Overview

The high annual fee for the SKYPASS Visa Signature® Card may put off a lot of potential cardholders. But this card has many positive attributes. Especially if you can qualify for the lower APR, you could gain enough to make the annual fee a worthwhile investment.

Who Is the US Bank SKYPASS Visa Signature® Card Designed For?

This is a regular consumer credit card. Korean Air SKYPASS members stand to gain the greatest benefit. It is not intended for students or business use.

Are There Annual Fees?

The annual fee is 80 dollars.

Does the US Bank SKYPASS Visa Signature® Card Offer Rewards?

Cardholders receive 2 miles for every 1 dollar spent on Korean Air tickets, 1 mile for every 1 dollar for everything else. Cardholders also receive an extra 2,000 miles on every anniversary. Cardholders also benefit from concierge service, discounts on travel, shopping, sports and entertainment, 2 Korean Air VIP Lounge passes annually, travel and emergency assistance, and travel accident insurance.

Are There Foreign Transaction Fees?

There are no foreign transaction fees.

Are There Late Payment or other Penalty Fees?

Late payments and return payments are penalized up to 38 and 35 each respectively. Balance transfers, convenience checks are charged 5 dollars or 3 percent of the total transaction, whichever is greater. Cash advances are charged 5 dollars or 4 percent of the total transaction, whichever is greater. Cash equivalent advances are charged 10 dollars or 4 percent of the total transaction, whichever is greater.

Summary

For Korean Air tickets and balance transfers paid off within a year, the US Bank SKYPASS Visa Signature® Card can be a good deal, despite the high annual fee. The card also has no preset limit, which is also a benefit. For individuals with fair credit, it may be worthwhile to swallow the high annual fee, but individuals with good or excellent credit should be able to find credit cars with awards programs and low or no annual fees.