New Virgin Credit Card Can Take You to Space!

SOUTH NORWALK, Conn., June 12 /PRNewswire/ -- Virgin Atlantic Airways,
one of the leading long-haul airlines, today launched a new credit card,
the Virgin Atlantic American Express Card(R) from Bank of America, which
not only enables Cardmembers to earn 3 miles for every $1 spent on Virgin
Atlantic purchases -- one of the most rewarding major international airline
Credit Cards in the market today -- but also offers Cardmembers the
opportunity to redeem points for exclusive rewards such as a trip into
space.

Chris Rossi, Senior Vice President of North America, Virgin Atlantic,
stated, "The new Virgin Atlantic Card offers a way to earn Flying Club
miles, can get you into space and earns access to the award-winning Virgin
Atlantic products and services both in the air and on the ground. This
hat-trick of generous miles and benefits is like no other."

There are two versions of the new Virgin Atlantic American Express
Card(R) by Bank of America -- black and white. The Virgin Atlantic White
Card, which has a lower fee, offers one mile for every dollar in purchases.
The Virgin Atlantic Black Card enables Cardmembers to earn more miles by
offering 1.5 miles per dollar spent in purchases and more opportunities to
earn bonus miles.


Competitive Benefits and Features of Virgin Atlantic Black Card:

-- Fly more with Virgin Atlantic? Earn 3 Flying Club miles for every
dollar spent on purchases directly with Virgin Atlantic
-- Enjoy your morning cup of coffee? Earn 1.5 miles for every dollar spent
on everyday purchases
-- Bonus miles, you ask? Earn 20,000 bonus miles after first purchase,
plus up to 15,000 annual bonus miles when you spend $25,000 and up to
5,000 bonus miles for additional cards
-- Interested in Virgin Atlantic Flying Club Gold Member status? Earn one
tier point for every $2,500 in purchases and additional tier points
when flying Virgin Atlantic toward Flying Club status
-- Hop the pond in style? Earn 10 percent off published Virgin Atlantic
Premium Economy fares through December 31, 2008
-- Want more? Earn exclusive travel and lifestyle offers from
participating American Express merchants
-- Want even more? Earn VIP access to dining, hotels and events through
personal Bank of America concierge service

Cardmember rewards include travel on Virgin Atlantic or one of our 14
airline partners that fly from and around the USA, cabin upgrades, car
rentals, hotels, or a trip into space on Virgin Galactic. In fact, from now
through the end of January 2009, for every $10,000 a Cardmember spends, he
or she is automatically entered for a chance to win a trip into space on
Virgin Galactic -- without cashing in any of their miles.

"The Virgin Atlantic American Express Card(R) from Bank of America
offers one of the richest rewards platforms in the U.S., with the
exceptional benefits and services customers have come to expect from these
three leading companies," said Janey Whiteside, Vice President and Group
General Manager, American Express Global Network Services. "By combining
Virgin Atlantic's superior onboard experience and amenities, Bank of
America's commitment to outstanding customer service, and the premium value
of American Express and its world-renowned travel services, we're
delivering a best in class product that's a first in this market."

James Sebo, Senior Vice President, Bank of America Card Services,
stated, "The Virgin Atlantic American Express Card(R) from Bank of America
combines the unique innovations of Virgin Atlantic Airways with the rich
American Express global presence and reputation for outstanding Cardmember
benefits."


Feel the Earn:
The Virgin Atlantic American Express Card(R) from Bank of America is now
available at: http://www.virginatlantic.com/plastic

About Virgin Atlantic Airways

Virgin Atlantic is one of the world's leading long-haul airlines,
currently operating over 240 flights a week from Heathrow to a range of
long-haul destinations worldwide. Founded in 1984, Virgin Atlantic Airways
now offers service from 10 U.S. cities to London. The airline operates long
haul services to 30 destinations worldwide from its main base in London
Heathrow and Gatwick with service as far apart as Las Vegas, Tokyo, Delhi,
Boston and Shanghai, with recent growth to Nairobi and Chicago. There are
38 aircraft in the Virgin Atlantic fleet, comprising 747-400s, A346 and
A343. Sir Richard Branson is the President of Virgin Atlantic; Steve
Ridgway is the Chief Executive. In 2007, Virgin Atlantic carried around 6
million passengers, and even with Virgin Atlantic's continued growth, the
service still remains customer driven with an emphasis on value for money,
quality, fun and innovation, ensuring flying Virgin Atlantic is always an
event.

About Bank of America

Bank of America is one of the world's largest financial institutions,
serving individual consumers, small and middle market businesses and large
corporations with a full range of banking, investing, asset management and
other financial and risk-management products and services. The company
provides unmatched convenience in the United States, serving more than 59
million consumer and small business relationships with more than 6,100
retail banking offices, nearly 18,500 ATMs and award-winning online banking
with nearly 25 million active users. Bank of America is the No. 1 overall
Small Business Administration (SBA) lender in the United States and the No.
1 SBA lender to minority-owned small businesses. The company serves clients
in more than 150 countries and has relationships with 99 percent of the
U.S. Fortune 500 companies and 83 percent of the Fortune Global 500. Bank
of America Corporation stock (NYSE: BAC) is a component of the Dow Jones
Industrial Average and is listed on the New York Stock Exchange.

About American Express

American Express Company is a diversified worldwide travel, financial
and network services company, founded in 1850. It is a world leader in
charge and credit cards, Travelers Cheques, travel, and business services.
Since 1996 American Express has been aggressively pursuing a strategy of
opening its merchant network and card product portfolio to third party
issuers around the world. By leveraging its global infrastructure and the
powerful appeal of the brand, American Express has gained even broader
reach for its network worldwide. American Express has now established more
than 115 card-issuing partnership arrangements in 125 markets.