Universal Entertainment MasterCard from Chase Offers First-to-Market Instant Credit Card...

Business Editors

NEW YORK & UNIVERSAL CITY, Calif.--(BUSINESS WIRE)--April 22, 2004

Chase's New Patent-Pending Technology Provides

Instant MasterCard Credit Card

Setting a precedent in the credit card industry, Chase and Universal Studios today launched

a new Instant Credit Card Issuance Program for the Universal Entertainment MasterCard(R) from Chase. The program allows for both instant credit decisions and immediate issuance of a ready-to-use, general purpose MasterCard credit card. Through this, approved consumers are granted instant access to their credit line and can use their new card everywhere MasterCard is accepted.

"This is a great opportunity to use our expertise in instant credit card issuance to provide cardmembers with immediate access to the benefits of the Universal Entertainment MasterCard from Chase right in Universal theme parks," said Faye B. Evans, Senior Vice President of Strategic Partnerships and Rewards Programs for Chase credit card business.

"We applaud Chase for developing a singular technology that empowers consumers' entertainment experiences as never before," said Stephanie Sperber, Senior Vice President, Universal Partnership Development. "We are proud this precedent-setting program is premiering at Universal theme parks."

Chase's new patent-pending Instant Card Issuance Program is debuting at Universal Studios Hollywood today and will roll out at Universal Orlando(R) Resort's two theme parks, Universal Studios Florida and Universal's Islands of Adventure, later this quarter.

Typically, when a consumer applies for a new credit card, the process for actually receiving the card can take weeks. Now, with technology developed exclusively by Chase, consumers can apply for and receive a new credit card at the parks. Once approved, cardmembers receive a MasterCard that can be used immediately to make purchases, earn rewards and save money with discounts. This advanced system will completely replace the previous temporary internal theme park card.

With the Universal Entertainment MasterCard from Chase, cardmembers earn one point per dollar on all everyday purchases and two points per dollar spent at select Universal Parks & Resorts retail locations, in addition to receiving discounts at many theme park merchandise stores. Points can be redeemed for movie and concert tickets, DVDs, CDs, theme park vacations and more. In addition, cardmembers can redeem reward points for unique Hollywood insider rewards such as walking the red carpet at a movie premiere and attending the exclusive after-party, or obtaining one-of-a-kind movie props in the Universal Entertainment online auctions.