Apply for the SKYPASS Visa today and get up to 15,000 Bonus Miles!1

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EXPANDED ACCOUNT ACCESS: By submitting this application, you request that a) this Account, if opened, be accessible by any card(s) that we or our bank affiliates may issue to you now or in the future or PIN(s) that you may select now or in the future; and b) for this Account, any card issued to you or PIN you select access multiple checking, savings, lines of credit or credit card account(s) in your name held by us or any of our bank affiliates. “Access” means use of a card or account number and PIN to conduct a transaction or obtain information at ATMs or via telephone, personal computer banking, or any other available method. There are no additional fees or charges for expanded account access. The fees and terms disclosed for each account apply. You understand that at U.S. Bank ATMs, this expanded account access may be available for up to five checking, five savings, five lines of credit or credit card accounts, and that at other ATMs and with other methods of access, other limitations may apply.

By signing below, you understand and agree that U.S. Bank National Association ND (“we”, “us”, or “our”), as the creditor and issuer of your Account, will rely on the information provided here in making this credit decision, and you certify that such information is accurate and complete to the best of your knowledge. If we open an Account based on this application, you will be individually liable (or, for joint accounts, individually and jointly liable) for all authorized charges and for all fees referred to in the most recent Cardmember Agreement, which may be amended from time to time. We may request consumer credit reports about you for evaluating this application and in the future for reviewing Account credit limits, for Account renewal, for servicing and collection purposes, and for other legitimate purposes associated with your Account. Upon your request, we will inform you if a consumer report was requested and, if it was, provide you with the name and address of the consumer reporting agency that furnished the report. By providing a telephone number for a cellular phone or other wireless device, you are expressly consenting to receiving communications at that number, including, but not limited to, prerecorded or artificial voice message calls, text messages, and calls made by an automatic telephone dialing system from us and our affiliates and agents. This express consent applies to each such telephone number that you provide to us now or in the future and permits such calls regardless of their purpose. By signing below, you also agree that we may verify your employment, income, address and all other information provided with other creditors, credit reporting agencies, employers, third parties, and through records maintained by federal and state agencies (including any state motor vehicle department) and waive any rights of confidentiality you may have in that information under applicable law. Should my application for the SKYPASS Visa Signature card be denied, my signature constitutes my application for the SKYPASS Visa Classic card. If you are granted an account, you understand and agree that we will report that fact, your name, address, phone number and information about your ongoing account activity to Korean Air, but will not disclose to Korean Air any other information about you taken from this application or received from third parties. You certify that you have read and agree to the “Important Information about SKYPASS miles.” By signing below you certify you have read and understood the disclosures here and you agree to the terms of the application.

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1 Upon approval, New Applicant One-Time Enrollment Bonus Miles and Refer A Friend Bonus Miles will be awarded when the annual fee is paid or the new SKYPASS Visa card is used for purchases. The referring person’s SKYPASS number must be included on the referral application to be eligible for Refer A Friend Bonus Miles. Refer A Friend Bonus Miles will be credited to the referring person’s SKYPASS account 8-10 weeks after the referral has used their new SKYPASS Visa card for the first time. Refer A Friend Bonus Miles cannot be earned by referring a current SKYPASS Visa cardmemember or an applicant who has been referred by someone else. Due to confidentiality, current SKYPASS Visa cardmembers cannot be notified, either in writing or by phone, as to which referrals have received and used the SKYPASS Visa card. The SKYPASS Visa statement will serve as verification of their acceptance and will be coded as “Refer A Friend Bonus”.

