VIP Bank One Release


For Further Information Contact:
Mary Stark-Hood, 312/329-8374
mstarkhood@realtors.org

Kelly Herget, 312/329-8543
kherget@realtors.org

Juliette Ballak, 302/282-1696
juliette_ballak@bankone.com



New REALTOR® Platinum Visa® Cardmembers Receive $64 Credit From the REALTOR VIP® Program and REALTOR VIP® Partner Bank One

CHICAGO (April 20, 2004) – The National Association of Realtors® REALTOR VIP® Alliance Program and REALTOR VIP® Program partner, Bank One, today announced that they are giving new REALTOR® Platinum Visa® cardmembers a $64 credit on their first statement.

New REALTOR® Platinum Visa® cardmembers who apply for the card via
www.bankone.com/realtor or 866-VISA-NAR and are approved will receive an automatic $64 credit on their statement after their first card purchase.

Bob Goldberg, NAR senior vice president of marketing and business development and head of the REALTOR VIP® program, said, “NAR is pleased to extend such an unprecedented offering to its members. The $64 credit, which is equivalent to one full year of NAR membership dues, gives members who take advantage of the offer a tangible benefit and a clear representation of the value that the REALTOR VIP® Program brings to them. It also shows members how large corporations like REALTOR VIP® partner, Bank One, value their relationships with the largest trade association in the world.”

In addition to the $64 automatic credit offer, a new optional Flexible Rewards Program is now available. NAR members can earn points for each dollar spent on purchases and can redeem those points for their choice of travel, cash, merchandise or gift certificates. REALTOR® Platinum Visa® cardmembers can take advantage of the program for a $59 yearly program fee.

“This is another example of the innovation and value we create by partnering with America’s best brands and organizations,” said Tom Kerwin, executive vice president of relationship management for Bank One’s card services division. “This compelling value proposition not only adds value to NAR and its members, but also enables Bank One to build upon its loyal cardmember base.”

Three new card designs are also being introduced. Members can now choose from the REALTOR ‘R’ card, the ‘Sold Sign’ card and the REBAC card.

Bank One Corporation is the nation’s sixth-largest bank holding company, with assets of more than $325 billion. Bank One currently has more than 50 million credit cards issued, making it the largest Visa card issuer in the world. Bank One offers a full range of financial services to large corporate and middle market commercial customers and retail consumers. Additional information can be found on the Web at www.bankone.com.

NAR members enjoy the benefits of NAR’s REALTOR VIP® Program, which is designed to help REALTORS® gain the advantages of group buying power, plan for the future, and expand their professional knowledge through its more than 50 publications and educational offerings. The more than 30 REALTOR VIP® strategic alliance partners, which make up the program, are leaders in their industries and committed to providing NAR members with special offerings tailored to their needs.

THE NATIONAL ASSOCIATION OF REALTORS®, “The Voice for Real Estate,” is America’s largest trade association, representing more than 1,000,000 members involved in all aspects of the residential and commercial real estate industries.