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U.S. Bank Helps FlexPerks Visa Customers Offset New Airline Baggage Fees
MINNEAPOLIS, Jan 14, 2010 (BUSINESS WIRE) -- U.S. Bank will increase the allowance it provides to FlexPerks Travel Rewards Visa Signature card customers for airline fees in response to recent announcements that some airlines are raising baggage fees again.

Beginning January 20, when FlexPerks Travel Rewards cardholders redeem FlexPoints for an airline award ticket they will also get a $25 allowance for that trip to help pay for baggage, in-flight food and drink or other airline fees. The innovative benefit, which was previously set at $20, was designed to enhance the overall award travel experience and help drive home the notion that free award travel should actually be free.

U.S. Bank introduced FlexPerks in mid-2009 and in December was named the "Best Credit Card if You Want Travel Perks" by Kiplinger's Personal Finance. FlexPerks enables customers to quickly earn points toward free flights - which can be redeemed with as few as 20,000 FlexPointsSM for airline tickets valued up to $400 on over 150 airlines with no blackout dates, capacity controls or e-ticket booking fees. Cardholders earn one FlexPoint for each dollar spent, simply by using their FlexPerks Travel Rewards card. Double FlexPoints are earned automatically for gas, groceries or airline purchases - whichever is highest for the customer during the month.

U.S. Bank Retail Payment Solutions (RPS) is one of the nation's leading providers of payment processing, issuing and advisory services. RPS offers credit, debit, and prepaid payment solutions to consumers and small businesses through U.S. Bank and in partnership with financial institutions, businesses, governments and employers.

About U.S. Bancorp
Minneapolis-based U.S. Bancorp (NYSE: USB), with $265 billion in assets as of September 30, 2009, is the parent company of U.S. Bank National Association, the 6th largest commercial bank in the United States. The company operates 3,002 banking offices in 25 states and 5,170 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at usbank.com.

SOURCE: U.S. Bank

U.S. Bank Media Relations
Teri Charest, 612-303-0732
teri.charest@usbank.com

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S. Bancorp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.



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