Contractors Build More Than Homes with New Chase Rewards Card.

Chase Offers up to 2 Percent Cash Back Rewards, Giving an Edge to Small Business Owners -- from Contractors to Plumbers to Landscapers

WILMINGTON, Del. -- Chase Card Services, a division of JPMorgan Chase & Co. (NYSE: JPM), announces the launch of the new Chase Contractor Cash Rewards(SM) Visa([R]) Signature Business Card. This new card from Chase is the first in a series of cards offering small business owners compelling incentives to shift invoice-based check spending to a business credit card. Cardmembers receive promotional financing and earn cash back on their business-related purchases - helping them gain an edge by effectively managing their cash flow.

Chase is a leading issuer of cards for small businesses and professionals. This is the first business credit card in the market designed specifically for contractors that combines spending power, financial flexibility and a strong rewards program. Cardmembers will enjoy the economic muscle of no preset spending limit, enabling contractors to support large, frequent, business-sized expense needs and providing them with an alternative to using checks or multiple credit cards to pay their invoices.

"Managing their expenses and cash flow is critical for small business owners and entrepreneurs," said John Delaney, senior director, Chase Business Card, Chase Card Services. "Chase created this card to specifically address the primary needs of contractors - profit margins and cash flow."

Delaney said: "We designed this card with contractors in mind, including financial reporting features to assist them with expense reporting, customer invoicing, customer service, and financial management. We even let contractors choose their own suppliers while capturing the most valuable benefits of the card."

"With small businesses largely relying on cash and checks for purchases today, opportunity exists to offer a more robust payment choice for those looking to more efficiently manage their businesses," said Raghav Lal, senior vice president of small business products, Visa USA. "Visa research shows that higher-spending small business owners want added value in their payment products and to be rewarded for their business spending. Visa Signature Business meets these desires by combining key business features with unique benefits, in turn, providing small businesses with a more relevant and compelling way to pay."

The Chase Contractor Cash Rewards Card benefits include accelerated rewards and more time to pay on eligible construction purchases and is not confined to particular merchants, as with some branded cards. As an added benefit, cardmembers receive 60-day interest free, same-as-cash financing for construction material purchases of $1,000 or more - giving contractors the flexibility to manage working capital needs and adjust to when they receive payment from customers.

Sweetening the deal is the strong rewards program, which provides 2 percent cash back on all construction material purchases up to $20,000 per month and 1 percent cash back on all other purchases.

Customers interested in the Chase Contractor Cash Rewards Visa Signature Business Card can apply for and learn more about the card by visiting www.chase.com/contractorcard or calling 1-888-428-2273.

About JPMorgan Chase & Co.

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.3 trillion and operations in more than 50 countries. The company has more than 140 million credit cards issued. Under the JPMorgan and Chase brands, the firm serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients. Information about the firm is available at www.jpmorganchase.com.