At a Glance
The SKYPASS Visa Secured Card is ideal for cardholders looking to build or re-establish their credit history while they collect airline miles. These miles can be redeemed for airline tickets and upgrades on Korean Air and SkyTeam partners. The card earns one mile per dollar spent on net purchases, with the added benefit of 5,000 bonus miles after making their first purchase. The card comes with an annual fee of $50.
Ideal for Those Who:
- Frequently fly using Korean Air or SkyTeam partners
- Are building or rebuilding their credit
- Want to earn rewards while boosting credit
- Want Auto Rental Insurance for no extra cost
SKYPASS Visa Secured Card Review
Many secured credit cards don’t offer many travel benefits, but the SKYPASS Visa Secured Card helps cardholders improve their credit and collect miles. Cardholders earn a single mile for every $1 they spend on eligible purchases – plus an extra 5,000 sign up bonus SKYPASS miles after they make their first purchase. Even better, cardholders also receive 1,000 bonus miles on renewal every 12 months.
Miles earned through the SKYPASS Secured Card are applicable towards flights with either Korean Air or other SkyTeam carriers worldwide, including Delta Airlines, Air France, KLM, Aeromexico, and more. Miles also apply towards seat upgrades, hotel and rental car bookings with SkyTeam partners and more.
Interest-Earning Deposit
Like other secured credit cards, the SKYPASS Visa Secured Card requires a deposit, which acts as a credit limit/ credit line for the account. Since the card is issued through U.S. Bank, a secured account with he is banking giant must be opened. Fortunately, the funds deposited as security for the card will earn interest – provided the credit card account remains in good standing, and the cardholder makes their payments on time. If not, they may lose some – or all – of their deposited funds, and U.S. Bank may close the account.
Travel Perks
Traveling with the SKYPASS Visa Secured Card is beneficial as it provides travel and emergency assistance, as well as Visa’s zero fraud liability protection. Also provided is an Auto Rental Collision Damage Waiver, which covers the cost of damage to a rental vehicle. Unfortunately, however, there is a foreign transaction fee, so users will pay an additional charge on foreign purchases.
For more information on the SkyTeam, check out: