Review of the Asiana Visa Platinum
("Card issued by Bank of America, N.A. (USA)")



The Asiana Visa Platinum was last reviewed on 12th August 2005

Summary - The Asiana Visa® Platinum will appeal to the Asiana Airlines frequent flyer member, especially those who travel business class on this airline, as it allows you to earn faster miles towards your next free flights. Its main features are as follows:
  • Earn double miles when you purchase Asiana Airlines tickets with your card
  • 90% discount on a full fare business or First Class ticket for a companion every year
  • $500 discount towards a purchase of a full fare business class ticket with a free first class upgrade (once a year)

Let us take a closer look at this card.

Miles Formula - The Asiana Visa Platinum allows you to earn double miles for every dollar you spend on Asiana Airlines tickets. You earn one miles for every dollar you spend on other purchases. You can earn up to 100,000 miles in one calender year. You will also receive 5,000 bonus miles upon your first purchase with the card.

Asiana Miles Expiration and Partners - Asiana Airline miles do not expire. They are part of the Star Alliance group and miles can be redeemed on flights of any Star Alliance partners.

Anniversary Bonus - The Asiana Visa Platinum offers very generous anniversary bonuses. Firstly, you get 2,000 miles each year upon the renewal of your card. You will also get a 90% discount on a full fare business or First Class companion ticket once a year. You will also get a $500 discount towards the purchase of a full fare Business Clas ticket with a free First Class upgrade (also once a year) and two free Asiana lounges passes. These anniversary bonuses will appeal to those who travel on business class or first class. Those who can take advantage of these bonuses will find that their value more than offsets the annual fee you have to pay.

Annual Fee and APR - The Asiana Visa Platinum has an annual fee of $80.00. You get a 1.9% introductory apr for 6 billing cycles for both purchases and balance transfers. There after, the apr ranges from prime rate plus 6.99% to 10.99%. The average daily balance method (including new purchases) is used to calculate the monthly balance.

Conclusion - We recommend the Asiana Visa® Platinum to the Asiana Frequent Flyer member, especially to those who travel by business or first class as they have very good anniversary bonuses for those who travel business or first class. Those who can take advantage of the anniversary bonuses will have more than offset the annual fee of the card.

Positives
  • Earn double miles
  • Excellent anniversary bonuses, especially for those who fly business class


Negatives
  • High annual fee (but not uncommon for an airline card that allows you to earn double miles. In fact, those who take advantage of the anniversary bonuses will have more than offset the annual fee.



Asiana Visa Platinum
Miles Formula
Miles per Dollar 1 miles
Miles per Dollar spend on Asiana Airlines tickets 2 miles
Yearly Limit on Miles you can earn 100,000
Bonus Miles 5,000 miles upon first purchase.
Anniversary Bonus Miles 2,000 each year when you renew your card
90% discount on a full fare business or First class ticket for a companion (per year)
$500 discount toward the purchase of a full fare Business Class ticket with free First Class upgrade (per year)
2 Free Asiana lounge passes (per year)
Perks/Notation*
Miles can be used for award travel on Star Alliance member airlines
Up to $1,000,000 in travel accident insurance
Toll free, 24 hour customer service**
Free Photo Security Option
Total Security Protection Pacakge
Complimentary Mini Card
See website for additional benefits
Cost/Fees/Interest rates
(APR) Purchase Intro Rate - 1.9% for six billing cycles. Goto rate is a variable risk based rate between Prime + 6.99% and P + 10.99%
(APR) Balance Transfer Intro Rate - 1.9% for six billing cycles. Goto rate is a variable risk based rate between Prime + 6.99% and P + 10.99%
(APR) Cash Advance 21.99% Variable * minimum 19.99% . (P + 15.99%)
Finance Configuration Average Daily Balance (including new purchases)
Annual Fee $80.00
Additional Cardholders $0
Grace Period 20 days (Min)
Minimum Credit Limit $2,00
Maximum Credit Limit $25,000
Late Payment fee $19.00 - less than $100.00
$29.00 - $100 to $1,000
$39.00 - more than $1,000
Over-the-limit fee $35.00
Cash Advance fee 3% min $10.00
Balance Transfer Fee None



*See website for complete terms and conditions of card usage and application disclosure. *Terms and Conditions

Apply for the Asiana Visa® Platinum

If you already have this credit card, we would appreciate if you can take some time to post your review. Our readers will find them very helpful.




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