2 Allow eight to ten weeks after the annual fee is paid for your annual renewal Bonus Miles to be awarded to your SKYPASS account. SKYPASS Visa card must be open and in good standing at time of annual renewal Bonus Mile award. Annual fee must be paid in the month it is due to be eligible for renewal Bonus Miles credit. Certain limitations and restrictions may apply. Annual renewal Bonus Miles for the SKYPASS Visa Signature card is 2,000 and the SKYPASS Visa Classic card is 1,000. 3 Receive 2 miles for every $1 charged on qualified Korean Air net ticket purchases. Qualified purchases include Korean Air tickets purchased through travel agents, Korean Air ticket agents, or koreanair.com. Your SKYPASS Visa Signature or Business card must be used to make the purchase in order to be eligible for Double Miles. The first mile per dollar spent (purchase miles) will automatically appear on your SKYPASS Visa statement for your purchases. The second or Double Mile will be awarded 6 to 8 weeks from the time of purchase. Korean Air returned purchases will result in the deduction of SKYPASS miles from the member’s SKYPASS account. Double Miles credits or deductions will appear as “KOREAN AIR” on your SKYPASS account. All Double Miles postings are at the discretion of Korean Air. The SKYPASS Visa card account must be open and in good standing at time of bonus mileage credits. For Double Miles discrepancy, please contact Korean Air at 1-800-438-5000 and speak to the SKYPASS Service Center.

4 Offer valid in conjunction with Korean Air tickets. Korean Air Lounges in the U.S., Canada, and Seoul (Incheon) only. Lounge Coupon is valid for one visit only and must be surrendered at the time of check-in in exchange for the Lounge Pass. Upon check-in, you are required to present the Coupon, your SKYPASS card, Korean Air ticket on a Korean Air operated flight, and government issued photo identification. Each year the primary cardmember will receive two (2) Lounge Coupons by mail eight to ten weeks after your annual fee is paid, provided SKYPASS Visa card is open and in good standing at time of renewal. Offer only valid for SKYPASS Signature and Business cardmembers.

5 For a qualified purchase on the designated page of koreanair.com, receive a $100 annual discount. Each year SKYPASS Visa Signature or Business primary cardmember will receive one discount certificate. Your SKYPASS Visa Signature or Business card must be used to make the purchase at the time of reservation in order to be eligible for discount offer. Offer redeemable only on the designated page of koreanair.com for flights originating from Korean Air U.S. gateways. Certain destinations and fare types are not eligible for this offer. For more details, visit koreanair.com. Korean Air online ticketing restrictions and all other standard Korean Air ticketing policies will apply. SKYPASS Visa card must be open and in good standing at time of annual renewal.

6 Certain limitations and restrictions apply. See Cardmember Agreement for details.

7 Certain restrictions may apply. Please refer to koreanair.com for details.

This offer may not be combined with any other enrollment offer.

The creditor and issuer of the SKYPASS Visa card is U.S. Bank National Association ND and the card is available to United States residents only. U.S. Bank National Association ND reserves the right to change card benefits at any time with or without notice. Use of the SKYPASS Visa card is subject to the terms and conditions of the SKYPASS Visa Cardmember Agreement, which may be amended from time to time.

Convenience checks, ATM disbursements, balance transfers, Quasi-Cash Advances and other cash advances do not earn mileage credit. Quasi-Cash Advances include Wire Transfers, Travelers Checks, Money Orders, Foreign Cash Transactions, Casino Gaming Transactions, Betting Transactions, Lottery Tickets and similar items that Visa U.S.A. Inc. designates.

All future cardmember communications will be in English (also in Korean when possible).In the event of discrepancy between the English and Korean languages on these documents, the English version will prevail.

Terms and Conditions

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Annual Percentage Rate (APR) for Purchases:

Other APR:

Variable Rate Information:

Grace Period:

Method of Computing the Balance for Purchases:

Annual Fee:

Minimum or Fixed Finance Charge:

Other Fees:

16.99% (subject to a minimum APR of 16.99%)

Balance Transfers: 16.99% (subject to a minimum APR of 16.99%)Cash Advances: 20.99% (subject to a minimum APR of 20.99%)Delinquency Rate:1 28.99% (subject to a minimum APR of 28.99%)

Your Annual Percentage Rate (APR) may vary monthly. The rate will be determined by adding a margin to the Prime Rate.2 The Margin used is as follows:Purchases and Balance Transfers: 12.99%Cash Advances: 15.99%Delinquency Rate:1 23.99%

24-30 days for purchases only

Average Daily Balance Method (including new purchases)

Signature: $80, Classic: $50, SkyBlue: $0

$2.00 minimum finance charge when interest is due.

