Editorial and Partnership Disclosure Fit Small Business has partnered with CardRatings for our coverage of credit card products. Fit Small Business and CardRatings may receive a commission from card issuers. This is a recurring post with regularly updated card details. Opinions, reviews, analyses & recommendations are the author’s alone and have not been reviewed, endorsed, or approved by any of these entities.
SKYPASS Visa Signature® Business Card from U.S. Bank is designed for business owners who travel with Korean Air and any of the SkyTeam partners frequently. It comes with a low annual fee, a $0 foreign transaction fee, and travel perks like lounge access and discount coupons. Plus, you can earn rewards that can be used for flights and seat upgrades on Korean Air and SkyTeam partners.
SKYPASS Visa Signature® Business Card
BEST FOR:
Those who travel with Korean Air frequently
- 2x miles on Korean Air ticket purchases
- 2x miles at gas and EV charging stations, cell phone service providers, office supply stores, and restaurants (including takeout and delivery)
- 1x mile on all other purchases
Pros
- Charges low annual fee for a travel rewards business credit card
- Charges $0 foreign transaction fees
Cons
- Does not have 0% introductory APR on purchases and balance transfers
- With additional fees for employee cards
- Visa Business reporting: You can manage expenses made by your employees and set customizable spending rules through U.S. Bank’s Visa Business Spending.
- Auto rental collision damage waiver: You’ll receive auto rental collision damage waiver insurance when you rent a car using this card, letting you decline the rental company’s collision damage waiver option and receive coverage through Visa for collision damage or theft.
- Travel and emergency assistance services: Visa provides assistance and referrals 24/7 while you are traveling away from home. Restrictions and limitations may apply, so check your SKYPASS Visa Guide to Benefits for more information.
- 2x miles on Korean Air ticket purchases
- 2x miles at gas and EV charging stations, cell phone service providers, office supply stores, and restaurants (including takeout and delivery)
- 1x mile on all other purchases
Pros
- Charges low annual fee for a travel rewards business credit card
- Charges $0 foreign transaction fees
Cons
- Does not have 0% introductory APR on purchases and balance transfers
- With additional fees for employee cards
- Visa Business reporting: You can manage expenses made by your employees and set customizable spending rules through U.S. Bank’s Visa Business Spending.
- Auto rental collision damage waiver: You’ll receive auto rental collision damage waiver insurance when you rent a car using this card, letting you decline the rental company’s collision damage waiver option and receive coverage through Visa for collision damage or theft.
- Travel and emergency assistance services: Visa provides assistance and referrals 24/7 while you are traveling away from home. Restrictions and limitations may apply, so check your SKYPASS Visa Guide to Benefits for more information.
When grading travel rewards business credit cards like the SKYPASS Visa Signature® Business Card, we rate the ongoing rewards and introductory rewards first. Then we take into consideration the travel perks included with the card, its annual fee, other fees, and the introductory and ongoing APRs.
Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
Ongoing Rewards | 18 | 25 |
Introductory Rewards | 20 | 25 |
Additional Features | 15 | 25 |
Annual Fee | 12 | 15 |
Introductory APR | 0 | 5 |
Ongoing APR | 3 | 5 |
Total Score | 68 | 100 |
Who the SKYPASS Visa Signature® Business Card Is Best For
- Those who travel with Korean Air frequently: It offers rewards on Korean Air flights and other travel perks, including discounts and airport lounge coupons.
- Those who travel with any of the SkyTeam partners: You can redeem your rewards for flights with any of the SkyTeam partners, including Delta Air Lines, Air Europa, and China Airlines.
SKYPASS Visa Signature® Business Card Rewards
- 50,000 bonus miles after spending $5,000 in eligible purchases within the first 90 days
- 2x miles on the following:
- Korean Air ticket purchases
- Gas and electric vehicle (EV) charging stations
- Dining, including takeout and restaurant delivery
- Cell phone services
- Office supplies
- 1x miles on all other eligible purchases
Rewards Calculator
Find out how much you can earn from the SKYPASS Visa Signature® Business Card based on your estimated monthly expenses. Our calculator will compute your potential rewards—just enter your expected monthly spending, and our calculator will do the rest.
Note that each Korean Air mileage point is valued at around 2 cents.
You can claim your Korean Air miles on both the Korean Air website and the mobile app and redeem for flights and seat upgrades on Korean Air and other SkyTeam partners. You can use mileage starting at 500 miles, up to 30% of the base fare (excluding tax and fuel surcharges).
The table below is the list of partner airlines eligible for the SkyTeam Award
• Trips must start and end within the same country.
• You cannot transfer your points for departure and destination cities; therefore, they cannot be visited twice per direction.
• A maximum of two transfers for each direction are allowed between the departure and destination cities.
