(EMAILWIRE.COM, January 27, 2003 ) Chase put consumers in the driver's seat 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® and Visa® 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 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, 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 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, JPMorgan Chase is headquartered in New York and serves more than 30 million consumer customers and the world's most prominent corporate, institutional and government clients.

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Produced for JP Morgan Chase & Co.

CONTACT:
Kristen Batteria, 212.270.7433
kristen.batteria@jpmchase.com

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