Chase Rewards Home Equity Borrowers with Delta SkyMiles; Members Can N

    Business Editors

    CHICAGO--(BUSINESS WIRE)--March 11, 2005--Chase, the nation's leading home equity lender, announced a partnership with Delta Air Lines (NYSE:DAL) to offer up to 25,000 miles to Delta SkyMiles(R) members by opening and using a home equity loan or line of credit.
    "The partnership with Delta Air Lines provides a unique opportunity for Chase to market to a highly-desirable consumer, who can get both a great financial product and miles on their preferred airline," said Patrick Conner, head of Partnership Marketing for Chase Home Finance.
    "We're excited about working with Chase to expand our mileage-earning opportunities for our members," said Jeff Robertson, managing director of the SkyMiles program. "SkyMiles program members can now take advantage of secure and reputable lending while also earning large amounts of miles."
    SkyMiles program members can earn 3,500 miles for each $10,000 borrowed, with a maximum of 25,000 miles, when opening a home equity loan or line of credit at any of 2,500 Chase or Bank One branches, online at www.delta.chase.com or by calling 1-888-465-1317. The bonus miles will be deposited in the SkyMiles program member's account six to eight weeks after the account is funded. All SkyMiles program rules and conditions apply. To become a SkyMiles program member, visit delta.com/enroll or call 800-221-1212.
    Chase is part of JPMorgan Chase & Co. (NYSE:JPM), a leading global financial services firm with assets of $1.1 trillion and operations in more than 50 countries. A component of the Dow Jones Industrial Average, JPMorgan Chase has its corporate headquarters in New York and its U.S. retail financial services and commercial banking headquarters in Chicago. Under the Chase and Bank One brands, the firm serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients. More information can be found at www.chase.com.

    Delta SkyMiles program members earn miles by flying Delta, Song, Delta Shuttle, Delta Connection, Delta AirElite and Delta's SkyTeam partners. The program offers additional mileage-building opportunities through SkyMiles partners such as the Delta SkyMiles Credit Card from American Express, SkyMilesShopping.com, participating hotels, car rental companies, telecommunication services, restaurants, floral and gift retailers and financial, mortgage and realty services.
    Delta Air Lines celebrated its 75th anniversary in 2004. Delta is the world's second-largest airline in terms of passengers carried and the leading U.S. carrier across the Atlantic, offering daily flights to 487 destinations in 88 countries on Delta, Song, Delta Shuttle, the Delta Connection carriers and its worldwide partners. Delta's marketing alliances allow customers to earn and redeem frequent flier miles on more than 14,000 flights offered by SkyTeam and other partners. Delta is a founding member of SkyTeam, a global airline alliance that provides customers with extensive worldwide destinations, flights and services. For more information, please visit delta.com.

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CONTACT: Jackson Spalding April Jordin, 404-287-8069 Stephanie Fitzsimmons, 404-724-2509 or JPMorgan Chase & Co. Mary Jane Rogers, 602-221-4878

KEYWORD: ILLINOIS INDUSTRY KEYWORD: BANKING AIRLINES TRANSPORTATION SOURCE: Chase

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