MINNEAPOLIS & MIAMI, Jun 30, 2010 (BUSINESS WIRE) --
U.S. Bank and LAN Airlines have partnered to introduce the LANPASS Visa(R)
Credit Card, giving LAN Airlines and its affiliates' customers a new way
to earn travel rewards with card purchases. Cardmembers can use their
LANPASS Visa(R) Card or LANPASS Visa(R) Signature Card to earn miles for
travel to more than 70 destinations worldwide on Latin America's leading
airlines. LAN and its affiliates offer flights from its U.S. gateways --
New York, Los Angeles and Miami, and as of July 1 San Francisco -- to
every major city in South America, including more than 30 destinations
in Chile, Peru, Argentina and Ecuador.
"LAN Airlines has established an extremely successful customer loyalty
program with LANPASS," said John Owens, senior vice president of U.S.
Bank Retail Payment Solutions. "Drawing on our industry experience as a
credit card issuer for a number of frequent flyer programs, we worked
with LAN to create the new LANPASS Visa Card as a way to enhance the
LANPASS loyalty program and give LAN customers even more opportunities
for travel rewards."
"We are dedicated to providing our customers with products and services
that meet their needs, and by partnering with U.S. Bank for the LANPASS
Visa Credit Card, we are giving customers in the United States a new way
to earn travel rewards," said Pablo Yunis, vice president, North America
and the Caribbean for LAN Airlines.
LANPASS Visa cardmembers receive one LANPASS mile for every dollar they
spend on their card, with no cap on miles earned. Cardmembers also
receive an annual discount of 10 to 20 percent for the first LAN ticket
they purchase each year using their card. New LANPASS Visa cardmembers
can accelerate their award travel earnings with up to 20,000 bonus miles
the first time they use their card. LANPASS Visa Signature cardmembers
also receive double miles on LAN ticket purchases and a 25 percent
mileage bonus on all LAN flights. For more information or to apply for
the LANPASS Visa, visit www.lanpassvisa.com/news.
U.S. Bank has issued consumer, business and corporate cards for decades
and has long supported the airline industry, largely as a frequent flyer
program card issuer. The company also provides card processing services
for more than 80 airlines globally, and supports corporate and private
aircraft fleets with the U.S. Bank Multi Service Aviation Card, accepted
worldwide by more than 7,000 aviation service providers in over 190
U.S. Bank Retail Payment Solutions (RPS) is one of the nation's leading
payment processing and full-service issuing providers. 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.
LAN Airlines is one of the leading passenger and cargo airlines in Latin
America. The company and its affiliates serve over 70 destinations
around the world through an extensive network that offers full
connectivity within Latin America, while also linking the region with
North America, Europe and the South Pacific, as well as 700 additional
international destinations through its various alliances. LAN Airlines
and its affiliates have a leading position in their respective domestic
markets of Chile and Peru as well as an important presence in the
Argentinean domestic market and Ecuador.
Currently, LAN Airlines and its affiliates operate one of the most
modern fleets in the world, with 86 passenger aircraft, and its cargo
subsidiary, LAN CARGO and its respective cargo affiliates, have a fleet
of 11 freighters. The company recently completed its short haul fleet
renovation process by acquiring new aircraft from the Airbus A320
family, enabling LAN to improve its efficiency and to reduce
significantly its CO2 emissions. The fleet renovation is part of the
company's commitment to the protection of the environment.
LAN is one of the few Investment Grade airlines in the world (BBB). The
company's world class quality standards enabled its membership in
oneworld(TM), the global alliance that encompasses the best airlines in the
world. For more information please visit www.lan.com
About U.S. Bancorp
U.S. Bancorp (NYSE: USB), with $282 billion in assets as of March 31,
2010, is the parent company of U.S. Bank, the fifth largest commercial
bank in the United States. The company operates 3,025 banking offices in
24 states and 5,312 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 www.usbank.com.
SOURCE: U.S. Bank
Teri Charest, U.S. Bank Media Relations, 612-303-0732
Megan Kat, 786-265-6333