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SKYPASS Visa Promotion Offers New Premium Card Members Special Incentives

LOS ANGELES--(BUSINESS WIRE)--Jul. 1, 2013-- U.S. Bank and Korean Air, issuers of the SKYPASS Visa® card, invite customers to apply for the mileage-earning credit card’s premium products with a special incentive of 20,000 Bonus Miles for new cardmembers who are approved for the SKYPASS Visa Signature card or SKYPASS Visa Business card.

“The summer holiday season is a perfect time for new card members to join the SKYPASS Visa family,” said John Jackson, vice president of Korean Air passenger marketing and sales for the Americas. “This promotion offers great incentives to customers with travel plans who will benefit from the added SKYPASS mileage earnings they accrue while using the cards for vacation purchases and business travel.”

The SKYPASS Visa card lets members earn miles on all card purchases, and the miles can be combined with SKYPASS flight miles and redeemed for award travel. New cardholders can redeem SKYPASS Bonus Miles for award travel and upgrades on Korean Air and SkyTeam partners. Customers must apply by Aug. 31, 2013, to receive the special offer.

In addition, SKYPASS Visa Signature and Business cards command exclusive features, such as: no foreign transaction fees on card purchases made when traveling abroad, complimentary Korean Air VIP Lounge coupons each year, and Double Miles on Korean Air ticket purchases.

Customers who do not have a SKYPASS Visa card may visit skypassvisa.com/summer4 or apply by phone at 1-866-SKYPASS, ext. 19462.

About Korean Air
Korean Air, with a fleet of 152 aircraft, is one of the world's top 20 airlines, and operates more than 400 flights per day to 124 cities in 43 countries. It is a founding member of the SkyTeam alliance, which together with its 19 members, offers its 552 million annual passengers a worldwide system of more than 15,000 daily flights covering 993 destinations in 187 countries. In 2011, Business Traveler named Korean Air the best Asian airline for the fifth consecutive year, while Global Traveler awarded the airline with best airline in northern Asia and best airport staff/gate agent. The carrier won the 2010 global travel catering distinction award by Pax International magazine while World Traveler magazine rated it as having the world’s best inflight service. Travel & Leisure magazine readers say it is one of the world’s top 10 international airlines and readers of Conde Nast Traveler magazine voted Korean Air one of the world’s top ten global airlines.

About U.S. Bank
U.S. Bancorp (NYSE: USB), with $355 billion in assets as of March 31, 2013, is the parent company of U.S. Bank, the fifth-largest commercial bank in the United States. Celebrating its 150th anniversary this year, the company operates 3,080 banking offices in 25 states and 5,056 ATMs. The bank 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. Bancorp

Teri Charest, U.S. Bank Media Relations
(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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