase, cardmembers earn one OnePass mile for every dollar spent on their card. Double miles will automatically be earned now for Continental Airlines ticket purchases made directly through Continental, as well as at AT&T, Bed Bath & Beyond(R), Best Buy, CVS/Pharmacy(R), KB Toys, Lowe's(R) Home Improvement Warehouse, Macy's, US Postal Service(TM), and all bookstores. There is no limit to the number of miles earned on the cards and Continental OnePass miles never expire.

Two additional benefits for new World MasterCard customers are being introduced. In addition to bonus miles, new cardmembers will receive a $99 Companion certificate after they have been a World MasterCard customer for six months. And all current World MasterCard and Visa Signature cardmembers will now receive two Presidents Club passes and two discount certificates redeemable for up to $150 in travel on Continental every year.

New World MasterCard customers receive 10,000 sign-on bonus miles and Platinum customers receive 6,000 sign-on bonus miles.

"We are always looking for ways to reward our cardmembers for choosing the Continental Airlines Credit Card from Chase," says Faye B. Evans, senior vice president of Strategic Partnerships and Reward Programs for Chase's credit card division. "Cardmembers now have the means to truly maximize the rewards they earn for using their credit card, which in turn gives them the rewarding experience of flying Continental Airlines."

Consumers can apply for the Continental Airlines Credit Card from Chase at 1-800-GO-1PASS.

About Chase

Chase's credit card portfolio, issued and owned by Chase Manhattan Bank USA, N.A., has more than 30 million cardmembers and over $50 billion in outstandings. Chase is the fourth largest bankcard issuer in the United States, and its joint venture with First Data Corporation is the largest merchant acquirer in the U.S.

J.P. Morgan Chase & Co. is a leading global financial services firm with assets of $742 billion and operations in more than 50 countries. The firm is a leader in investment banking, asset management, private banking, private equity, custody and transaction services, and retail and middle market financial services. A component of the Dow Jones Industrial Average, JPMorgan Chase is headquartered in New York and serves more than 30 million consumer customers and the world's most prominent corporate, institutional and government clients. Information about JPMorgan Chase is available on the internet at www.jpmorganchase.com.

About Continental

Continental Airlines is the world's sixth-largest airline and has more than 2,100 daily departures. With 122 domestic and 90 international destinations, Continental has the broadest global route network of any U.S. airline, including extensive service throughout the Americas, Europe and Asia. Continental has hubs serving New York, Houston, Cleveland and Guam, and carries approximately 45 million passengers per year on one of the newest jet fleets in the industry. With 48,000 employees, Continental is one of the "100 Best Companies to Work For in America." Fortune ranked Continental the No. 2 Most Admired Global Airline and No. 30 Most Admired Global Company in March 2002. For more company information, visit continental.com.

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