The Korean Air Skypass Visa was last reviewed on
25th September 2006
Summary - The Korean Air Skypass Visa Classic is a very simple no-frills credit card
that lets you earn points towards your next free Korean Air flight. You only earn the standard one mile for
every dollar spent on purchases (no double miles). Find out more about this card.
Miles Formula - The are essentially three versions of Korean Airlines Skypass Visa - the classic card, platinum card and the no annual fee SkyBlue Skypass. The classic card allows cardholders to earn one mile for every dollar spent on all purchases. The platinum version allows you to earn double miles on Korean Air ticket purchases. Plus you get 2 Korean Air VIP Lounge coupons each year, $100 discount on a Korean Air ticket purchase each year. The SkyBlue no annual fee version allows cardholders to earn one mile for every dollar. Cardholders can earn unlimited miles. Skypass miles do not expire.
Fees - The annual fee for the classic card is $50, while the fee for the platinum card is $80.00. The apr is prime rate plus 9.99% for all cards. The average daily balance method (including new purchases) is used to calculate monthly balances.
Other benefits/credit limits - A Visa Classic card offers you a credit limit up to $5,000. $250,000 in Travel Accident Insurance is also available. A Visa Platinum card offers you a higher credit limit for your purchasing needs - from $5,000 to $25,000. You'll earn 1 mile for every dollar spent. Additional Visa Platinum benefits include: Emergency Cash and Card Replacement plus $500,000 in Travel Accident Insurance.
Verdict - Frequent flyers on Korean Air who want to earn extra miles will find a variety of Skypass credit cards to suit their need. The good features of all Skypass Visas is that you can earn unlimited miles and the annual fee is also reasonable for an airline credit card.
Positives
Earn unlimited miles
| Miles Accumulation |
1 mile per $1 spent on purchases |
| Anniversary Bonus |
none |
| Miles Expiration |
No Expiration |
| Caps on miles |
No 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 customers who select full payment option are exempted from limits. |
Up to $250,000 Travel accident Insurance
Auto rental insurance |
Online purchase security
Lost and stolen card reporting |
| Annual Fees |
$55.00 |
| Purchase APR |
Prime Rate plus 9.99% |
| Balance Transfer APR |
Prime Rate plus 9.99% |
| Cash Advance APR |
Prime Rate plus 11.99% |
| Penalty/Default Rate |
Fixed 23.99% |
| Min Finance Charge |
$2.00 |
| Grace Period |
20 days |
| Balance Calculation Method |
Average Daily Balance |
| Balance Transfer Fee |
3%, min $5.00 |
| Advance checks fee |
nr |
| Cash Advance fee |
3% min $5.00 |
| Other Cash Advance fee |
4% min $10.00 |
| Foreign Currency Conversion fee |
nr |
| Over-the-credit-limit fee |
$35.00 |
| Late Payment fee |
$29.00 or $38.00 (depending on number of
incidents in 12 month period |
|
