PRESS RELEASES

U.S. BANK AND LAN AIRLINES INTRODUCE LANPASS VISA CARD PROGRAM

Minneapolis, June 29th, 2010.

U.S. Bank and LAN Airlines have partnered to introduce the LANPASS Visa 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 Card or LANPASS Visa 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.

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 countries.

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.


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