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Anniversary Promotion Announced for SKYPASS Visa Card

New members can earn 30,000 Bonus Miles

LOS ANGELES--(BUSINESS WIRE)--Apr. 24, 2014-- U.S. Bank and Korean Air, issuers of the popular, mileage-earning SKYPASS Visa card, are offering 30,000 Bonus Miles, the highest offer for new customers in the history of the program, after the customer’s first purchase on new SKYPASS Visa® Signature and SKYPASS Visa® Business card accounts. The special promotion is in honor of the 30th anniversary of Korean Air’s SKYPASS frequent-flyer program.

SKYPASS miles are redeemed for award travel flights and upgrades with Korean Air and its SkyTeam partner airlines. The SkyTeam alliance includes airlines such as Aeromexico, Air France, Alitalia, KLM Royal Dutch Airlines, and Delta Air Lines.

“In celebrating the SKYPASS program’s milestone, new applicants of the SKYPASS Visa Signature card or SKYPASS Visa Business card are offered 30,000 Bonus Miles upon their first card purchase,” said John Jackson, Korean Air vice president of marketing for the Americas. “The 30th anniversary promotion is for a limited time, as customers must apply by May 31, 2014, in order to receive the offer.”

“If you have not yet become a SKYPASS Visa cardmember, now may be the best time to do so,” Korean Air vice president Jackson said. “The 30,000 Bonus Mile signing offer is an extraordinary proposition, and it will likely be a long time before it comes again – if ever. I hope no one misses this opportunity to join.”

For more information about the 30th anniversary promotion or to apply for the SKYPASS VisaSignature or SKYPASS Visa Business card, visit skypassvisa.com/anniversary4 or call 1-866-SKYPASS, ext. 19970.

About SKYPASS Visa
The SKYPASS Visa card benefits members by giving them the opportunity to earn SKYPASS miles on all their card purchases. The miles earned with the SKYPASS Visa card can be combined with SKYPASS flight miles and redeemed for award travel and upgrades on Korean Air and SkyTeam partner airlines. Products in the SKYPASS Visa card family include: the Visa Signature card with exclusive benefits and privileges; SkyBlue Visa card with No Annual Fee; Visa Classic card; Visa Secured card which lets you earn SKYPASS miles while establishing your credit and Visa Business card which lets you earn SKYPASS miles on all your business expenses. These cards are available to United States residents only. To learn more about SKYPASS Visa products and to apply, visit www.skypassvisa.com/anniversary4.

About Korean Air
Korean Air, established in 1969, is one of the world's top 20 airlines and carried more than 24 million passengers in 2012. Korean Air operates in excess of 200 flights per day to 125 cities in 45 countries on six continents with a fleet of 155 aircraft including eight A380s.

With its modern airplanes and over 20,000 professional employees, Korean Air offers customers safety, convenience and comfort. Korean Air’s award-winning offerings of Korean and Western meals and state-of-the-art inflight entertainment system provide passengers with a memorable inflight experience.

The airline serves six continents with more than 1,400 flights a week and is also a founding member of the Sky Team airline alliance which together with its 20 members, offers its 588 million annual passengers a worldwide system of more than 15,000 daily flights covering 1,064 destinations in 178 countries.

Korean Air introduced the double-decker A380 aircraft to its fleet in 2011 and made the interior more spacious than any other airline, with just 407 seats spread across three classes, with the top deck dedicated to ‘Prestige’ business class. The design also features the world’s first onboard ‘Duty Free Showcase’ and three bars and lounges.

About U.S. Bank
U.S. Bancorp (NYSE: USB) with $371 billion in assets as of March 31, 2014, is the parent company of U.S. Bank National Association, the 5th largest commercial bank in the United States. The Company operates 3,083 banking offices in 25 states and 4,878 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

Teri Charest, U.S. Bank Public 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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