Chase Puts Consumers in the Driver's Seat With New Chase Freedom Card.Business Editors NOTE TO MEDIA: Multimedia assets available A photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.012703/bb7 NEW YORK--(BUSINESS WIRE)--Jan. 27, 2003 The First Consumer Credit Card to Reward Cardmembers with an Automatic 3% Rebate on all Gasoline gasoline or petrol, light, volatile mixture of hydrocarbons for use in the internal-combustion engine and as an organic solvent, obtained primarily by fractional distillation and "cracking" of petroleum, but also obtained from natural gas, by Purchases at Any Gas Station, and 1% on all Other Purchases Chase put consumers in the driver's seat driv·er's seat n. A position of control or authority. today, offering more choice, flexibility and ways to earn rewards with the new Chase Freedom Card. Chase Freedom cardmembers will enjoy benefits that no other consumer card currently offers: a 3% rebate on all gas purchases at any gas station and a 1% rebate on all other purchases, immediately credited to the next month's statement and able to be used toward any future purchases - no requirement to accumulate points or use rebates toward gas. For a 90-day introductory period, new Chase Freedom cardmembers will earn a 6% rebate on all gasoline purchases, made at any brand of gas station, and a 3% rebate on all gasoline purchases made at any gas station after the introductory period. There is no annual fee for the first year, and the annual fee is a low $19 thereafter, which will be waived if the cardmember makes at least nine purchases in the prior year. Cardmembers will also receive the world-class benefits associated with MasterCard(R) and Visa(R) platinum credit cards, such as auto rental insurance coverage, travel accident insurance, purchase protection, and more. "Research continually shows that consumers want more options and flexibility in how to earn and use rewards," says Rajive Johri, executive vice president of Chase's credit card division. "Cardmembers have told us that location and price determine which brand of gasoline they purchase. This card gives them the freedom to earn rebates at any gas station that is convenient for them or which offers a lower price on gasoline. It also is the only card that gives immediate rebates on the next month's statement that can be used toward any purchase - this is truly unique." Consumers can apply for the Chase Freedom card at 1-866-800-FRDM, or online at www.chasefreedomcard.com About Chase Chase's credit card portfolio, issued and owned by Chase Manhattan Bank The Chase Manhattan Bank, now part of JPMorgan Chase, was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. The bank is headquartered in New York City. USA, N.A., has more than 29 million accounts and more than $51 billion in outstandings. Chase is the fourth largest credit card issuer in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , 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 The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. firm with assets of $759 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 Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. , JPMorgan Chase JPMorgan Chase (NYSE: JPM TYO: 8634 ) is one of the oldest financial services firms in the world. The company, headquartered in New York City, is one of the leaders in investment banking, financial services, asset and wealth management and private equity. With assets of $1. is headquartered in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and serves more than 30 million consumer customers and the world's most prominent corporate, institutional and government clients. A photo is available at URL: http://www.businesswire.com/cgi-bin/photo.cgi?pw.012703/bb7 |
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