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UNOCAL SPONSORS VALUE-ADDED, NO ANNUAL FEE, VISA AND MASTERCARD

 LOS ANGELES, Oct. 6 /PRNewswire/ -- Unocal Corp. today announced the introduction of new value-added Unocal 76 MasterCard and Visa credit cards that will give customers a flat 1 percent rebate on all purchases. The rebate will be given as a credit on the monthly statement against purchases from Unocal 76 branded service stations.
 The introduction of the Unocal 76 MasterCard and Visa credit cards marks the first time value-added credit cards have been sponsored by a West Coast gasoline marketer. In addition to the rebate features, the cards will have no annual fee, a variable annual percentage rate, and a 7.6 percent introductory rate during the first six months.
 "Offering the new Unocal 76 co-branded credit cards is an important step in attracting and retaining a loyal customer base for the company," said Neal E. Schmale, Unocal senior vice president and president, Unocal Petroleum Products & Chemicals Division. "The new cards will make the use of credit easier and more rewarding for Unocal customers by effectively reducing the cost of gasoline purchases."
 The new cards will be issued by Associates National Bank (Delaware), an affiliate of Associates Corporation of North America. The Associates is part of the Financial Services Group of Ford Motor Co.
 The new credit card will be offered to 1.5 million holders of Unocal's existing private label credit card in California, Hawaii, Nevada, Arizona, Oregon, Washington, Alaska and the 12 Midwestern states served by The UNO-VEN Company, a Unocal-PDVSA joint venture. Unocal will continue to offer its existing private label Unocal 76 credit card.
 Customers using the new cards will receive a set of five, $1-off coupons. Each coupon can be used towards a minimum 8-gallon purchase per visit at a Unocal 76 service station when the customer uses the Unocal 76 MasterCard or Visa credit card.
 A direct mail campaign to qualifying Unocal 76 credit card holders will begin in mid-October. Applications will also be available at Unocal 76 service stations.
 -0- 10/6/93
 /CONTACT: Barry Lane, 213-977-7601/


CO: Unocal Corp. ST: California IN: OIL FIN SU:

JB-EH -- LA009 -- 9343 10/06/93 12:34 EDT
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Publication:PR Newswire
Date:Oct 6, 1993
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