, SkyTeam Upgrade Award
• Cabin upgrades from economy class to business class will be allowed on the condition that the ticket is purchased at nondiscounted fares.
• The upgrade award is applicable to an itinerary that includes one or more international flights. Domestic flights are not permitted. An example of a domestic flight would be flights between cities in the United States, Canada, Mexico, and Hawaii.
• When you fly on Korean Air-operated flights, SkyTeam Upgrade is not allowed during Korean Air Award’s peak season.
, and the Non-SkyTeam Award
• All flights on a ticket must be operated by the same partner line.
• Here are the guidelines on transfers and stopovers for partner airlines eligible for the Non-SkyTeam Award:
Alaska Airlines and GOL Airlines: Only one stopover is allowed during the entire journey, and transfers are not allowed at the city of departure and destination.
China Southern Airlines: A maximum of two transfers for each direction are allowed between the departure and destination cities.
Emirates, Etihad Airways, Hawaiian Airlines, and Japan Airlines: Transfers and/or stopovers are not allowed.
SkyTeam Award | SkyTeam Upgrade Award | Non-SkyTeam Award |
|---|---|---|
|
|
|
SKYPASS Visa Signature® Business Card Features
Exclusive From Korean Air
- Discounts on Korean Air tickets: Receive 5% off on Korean Air tickets each year for you and a companion.
- KAL Lounge coupons Note that lounge access is available in Korean Air-owned airport lounges in the US (Los Angeles, New York, and Honolulu) and KAL Prestige Lounge in Incheon, South Korea. : Get two complimentary KAL lounge vouchers per year.
- Visa Business reporting: Manage expenses made by your employees and set customizable spending rules through the U.S. Bank’s Visa Business Spending.
Protection Coverage
- Auto rental collision damage waiver: Decline the rental company’s collision damage waiver option and get covered against collision damage or theft for rental periods of up to 31 consecutive days.
- Purchase security: Reimburse the total purchase price of your covered items, up to $10,000.00 per claim and $50,000.00 per cardholder in case of damage or theft within the first 90 days from the date of purchase.
- Extended warranty protection: Extend the manufacturer’s warranty up to one additional year on eligible warranties of three years or less.
- Travel and emergency assistance services: Access a 24/7 hotline while you’re traveling in case of emergencies or whenever you need medical, legal, or any travel-related assistance.
- Lost luggage reimbursement: Receive up to $3,000 per covered trip or $2,000 per covered trip for New York residents in the event your checked luggage is lost by your airline.
- Travel accident insurance: Receive accidental death and dismemberment insurance, which is anywhere from $250,000 to $1 million.
- Roadside Dispatch®: Access various services, including towing, tire changing, jump-starting, winching, lockout service, and limited fuel delivery. Note that the cardholder is responsible for the cost of the service.
SKYPASS Visa Signature® Business Card Fees
APR
- Introductory: None
- Ongoing and balance transfer: 23.24% to 30.24% variable, which adjusts with the prime rate (with a minimum interest charge of $1)
- Cash advance: 32.24% variable, which adjusts with the prime rate
- Penalty
Penalty APR will apply until you make six consecutive minimum payments when due and not exceed your credit limit during that period.
: 32.49% variable, which adjusts with the prime rate; will be applied to your account if you:
- Make a payment 15 calendar days late once
- Payment is returned
- Exceed your credit limit twice in 12 consecutive months
Fees
- Annual: $99 for account owners and $99 for authorized employees
- Balance transfer and convenience check cash advance: Either $5 minimum or 3% of the amount, whichever is greater
- Cash advance ATM and cash advance: Either $5 minimum or 4% of the amount of each advance, whichever is greater
- Cash equivalent advance: Either $10 minimum or 4% of the amount of each advance, whichever is greater
- Foreign transaction and overdraft protection: $0
- U.S. Bank ExtendPay® Fees: A monthly fee not to exceed 1.6% of the original principal amount in an ExtendPay® Plan or U.S. Bank ExtendPay® Loan
- Late payment: $41
- Return payment and overlimit: $39
Your due date is 24 to 30 days after the close of each billing cycle.
- In-person: To find a U.S. Bank ATM or branch location near you, visit usbank.com.
- Online: Make payments electronically via autopay or a one-time payment through the U.S. Bank website.
- Mobile app: Pay via the U.S. Bank mobile app.
- Phone: Call the number found on the back of your card or (800) 285-8585.
- Mail: Send your check or money order through regular mail:
Cardmember Service
PO Box 790408
St. Louis, MO 63179-0408
SKYPASS Visa Signature® Business Card Alternatives
Bank of America Business Advantage Travel Rewards World Mastercard®
Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
BEST FOR:
Earning top rewards on travel purchases booked through Bank of America Travel Center
9 billing cycles
- Earn 30,000 online bonus points after you make at least $3,000 in purchases in the first 90 days of your account opening which can be redeemed for a $300 statement credit towards travel or dining purchases.
