WILMINGTON, Del. May 2, 2006 BP North America [NYSE: BP] and Chase [NYSE: JPM] announced today the launch of the new BP Visa Card, just in time for summer travelers to earn more rebates on gasoline, travel and dining purchases.
The new BP Visa Card offers a five percent rebate on BP purchases including gas, convenience store items and car washes. Additionally, cardmembers can earn two percent rebates on most travel and dining purchases as well as one percent on virtually all other card purchases.
Cardmembers who apply during May and June will receive double rebates for the first 60 days after the account is opened. The BP Visa Card has no annual fee and a competitive introductory APR.
Every time cardmembers accumulate at least $25 in rebates, they can redeem them for cash, a BP Gift Card or a donation to The Conservation Fund - the nation's top-rated environmental charity.
Cardmembers can redeem their rebates by visiting www.choosemyrewards.com or by calling 800-BPVISA-1.
"BP is proud to partner with Chase to offer such a generous rewards program to loyal BP customers."said David VanWiggeren, card marketing manager, BP North America. "In addition to earning higher rebates, cardmembers can choose the redemption option that is most convenient and relevant for them."
"We're excited to offer a product that gives great value back to our customers," said Donna Barrett, executive vice president, Chase Card Services. "Cardmembers will find that by using the new BP Visa Card, they can quickly earn significant rebates on virtually all of their daily purchases and redeem those rebates in a way best suited for them, whether for summer travel or to make a donation to worthy environmental cause. This product is about value and flexibility."
For more information, call 1-877-BPVISA-9 or visit www.bpchase.com
About BP North America
BP (NYSE: BP) markets more than 15 billion gallons of gasoline every year to US consumers through 13,000 retail outlets. BP is the single, global brand formed by the combination of the former British Petroleum, Amoco Corporation, Atlantic Richfield (ARCO) and Burmah Castrol.
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 100 million credit cards issued. Under the JPMorgan and Chase brands, the firm serves millions of consumers in the United States and Canada and many of the world's most prominent corporate, institutional and government clients. Information about the firm is available at www.jpmorganchase.com.