VIP Lounge Wristband

VIP Lounge Wristband is a mission item that allows access to the VIP lounge on Vaiken Spacedock for Imperial players and Carrick Station for Republic players. While the item shows up in the Mission Items tab of a player's inventory, it is not involved in any missions.

Source
VIP Lounge Wristband is mailed to characters who have purchased the Collector's Edition or Digital Deluxe edition of Star Wars: The Old Republic. It can also be purchased for credit 1,000,000 from cantina vendors on the Imperial and Republic Fleets.