- Earn unlimited 1.5 points for every $1 spent, or join Preferred Rewards for Business for no fee, and earn up to an unlimited 2.62 points for every $1 spent on all purchases if you have a Bank of America® business checking account and qualify for Preferred Rewards for Business Platinum Honors tier.
- No limit to the amount of points you can earn and points don't expire as long as your account remains open.
- No annual fee and no international transaction fees.
- Choose how to redeem points for a statement credit to offset travel and dining purchases, travel with no blackout dates at the Bank of America® Travel Center, for cash back or gift cards.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.49% to 28.49% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- Charges $0 annual and foreign transaction fees
- Offers fixed-rate cash back rewards
- Has no blackout dates
Cons
- Does not offer a 0% introductory period on balance transfers
- Requires excellent credit to qualify
- Bank of America doesn’t disclose details of its additional card features. To find out more about these additional features, review your guide to benefits when you receive your card in the mail.
9 billing cycles
- Earn 30,000 online bonus points after you make at least $3,000 in purchases in the first 90 days of your account opening which can be redeemed for a $300 statement credit towards travel or dining purchases.
- Earn unlimited 1.5 points for every $1 spent, or join Preferred Rewards for Business for no fee, and earn up to an unlimited 2.62 points for every $1 spent on all purchases if you have a Bank of America® business checking account and qualify for Preferred Rewards for Business Platinum Honors tier.
- No limit to the amount of points you can earn and points don't expire as long as your account remains open.
- No annual fee and no international transaction fees.
- Choose how to redeem points for a statement credit to offset travel and dining purchases, travel with no blackout dates at the Bank of America® Travel Center, for cash back or gift cards.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.49% to 28.49% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- Charges $0 annual and foreign transaction fees
- Offers fixed-rate cash back rewards
- Has no blackout dates
Cons
- Does not offer a 0% introductory period on balance transfers
- Requires excellent credit to qualify
- Bank of America doesn’t disclose details of its additional card features. To find out more about these additional features, review your guide to benefits when you receive your card in the mail.
You can earn up to 3x points per dollar on your purchases, which you can redeem for travel with no blackout dates in the Bank of America Travel Center or as a statement credit. Plus, you’ll receive up to 75% more rewards if you have a business checking account with Bank of America through the Preferred Rewards for Business program; read our Bank of America business checking review for more information.
This is one of the few business credit cards that doesn’t report to personal credit bureaus. That ensures that your personal credit score won’t be affected by your business transactions
U.S. Bank Business Altitude™ Connect World Elite Mastercard®
U.S. Bank Business Altitude™ Connect World Elite Mastercard®
- Introducing the U.S. Bank Business Altitude Connect™ World Elite Mastercard®, the business travel card that's 5X more rewarding.
- Limited Time Offer: Earn 60,000 bonus points, worth $600 if you spend $6,000 on the Account Owner's card in the first 180 days from account opening.
- Earn 5X points on prepaid hotels and car rentals booked directly in the Rewards Center.
- Earn 4X points on travel, gas and EV charging stations on the first $150,000 in combined annual spend.
- Earn 2X points on dining, takeout, restaurant delivery and cell service providers.
- Earn 1X points on all other eligible spend.
- Rewards never expire.
- Earn a $25 statement credit for every three consecutive monthly taxi or rideshare trips.
- $0 intro annual fee for the first year, $95 per year thereafter.
- Points transfer between business and consumer U.S. Bank Altitude products (excluding Reserve).
- Airport lounge access - Priority Pass™ Digital annual membership with access to more than 1,300 VIP lounges worldwide, plus four complimentary visits per membership year.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022.
- Terms and conditions apply.
Pros
- Large welcome offer
- Priority Pass Digital annual membership with access to more than 1,300 VIP lounges worldwide and four complimentary visits per membership year
- ExtendPay® Plan feature lets you divide your large purchase into fixed monthly installments without interest—only a small monthly fee
Cons
- No 0% APR offers
- Premium rewards on travel and fuel have a maximum cap
- Charges annual fee
- Free employee cards
- ExtendPay® Plan
- Transfer points between your business and personal Altitude cards
- Introducing the U.S. Bank Business Altitude Connect™ World Elite Mastercard®, the business travel card that's 5X more rewarding.
- Limited Time Offer: Earn 60,000 bonus points, worth $600 if you spend $6,000 on the Account Owner's card in the first 180 days from account opening.
- Earn 5X points on prepaid hotels and car rentals booked directly in the Rewards Center.
- Earn 4X points on travel, gas and EV charging stations on the first $150,000 in combined annual spend.
- Earn 2X points on dining, takeout, restaurant delivery and cell service providers.
- Earn 1X points on all other eligible spend.
