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Southwest Airlines and Chase Card Services, a division of JPMorgan
Chase & Co. (NYSE:JPM), renewed their credit card agreement for the
Rapid Rewards Visa Signature(R) product line. In January 2007,
Southwest and Chase introduced the new Rapid Rewards Visa Signature(R)
and Visa(R) Business Card products.
"Southwest is excited to continue our valued relationship with
Chase Card Services," said Southwest Airlines Chief Executive Officer
Gary Kelly. "The new and enhanced Southwest Rapid Rewards Visa
Signature products offer Rapid Reward Members more opportunities to
receive Award travel faster and easier than ever before. We've chosen
to continue this association with Chase because of our long history
and mutual dedication to providing the best card value for our
Customers."
"Chase is pleased to renew our long-standing relationship with
Southwest Airlines, whose legendary spirit, coupled with great fares
and outstanding Customer service, help make the airline an industry
leader," said Rich Srednicki, Chief Executive Officer of Chase Card
Services. "We look forward to working together to bring Rapid Rewards
Visa Cardmembers the most innovative products and services for many
years to come."
New and Improved Rewards
The new products mark the 20th Anniversary of the airline's
frequent flyer program, Rapid Rewards, and the continuing,
long-standing relationship between Southwest Airlines and Chase. The
enhanced rewards program includes:
-- Eight Rapid Reward bonus credits (up from four Rapid Rewards
credits) after a Cardmember's first use of the card, plus up
to eight more (up from five credits) when making a balance
transfer within the first 90 days of opening an account;
-- Two Reward Dollars for every one dollar spent on Southwest
Airlines flight purchases and now on Southwest Airlines
Vacations package purchases;
-- Double Reward Dollars on Rapid Rewards Preferred Hotel and
Rental Car Partner purchases;
-- 1,200 Reward Dollars equals 1 Rapid Rewards credit, and it
only takes 16 credits to equal a free, fully transferrable
roundtrip Award;
-- Two Rapid Rewards credits every year on the Cardmember's
Anniversary;
-- Exclusive offers for Cardmembers who go to
www.chase.com/southwest and provide their e-mail address.
Applicants can go to southwest.com/visa to apply for the card and
start earning free roundtrip Awards faster than ever.
About Southwest Airlines
Southwest Airlines (NYSE:LUV), the nation's largest carrier in
terms of domestic passengers enplaned, currently serves 63 cities in
32 states. Based in Dallas, Southwest currently operates more than
3,300 flights a day and has more than 33,000 Employees systemwide.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE:JPM) is a leading global financial
services firm with assets of $1.4 trillion and operations in more than
50 countries. The company has more than 140 million credit cards
issued. Under the Chase and JPMorgan brands, the firm serves millions
of consumers in the United States and many of the world's most
prominent corporate, institutional and government clients. Information
about the firm is available at www.jpmorganchase.com.
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