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

In the event of discrepancy between the English and Korean Languages on this document, the English version will prevail.

1. 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 persons 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 cardmember 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 6 to 8 weeks after the annual fee is paid for your annual renewal bonus miles to be awarded to your SKYPASS account. Annual renewal bonus miles for the SKYPASS Visa Signature card is 2,000 and the SKYPASS Visa Classic and Secured cards are 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 www.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 "KE/UB Bonus miles promotion". 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 ticket purchase on any class of service made for Korean Air operated flights. 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 you will receive two (2) Lounge Coupons by mail 6 to 8 weeks after your annual fee is paid. Offer only valid for SKYPASS Visa Signature cardmembers.

5. For a qualified purchase on koreanair.com, receive $100 annual discount. Each year you will receive one (1) discount certificate per SKYPASS Visa Signature primary account cardmember. 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 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.

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

7. Certain restrictions may apply. See www.koreanair.com for details.

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