Review of Korean Air Skypass Visa Card

Summary - The Korean Air Skypass Visa Classic is a very simple no-frills credit cardthat lets you earn points towards your next free Korean Air flight. You only earn the standard one mile forevery dollar spent on purchases (no double miles). You do not get any signing bonus. There is a cap in the number ofmiles you can earn, up to 10,000 a month or 50,000 a year. However, Morning Calm, Morning Calm Premium, Skypass Million Miler or Skypass Visa autopay customers who opt to pay their bills in full areexempted from the limits. Skypass miles do not expire. As with any other airline travel credit card, you payan annual fee ($55.00) and the APR is high.

This is a no-frill airline travel credit card. There are no exceptional positive features to really get excited about. It also comes with an annual fee and high APR (as with other airline credit cards). But if you are a frequent travelerwith Korean Air and want to redeem credit card reward points from your next Korean Air ticket, then thiscredit card will help you do so.

Positives -

Negatives - Cannot earn double miles. No bonus miles. Caps on miles unless you are a "elite member"or you choose to pay your monthly bills in full automatically. High annual fees and APR.

Korean Air Skypass Visa Classic Credit Card Benefits

Reward Structure - The Korean Air Skypass Visa Classic Credit Card allows you toearn 1 mile for every dollar spent on purchases. There is no signing bonus. There is a cap on miles you can earn. You do not earn miles after your monthly purchases exceed$10,000 or if your annual purchases exceed $50,000. Morning Calm, Morning Calm Premium,Skypass Million Miler or Skypass Visa autopay customers who opt to pay their bills in full areexempted from the limits. Skypass Miles do not expire

Credit Card Benefits - Benefits includes travel accident insurance of up to $250,000, auto rental insurance, online purchase security.

Cost and Interest rates - The annual fee is $55.00 and the APR is Prime Rate plus 9.99%.

Korean Air Skypass Visa Card
Miles Benefits
Sign-on Bonusnone
Miles Accumulation1 mile per $1 spent on purchases
Anniversary Bonusnone
Miles ExpirationNo Expiration
Caps on milesNo points will be awarded after monthly purchases exceed $10,000 or if annual purchases exceed $50,000.Skypass Morning Calm, Morning Calm Premium, Skypass Million Miler and Skypass Visa autopay cusotmers who select full payment option are exempted from limits.
Credit LimitsUp to $5,000
Travel and Insurance Benefits
Up to $250,000 Travel accident Insurance
Auto rental insurance
Other Benefits
Online purchase security
Lost and stolen card reporting
Cost/Fees/Interest rates
Introductory ratenone
Annual Fees$55.00
Purchase APRPrime Rate plus 9.99%
Balance Transfer APRPrime Rate plus 9.99%
Cash Advance APRPrime Rate plus 11.99%
Penalty/Default RateFixed 23.99%
Min Finance Charge$2.00
Grace Period20 days
Balance Calculation MethodAverage Daily Balance
Balance Transfer Fee3%, min $5.00
Advance checks feenr
Cash Advance fee3% min $5.00
Other Cash Advance fee4% min $10.00
Foreign Currency Conversion feenr
Over-the-credit-limit fee$35.00
Late Payment fee$29.00 or $38.00 (depending on number of occurances in 12 month period





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