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U.S. Bank Introduces New FlexPerks® Corporate Rewards Program for Commercial Card Clients

Program Gives Commercial Card Clients a New Choice in Rewards.

MINNEAPOLIS--(BUSINESS WIRE)--Mar. 17, 2014-- U.S. Bank is extending its award-winning FlexPerks® Travel Rewards program into the business-to-business space with the launch of FlexPerks Corporate Rewards for commercial card programs. The rewards program will be offered as an optional add-on for U.S. Bank’s most popular commercial cards: the U.S. Bank Corporate Travel Card, the U.S. Bank Executive and Executive Platinum Cards, and the U.S. Bank One Card.

FlexPerks Corporate Rewards offers organizations and their employees a new way to benefit from spending on cards. Flex points can be pooled at the corporate level to be redeemed at the organization’s discretion, or employees can be enabled to earn the points. Cardholders earn one FlexPoint per $1 spent using the card while enjoying some of the best redemption values in the marketplace. Air travel rewards start at 20,000 FlexPoints for tickets worth up to $400.

The FlexPerks Corporate Rewards program shares the same currency and FlexPoint redemption structure as the consumer FlexPerks Travel Rewards Visa Signature® card, which has been ranked among the top travel rewards programs by Kiplinger’s Personal Finance and Forbes.

“The addition of FlexPerks to our card portfolio is great news for our business customers and their employees,” said U.S. Bank Corporate Payment Systems President Kurt Adams. “Built on our existing program attributes of service, reliability and universal acceptance, the addition of the award-winning FlexPerks program solidifies our leading position in the commercial card space, standing toe-to-toe with any program in the world.”

The new program gives organizations more options, Adams added: “We offer clients the flexibility to choose the right mix of financial benefits for them – whether it be rewards, rebates or a combination. Whatever their size or industry, we can structure the program to fit their organization. By delivering flexibility and transparency, U.S. Bank offers the best value proposition in the market for organizations and individual cardholders.”

About U.S. Bancorp (www.usbank.com): Minneapolis-based U.S. Bancorp (“USB”), with $364 billion in assets as of December 31, 2013, is the parent company of U.S. Bank National Association, the 5th-largest commercial bank in the United States. The company operates 3,081 banking offices in 25 states and 4,906 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.

© 2014 U.S. Bank National Association. All trademarks are the property of their respective owners.

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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