Best Buy Canada and Future Shop Partner with Chase Canada to Launch Private
Label Credit Cards

New Cards Include Exclusive Offers on Consumer Electronics

TORONTO , ON and BURNABY, BC, Nov. 16 /CNW/ - Best Buy Canada and Future Shop, Canada's number one and number two specialty retailers and e-tailers of consumer electronics, and Chase Card Services Canada , of JPMorgan Chase & Co. (NYSE: JPM), today announce the official launch of the Best Buy and Future Shop Private Label credit cards. One year after Chase and Best Buy's partnership began with the launch of the Best Buy Reward Zone(TM) Visa(R) card, Best Buy and Future Shop are extending their relationship with Chase to offer customers private label cards that deliver special financing offers.

"I see this new partnership with Chase as proof of Best Buy Canada's commitment to offering our customers premier service," said Mike Pratt , president and COO, Best Buy Canada . "Chase's reputation and history of customer care speaks for itself, and makes them ideally suited to support our customers this holiday season and into the future."

"I am very pleased to be deepening our partnership with Chase," said Philippe Arrata, vice president, Financial Services, Best Buy Canada . "At Best Buy Canada , we remain committed to offering all our customers affordable payment options, and we are confident that Chase can help us meet that commitment across the country."

"The Best Buy and Future Shop Private Label cards represent Chase's commitment to building partnership with customer-centric brands in the market and providing Canadians with credit card products that meet their needs," said Andrew Pilkington , president and CEO, Chase Card Services Canada . "We are proud to offer our Canadian customers more opportunities for flexible financial planning."

With more than 200 stores across Canada , Best Buy and Future Shop are two of the nation's top retailers. The Best Buy and Future Shop Private Label Cards will offer opportunities for Canadians to get extended financing terms, invitations to exclusive shopping events and special financing offers throughout the year.

For information about the Best Buy Private Label Card and Future Shop Private Label Card from Chase or to enroll, visit your nearest Best Buy or Future Shop store.

About Best Buy

Best Buy stores in Canada are a division of Burnaby, BC-based Best Buy Canada Ltd., a wholly owned subsidiary of Best Buy Co., Inc. (NYSE:BBY). Best Buy is Canada's fastest-growing retailer and e-tailer (www.BestBuy.ca) of consumer electronics, computers and entertainment products and also operates Geek Squad (www.GeekSquad.ca), a technology service provider specializing in computer support, home theatre installation and car electronics installation. There are more than 60 Best Buy stores in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec and Nova Scotia. Best Buy offers consumers a unique shopping experience with the latest technology and entertainment products, at the right price, with a no-pressure (non-commissioned) sales environment. The Company is committed to kids and its local communities and has a comprehensive community relations program described at www.BestBuy.ca/community. For more information about Best Buy, including store locations, visit www.bestbuy.ca

About Future Shop

With 142 stores across the country and the nation's premier web store (www.futureshop.ca), Burnaby, BC-based Future Shop is Canada's largest retailer and e-tailer of consumer electronics. The company employs more than 10,000 technology enthusiasts, has enabled its website to deliver unparalleled content about the products it sells and hosts an online community forum for technology beginners and tech-savvy experts to exchange ideas, reviews, tips and other consumer electronics information (www.futureshopforums.ca). As a proud corporate citizen, Future Shop has developed solutions to recycle used electronics (see www.futureshop.ca/green) and is committed to employee volunteerism and supporting non-profit organizations dedicated to transforming local youth into Future Leaders (see www.futureshop.ca/community and www.futureshop.ca/futuregeneration).

About Chase Canada

Since 1965, JPMorgan Chase has provided Corporate and Investment Banking products and services to the Canadian market under the JPMorgan brand. In 2005, the company expanded and became the credit card issuer of the Sears MasterCard and Sears Card in Canada . Now, the company also offers the Marriott Rewards Platinum Visa Card, the Chase Gold MasterCard and the Canadian Cancer Society MasterCard under the Chase brand. JPMorgan Chase employs more than 1,600 Canadians in its Canadian offices.

For further information: Chase Card Services, Tanya Madison, 1-800-955-8010, press 1, then ext. 25547, [email protected]; Best Buy Canada Ltd, Christopher Ian Bennett, Director of Communications, [phone], [email protected]