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U.S. Bank's FlexPerks Visa Triples Rewards for Charitable Giving

MINNEAPOLIS, Oct 06, 2010 (BUSINESS WIRE) --

U.S. Bank is rewarding its FlexPerks cardholders for their charitable giving efforts, offering triple FlexPoints for donations cardholders make with their FlexPerks Travel Rewards or FlexPerks Select Rewards credit card. Cardholders can receive triple FlexPoints for donations to over 25,000 eligible 501(c)(3) nonprofit organizations.

"In today's challenging economy, supporting the communities where we live and work is more important than ever," said Cliff Cook, chief marketing officer for U.S. Bank Retail Payment Solutions. "We're excited to see how our customers respond to this unique opportunity to be rewarded for their philanthropic efforts."

In addition to rewarding cardholders for their charitable giving, U.S. Bancorp strengthens communities through a number of its own philanthropic initiatives. In 2009, the U.S. Bancorp Foundation contributed over $20.6 million in grants and employee matching gifts to organizations across the country. The company also contributed over $8.1 million in corporate contributions and nonprofit sponsorships in 2009.

Named the "Best Credit Card if You Want Travel Perks" by Kiplinger's Personal Finance magazine, the FlexPerks Travel Rewards Visa offers industry-leading value and innovation for customers who want travel rewards. In addition to travel, customers can earn cash back, merchandise, gift cards and statement credits with FlexPerks. Cardholders also enjoy the universal acceptance that is available to Visa card customers. To learn more about the full suite of U.S. Bank FlexPerks credit, debit and business products, go to www.usbank.com/flexperks, or visit any U.S. Bank branch office.

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.

U.S. Bancorp (NYSE: USB), with $283 billion in assets as of June 30, 2010, is the parent company of U.S. Bank, the fifth largest commercial bank in the United States. The company operates 3,002 banking offices in 24 states and 5,309 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

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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