Chase, United Airlines Introduce United Travel Card - Cardmembers Can Fly Now, Pay Later

New card offers promotional financing for qualified travel purchased through United

Wilmington, Del. and CHICAGO – Aug. 2, 2006 – Just in time for the summer and fall travel season, Chase [NYSE: JPM] and United today introduced the new United Travel Card, a private-label credit card program that provides eligible cardmembers with promotional financing for qualified travel purchased through United.

When cardmembers use the United Travel Card to purchase qualified flights, vacations, upgrades, Red Carpet Club membership, and other United travel totaling $199 or more on united.com by phone or at the airport, they receive 90-day same-as-cash financing. During that promotional 90-day period, cardmembers are not required to make any payments and do not pay interest.*

“When cardmembers use the convenient United Travel Card, they can more affordably travel to the places they need and want to visit,” said Joe Venuti, senior vice president, Chase Card Services. “By partnering with United to offer consumers special promotional financing, we are making it easier to fly.”

By using the new United Travel Card, our frequent fliers will enjoy the pleasure of traveling now while having up to 90 days to pay without any finance charges,“ said David Keenan, managing director-Partnership Marketing, United. ”By providing our frequent fliers with a new choice for purchasing travel, we are enhancing the value of our Mileage Plus program"

The United Travel Card has no annual fee. Mileage Plus members can apply for the card on united.com – and, if approved, receive instant credit. For added convenience, approved accounts are instantly updated into their Mileage Plus member profile to accommodate purchases immediately.

To learn more about the United Travel Card and to see complete terms and conditions, visit united.com/travelcard. Additional terms apply.

About United

United Airlines (NASDAQ: UAUA) is the world’s second largest airline operating more than 3,700 flights a day on United, United Express and Ted to more than 210 U.S. domestic and international destinations from its hubs in Los Angeles, San Francisco, Denver, Chicago and Washington, D.C. With key global air rights in the Asia-Pacific region, Europe and Latin America, United is one of the largest international carriers based in the United States. United is also a founding member of Star Alliance, which provides connections for our customers to 842 destinations in 152 countries worldwide. United’s 57,000 employees reside in every U.S. state and in many countries around the world. News releases and other information about United can be found at the company’s Web site at united.com.

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.

* Subject to credit approval. This promotional offer allows you to make qualifying purchases of $199 or more from www.united.com with your United Travel CardSM with no interest if you pay off the qualifying purchase within 90 days (“Special Purchase”). If you do not pay off the Special Purchase within 90 days, then deferred finance charges accrued on the Special Purchase balance from the date of purchase calculated at the Deferred/Accumulated Finance Charge Rate listed in your Credit Card Agreement will be assessed. If you default as described in the Credit Card Agreement the promotional terms will end. The United Travel CardSM is not a rewards card. Minimum payments may be required on other account balances. For complete details on rates, fees and costs see the Credit Card Agreement and other disclosures associated with this credit application.

Contact Information

Jessica Iben

Credit Card Services

JPMorgan Chase & Co.

Contact via E-mail