- Rewards never expire.
- Earn a $25 statement credit for every three consecutive monthly taxi or rideshare trips.
- $0 intro annual fee for the first year, $95 per year thereafter.
- Points transfer between business and consumer U.S. Bank Altitude products (excluding Reserve).
- Airport lounge access - Priority Pass™ Digital annual membership with access to more than 1,300 VIP lounges worldwide, plus four complimentary visits per membership year.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022.
- Terms and conditions apply.
Pros
- Large welcome offer
- Priority Pass Digital annual membership with access to more than 1,300 VIP lounges worldwide and four complimentary visits per membership year
- ExtendPay® Plan feature lets you divide your large purchase into fixed monthly installments without interest—only a small monthly fee
Cons
- No 0% APR offers
- Premium rewards on travel and fuel have a maximum cap
- Charges annual fee
- Free employee cards
- ExtendPay® Plan
- Transfer points between your business and personal Altitude cards
This card comes with a Priority PassTM Digital annual membership, which gives you access to more than 1,300 VIP airport lounges worldwide, with four complimentary visits per membership year. It lets you earn up to 5x points on your purchases and provides a welcome offer of 60,000 bonus points when you meet the spending requirements. Plus, it comes with a $0 introductory annual fee for the first year, and you’ll pay only $95 after that.
card_name
card_name
BEST FOR:
Unlimited 2x miles with every swipe
- Earn a one-time bonus of 50,000 miles - equal to $500 in travel - once you spend $4,500 on purchases within the first 3 months from account opening
- Earn unlimited 2X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won't expire for the life of the account
- Unlimited 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel
- Transfer your miles to 15+ travel loyalty programs
- Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services
- Receive up to a $120 credit for Global Entry or TSA PreCheck(R)
- $0 intro annual fee for the first year; $95 after that
- Free employee cards which also earn unlimited 2X miles from their purchases
Pros
- Provides a welcome offer
- Offers fixed-rate miles rewards on all purchases
- Does not charge balance transfer and foreign transaction fees
Cons
- Does not have a 0% introductory period on purchases and balance transfers
- Charges an annual fee after the first year
- Payment flexibility: Capital One lets you choose your monthly due date, enabling your business to control when to pay.
- Capital One Lounge: Cardholders get two free visits per year to the Capital One Lounge, which offers luxurious amenities and fresh, local food and beverage options.
- Earn a one-time bonus of 50,000 miles - equal to $500 in travel - once you spend $4,500 on purchases within the first 3 months from account opening
- Earn unlimited 2X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won't expire for the life of the account
- Unlimited 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel
- Transfer your miles to 15+ travel loyalty programs
- Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services
- Receive up to a $120 credit for Global Entry or TSA PreCheck(R)
- $0 intro annual fee for the first year; $95 after that
- Free employee cards which also earn unlimited 2X miles from their purchases
Pros
- Provides a welcome offer
- Offers fixed-rate miles rewards on all purchases
- Does not charge balance transfer and foreign transaction fees
Cons
- Does not have a 0% introductory period on purchases and balance transfers
- Charges an annual fee after the first year
- Payment flexibility: Capital One lets you choose your monthly due date, enabling your business to control when to pay.
- Capital One Lounge: Cardholders get two free visits per year to the Capital One Lounge, which offers luxurious amenities and fresh, local food and beverage options.
You can earn up to 5x miles per dollar on your purchases, which you can use on flights, hotels, vacation packages, and more. On top of that, you’ll receive 50,000 miles, which is equal to $500 in travel, when you meet the spending requirements. It also comes with a $0 intro annual fee for the first year; $95 thereafter.
Frequently Asked Questions (FAQs)
As the primary card member, you will receive two complimentary KAL Lounge vouchers after account opening and each anniversary date after the annual fee is paid on time. Note that these vouchers are valid for one year from the date of issue. The vouchers will be credited to your SKYPASS account within 10 business days from the new account opening and up to four to six weeks for anniversary accounts.
You will receive one 5% discount coupon in your SKYPASS account upon account opening and each anniversary year. It takes around 10 business days from the new account opening and up to four to six weeks for anniversary accounts for the coupons to be credited into your SKYPASS account. You can apply the discount coupon to qualified Korean Air ticket purchases made on koreanair.com within one year from the date the coupon is deposited into your SKYPASS account.
Bottom Line
If you fly with Korean Air and other SkyTeam partner airlines frequently, the SKYPASS Visa Signature® Business Card may be a good option. It offers 2x miles for every dollar spent on Korean Air tickets, gas stations, and hotels. Note that other small business credit cards offer a simple rewards structure, let you access several airport lounges, and have $0 annual and foreign transaction fees.
Fit Small Business has partnered with CardRatings for our coverage of credit card products. Fit Small Business and CardRatings may receive a commission from card issuers.
