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NATIONSBANK TO ISSUE OLYMPIC VISA CREDIT CARD

 CHARLOTTE, N.C., Feb. 8 /PRNewswire/ -- NationsBank (NYSE: NB), the exclusive commercial bank sponsor of the 1996 Centennial Olympic Games in Atlanta, announced today that it will issue an Olympic VISA credit card.
 As NationsBank Olympic VISA cardholders use their special cards for goods and services, they can participate in a variety of Olympic promotions.
 Customers who already have a NationsBank VISA card will enroll themselves in a series of Olympics promotions automatically by using their existing cards. More details on the start of the promotions will be released later this year.
 All NationsBank VISA cardholders also will be eligible to participate in VISA's upcoming Olympic fund-raising programs in which a percentage of each card purchase will be contributed directly to the U.S. Olympic teams.
 "We at NationsBank are excited that we can enhance our already extensive Olympics involvement with this new Olympics VISA credit card," said Eileen M. Friars, president of NationsBank Card Services. "This new credit card is another example of how we continually search for ways to provide more value to our credit card customers."
 VISA announced today that it has agreed to become a worldwide sponsor of the 1994-1996 Olympics.
 "We are delighted that a financial institution such as NationsBank has decided to share the excitement of the Olympics with its many current and future cardholders through Visa's Olympic Card Program," said John Bennett, senior vice president for Visa U.S.A. "The NationsBank Olympic Card will no doubt be a great success in terms of gaining new cardholders and enhancing the bank's relationships with existing cardholders."
 "VISA has a long and distinguished history of Olympic sponsorship and NationsBank takes great pride in being part of the Olympic family of sponsors with them," said Brad C. Iversen, NationsBank director of marketing. "We were the first Atlanta Centennial Olympic Games partner when we signed on in March 1992, and we are pleased to see other organizations coming aboard."
 The NationsBank Olympic VISA card will carry the 1996 Olympic logo and will feature the same competitive pricing as the existing NationsBank VISA cards. These features include both variable and fixed rate options and availability as a VISA Classic Card, VISA Gold Card and VISA Business Card.
 Friars said more details on the NationsBank Olympic VISA Card -- including the timing of its issue date, availability to new customers and details on other Olympic promotions -- will be announced later this year.
 The NationsBank credit card operation ranks eighth in the country with $4.4 billion in outstandings.
 NationsBank Corporation is the nation's fourth largest banking institution with $118.1 billion in assets and full-service offices in nine states and the District of Columbia.
 A worldwide Olympic sponsor since 1986, Visa is the world's largest consumer card payment system with more than 296 million cards issued, including 146 million in the United States.
 -0- 2/8/93
 /CONTACT: Lynn Drury, Corporate Public Relations, NationsBank Corporation, 704-386-8153, or (home) 704-544-0510/
 (NB)


CO: NationsBank Corporation ST: North Carolina IN: FIN SU: PDT

DF-MM -- CH008 -- 4142 02/08/93 13:09 EST
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Publication:PR Newswire
Date:Feb 8, 1993
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