Cash Advance Fee: 4% of the amount, $5 min.Late Payment Fee: Balance over $0 to $100 $19 Balance of $100 up to $250 $29 Balance of $250 and up $39Over Limit Fee:3 $39Balance Transfer Fee: 3% of the amount, $5 min.Cash Equivalent Fee: 4% of the amount, $10 min.Overdraft Protection Fee: 3% of the amount, $5 min.Convenience Check Fee: 3% of the amount, $5 min.Foreign Transaction Fee: Less than or equal to 3% of the transaction amount in U.S. Dollars

Important Information about SKYPASS MilesKorean Air reserves the right to change the SKYPASS program rules, regulations, terms, conditions, travel awards, mileage award levels and special offers, in whole or in part, at any time with or without notice, even though changes may affect the value of the mileage already accumulated. Korean Air may, among other things:(i) withdraw, limit, modify, or cancel any award;(ii) change program mileage levels, conditions of participation, rules for earning, redeeming, retaining or forfeiting mileage credit, or rules for the use of travel awards;(iii) add an unlimited number of blackout dates; or(iv) limit the number of seats available for award travel (including, but not limited to, allocating no seats on certain flights) or otherwise restrict the continued availability of travel awards or special offers.Korean Air reserves the right to terminate the SKYPASS program entirely with six (6) months prior notice. Should a notice regarding termination be provided, further mileage accumulation will not be permitted commencing on the date the SKYPASS program is to terminate. SKYPASS program rules and regulations, awards, and special offers are subject to any applicable laws.

Important Information about Procedures for Opening a New AccountTo help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, street address (P.O. Boxes are not allowed under Federal law), date of birth, and other information (including your Social Security or Tax Payer Identification Number) that allow us to identify you. We may also ask to see your driver's license or other identifying documents.

The creditor and issuer of the SKYPASS Visa card is U.S. Bank National Association ND.

All future cardmember communications will be in English (also Korean when possible). In the event of discrepancy between the English and Korean languages on this document, the English version will prevail.

The information is accurate as of 10/09 and may have changed after that date. Call us at 1-866-286-8472 (TDD 1-888-352-6455) to find out what may have changed. All Account terms are governed by the Cardmember Agreement. Account and Cardmember Agreement terms are not guaranteed for any period of time; we may change all terms, including APRs and Fees, in accordance with the Cardmember Agreement and applicable law. 1 The Delinquency Rate APR will apply to all balances in the event that your Account becomes 15 calendar days past due once, or if your Account has 2 overlimit occurrences during any period of 12 consecutive months. 2 The Prime Rate used to determine your APR is the highest Prime Rate published in the “Money Rates” section of the Midwest Edition of The Wall Street Journal in the last 90 days before the date on which the billing cycle closed (in other words, the “Statement Date”).

3 Over Limit Fee not applicable to Signature card.

If you reside in a community property state, such as Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington or Wisconsin, the assets of your marital community will be liable in this account even if you apply for a separate account and this application is not signed by your spouse (unless you attach a statement that you wish to apply for a separate account based solely on your separate assets). If you reside in a community property state, credit extended under this account will be incurred for a community benefit.

Notice to California Residents: An applicant, if married, may apply for a separate account.

Notice to Married Wisconsin Residents: No provision of any marital property agreement, unilateral statement under section 766.59 of the Wisconsin statutes or court decree under section 766.70, adversely affects our interest unless we, prior to the time the credit is granted or an open-end credit plan is entered into are furnished a copy of the agreement, decree or court order, or have actual knowledge of the adverse provisions. IF YOU ARE A MARRIED WISCONSIN RESIDENT, CREDIT EXTENDED UNDER THIS ACCOUNT WILL BE INCURRED IN THE INTEREST OF YOUR MARRIAGE OR FAMILY.

Notice to New York Residents: You may contact the New York State Banking Department at 1-877-226-5697 or by writing to the Research and Technical Assistance Division, 1 State St, NY, NY 10004-1417 to obtain a comparative listing of all credit card rates, fees and grace periods.

Notice to Ohio Residents: The Ohio laws against discrimination require that all creditors make credit equally available to all creditworthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law.