Rating: 5 Stars
Bottom Line:
Build Credit and Earn Korean Air SKYPASS Rewards
TABLE OF CONTENTS
Card Details
| Regular APR: | 17.99% (Variable) |
| Intro APR (Purchases): | None |
| Intro APR (Balance transfers): | None |
| Rewards Rate: | Earn 1 mile for every $1 you spend in eligible net purchases |
| Credit Needed: | (300-669) Bad/Limited/No |
| Annual Fee: | $50 |
| Card Brand: | Visa |
*See online credit card application for details on the terms and conditions.
Offer Highlights
- Click APPLY NOW to apply online
- 5,000 SKYPASS Bonus Miles after your first purchase
- 1,000 Bonus Miles at renewal
- SKYPASS Visa card purchases help you reach and maintain Morning Calm Club Membership
- Redeem miles for award travel and upgrades on Korean Air and SkyTeam partners
- Credit limit based on your deposit, from $300 to $5,000
- Is a Secured Credit Card for me? Yes, if you haven’t had the chance to establish credit in the United States yet.
- Get your VantageScore – at no cost
Is Korean Air SKYPASS Visa? Secured worth it?
Korean Air SKYPASS Visa? Secured Card is a great card for Korean Air travelers looking to build credit. With this card, you can earn SKYPASS rewards with Korean Air and build your credit at the same time, for an annual fee of $50. After you make on-time payments for 12 months or more, it would be safe to apply for an unsecured card. Cardholders earn 1 mile for every $1 you spend in eligible net purchases. This rewards rate is below average, but on the other hand Korean Air miles are worth more than miles from the average travel rewards program. For example, the 5,000 point sign up bonus is worth enough to get you a one way domestic Korean Air flight.
Pros
- Build your credit
- Monthly reporting to all 3 major credit bureaus to establish credit history
- 5,000 SKYPASS Bonus Miles after your first purchase
- Get your VantageScore – at no cost: this is your credit score from TransUnion, one of the 3 major credit bureaus
Cons
- Security deposit of up to $500 may be required
- Other secured cards offer no annual fee or a higher rewards rate
Why 5 Stars?
Regular APR
5 Stars
Intro APR
4 Stars
Fees
4 Stars
Perks
5 Stars
Overall
5 Stars
Fees
| Foreign Transaction Fee | 2% |
| Balance Transfer Fee | Either 3% of the amount of each transfer or $5 minimum, whichever is greater |
| Cash Advance Fee | Either 4% of the amount of each advance or $5 minimum, whichever is greater |
| Penalty APR | None |
Benefits
| $0 Fraud Liability |
| Auto Rental Collision Damage Waiver |
| Purchase Protection |
| Roadside Assistance |
| Travel Accident Insurance |
| Travel Assistance |
Editorial Note: This content is not provided by the issuer. Any opinion, analyses, reviews, or recommendations expressed on this page are those of the author?s alone, and may not have been reviewed, approved or otherwise endorsed by the issuer.
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