Get FREE "Priority Pass" Lounge Access with this Visa from UNFCU

Question
Surfing the web, I ran across this... Anybody have more details?
http://www.unfcu.org/vp/travel.asp
UN Card from United Nations Federal Credit Union has a Platinum Visa with $50 annual fee (8.9% variable interest rate, 25 day grace period.. $75k/annual income needed to qualify).
The interesting part is this:
Worldwide VIP Airport Lounge Access via Priority Pass™
Purchase an airline ticket with your UNFCU VISA Platinum Access Credit Card and enjoy the comfort and convenience of more than 300 lounges located worldwide-from Budapest to Buenos Aires, from Osaka to Orlando-all of which are included in your membership.
Upon VISA Platinum Access approval, you will receive a Priority Pass™ card and a lounge directory with Conditions of Use disclosure in the mail within two weeks. Priority Pass cards allow for access to over 300 VIP lounges worldwide. UNFCU will pay for up to four (4) free VIP lounge visits per year per VISA Platinum Access account when you purchase your airline ticket(s) with your VISA Platinum Access credit card. The current Priority Pass lounge visit fee is US $24 per person.
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