Circuit City, Chase to Launch Rewards Credit Card

Instant Credit Available to Consumers at More

Than 600 Circuit City Stores Nationwide

Oct 05, 2004, 01:00 ET from Circuit City Stores, Inc.

    RICHMOND, Va., Oct. 5 /PRNewswire-FirstCall/ -- Today, Circuit City
 Stores, Inc. (NYSE:   CC) and Chase (NYSE:   JPM) introduced the new Circuit City
 Rewards Visa* Card, which gives shoppers an opportunity to earn rewards
 towards Circuit City purchases.
     Cardmembers will earn reward points totaling five percent on all card
 purchases made at any Circuit City store or online at,
 excluding items purchased with special financing offers or gift card
 purchases.  In addition, cardmembers will earn one percent on card purchases
 made anywhere else Visa credit cards are accepted.
     Rewards points will be automatically credited to cardmembers' accounts,
 giving cardmembers the flexibility to choose to redeem their rewards with as
 few as 500 points, which is valued as a $5 reward certificate, or save them
 for future purchases at Circuit City.  Soon, cardmembers may view reward point
 balances and redeem points at or by calling
     "The Circuit City Rewards Visa Card is a great way to create a rewards
 program that is loyal to our customers," said W. Alan McCollough, chairman,
 president and chief executive officer of Circuit City.  "One of the key
 benefits of this program is that it offers Circuit City customers a choice
 when making purchases at our stores.  They can opt to earn rewards for their
 purchases or take advantage of special promotional financing we offer on
     In addition, consumers may apply for the card and receive instant credit
 in Circuit City stores nationwide.
     "Circuit City customers now have a choice to earn and redeem rewards or
 take advantage of no interest promotional offers at one of America's leading
 electronics retailers," said Daniel P. Tierney, senior director at JPMorgan
 Chase & Co.'s card services' division.  "With the Circuit City Rewards Visa
 Card, consumers can take advantage of the rewards program and redeem their
 points for great merchandise."
     The Circuit City Rewards Visa Card also features a competitive interest
 rate and no annual fees.  Customers who do not qualify for a Circuit City
 Rewards Visa card may qualify for a Circuit City private-label card, which
 offers the same rewards program.
     Circuit City stores will continue to accept existing Circuit City cards
 and Circuit City Plus Visa cards.  Eligible consumers can choose to upgrade
 their existing Circuit City Plus Visa card to a Circuit City Rewards Visa Card
 or the Circuit City Rewards Card by visiting any Circuit City location.
     About Circuit City Stores, Inc.
     Richmond, Va.-based Circuit City Stores (NYSE:   CC) is a leading specialty
 retailer of consumer electronics.  Circuit City operates 613 Superstores and
 five mall-based stores in 159 U.S. markets.  Its international segment
 operates through more than 1,000 retail stores and dealer outlets in Canada.
 Circuit City also operates a Web site at
     (Logo: )
     About JPMorgan Chase & Co.
     JPMorgan Chase & Co. (NYSE:   JPM) is a leading global financial services
 firm with assets of $1.1 trillion and operations in more than 50 countries.
 The company has approximately 96 million credit cards issued.  Under the
 JPMorgan, 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.  Information about the firm is available
     * Visa and the Visa logo are registered trademarks of Visa U.S.A.

SOURCE Circuit City Stores, Inc.