SKYPASS Visa Signature® Business Card Review for 2022
Tricia has nearly two decades of experience in commercial and federal government lending. Her expertise is highlighted throughout small business loan content on Fit Small Business.
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This article is part of a larger series on Best Small Business Credit Cards.
The SKYPASS Visa Signature® Business Card from U.S. Bank is designed for business owners who travel on Korean Air frequently. You can earn rewards on your purchases, and they can be used for flights and seat upgrades on Korean Air and SkyTeam partners. It comes with a low annual fee, no foreign transaction fee, and other travel perks like lounge access and discount coupons.
If you wish to compare one card over another, choose a maximum of three cards on this page and click Add to compare to view the details in a side-by-side comparison.
SKYPASS Visa Signature® Business Card
Intro APR
None
Regular APR
16.74% to 24.74%
Annual Fee
$95 for Account Owners and $95 for Authorized Employees
Credit Needed
Good to Excellent
- 2 miles for every eligible $1 you spend on Korean Air ticket purchases
- 2 miles for every eligible $1 you spend at gas stations and hotels
- 1 mile for every $1 you spend on all other eligible purchases
Pros
- Low annual fee
- Bonus miles upon renewal
- No foreign transaction fees
Cons
- Additional fee for employee cards
- Low ongoing rewards
- No 0% Intro APR
- Purchase security/extended protection
- Auto rental collision damage waiver
- Travel and emergency assistance services
Intro APR
None
Regular APR
16.74% to 24.74%
Annual Fee
$95 for Account Owners and $95 for Authorized Employees
Credit Needed
Good to Excellent
- 2 miles for every eligible $1 you spend on Korean Air ticket purchases
- 2 miles for every eligible $1 you spend at gas stations and hotels
- 1 mile for every $1 you spend on all other eligible purchases
Pros
- Low annual fee
- Bonus miles upon renewal
- No foreign transaction fees
Cons
- Additional fee for employee cards
- Low ongoing rewards
- No 0% Intro APR
- Purchase security/extended protection
- Auto rental collision damage waiver
- Travel and emergency assistance services
How We Evaluate Travel Rewards Business Credit Cards
When grading travel rewards business credit cards like the SKYPASS Visa Signature® Business Card, we first consider introductory rewards, ongoing rewards, and additional card features. We also take into account the annual fee, ongoing annual percentage rate (APR), and introductory APR.
Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
Ongoing Rewards | 18 | 25 |
Introductory Rewards | 15 | 25 |
Additional Features | 15 | 25 |
Annual Fee | 12 | 15 |
Introductory APR | 0 | 5 |
Ongoing APR | 3 | 5 |
Total Score | 63 | 100 |
Who the SKYPASS Visa Signature® Business Card Is Best For
- Business owners who travel with Korean Air frequently: It offers rewards on Korean Air flights and other travel perks, including discounts and airport lounge coupons.
- Business owners 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 Fees
APRs
- Introductory APR: None
- Ongoing APR: 16.74% to 24.74%, varies with the market based on the prime rate
- Cash advance APR: 26.74%
- Penalty APR: 28.99%, applied if
- You make a payment 15 calendar days late once
- Your payment is returned
- You exceed your credit limit twice in 12 consecutive months
Specific Fees
- Annual fee: $95 for account owners and $95 for every authorized employee
- Balance transfer fee: $5 or 3% of the transfer amount, whichever is greater
- Foreign transaction fee: None
- Cash advance fee: $5 or 4% of the amount of each transaction, whichever is greater
- Late payment fee: $19 on balances up to $100, $29 on balances from $100 to $250, and $39 on balances of over $250
- Return payment fee: $39
How To Make Payments on the SKYPASS Visa Signature® Business Card
- Branch: You can go to a U.S. Bank branch closest to you. To find a U.S. Bank ATM or branch location near you, visit usbank.com.
- Third-party: U.S. Bank accepts payments through a variety of third-party payment methods, such as bill pay and wire transfers.
- Mail: You can send your check or money order through regular mail or overnight delivery. Make sure to include your name and credit card number on your check to avoid processing delays.
Regular Mail | Cardmember Service PO Box 790408 St. Louis, MO 63179-0408 |
Overnight Delivery | Cardmember Service ATTN: 790408 824 N. 11th St. St. Louis, MO 63101-1016 |
SKYPASS Visa Signature® Business Card Rewards
- 30,000 bonus miles after you spend $3,000 within the first 90 days
- 2x miles for every dollar spent on Korean Air tickets
- 2x miles for every dollar spent at gas stations and hotels
- 1x mile for every dollar spent on all other eligible purchases
- 2,000 bonus miles upon card renewal
- $50 coupon for Korean Air ticket purchase each year
- 2x KAL Lounge coupons each year
Redeem miles for flights and seat upgrades on Korean Air and other SkyTeam partners, which include:
- Delta Air Lines
- Air Europa
- Air France
- China Airlines
- China Eastern Airlines
- Aeromexico
- Aerolíneas Argentinas
- Czech Airlines
- Garuda Indonesia
- ITA Airways
- Vietnam Airlines
- Saudia
- Kenya Airways
- KLM
- Middle East Airlines
- XiamenAir
SKYPASS Visa Signature® Business Card Additional Features
Business Tools & Services
You get business tools, such as free quarterly and annual expense reports, online banking, and U.S. Bank Connect, a free online resource to help you grow your business. You’ll also have access to bilingual customer service.
Auto Rental Collision Damage Waiver
You’ll receive auto rental collision damage waiver insurance when you rent a car using this card. You can then decline the rental company’s collision damage waiver option and receive coverage through Visa for collision damage or theft. Certain conditions and exclusions apply, so refer to the SKYPASS Visa Guide to Benefits for complete details.
Purchase Security & Extended Protection
Visa offers extended protection that lengthens the manufacturer’s warranty on purchases made with this card. Your new purchases are also covered with purchase security in case they’re damaged or stolen. See the SKYPASS Visa Guide to Benefits for more information on the amount of coverage and other limitations.
Roadside Dispatch
This feature provides access to services like towing, tire changing, jump-starting, winching, lockout service, and limited fuel delivery—though the cardholder is responsible for the cost of the service. For more information on exclusions and limitations, refer to the SKYPASS Visa Guide to Benefits.
Pros & Cons of the SKYPASS Visa Signature® Business Card
| PROS | CONS |
|---|---|
| Low annual fee: For an annual fee of $95, you can enjoy earning unlimited rewards on your business-related purchases. | Additional fee for employee cards: Unlike most other business credit cards, it charges an additional $95 fee for every authorized employee card. |
| Bonus miles upon renewal: You will earn an additional 2,000 bonus miles upon card renewal without spending requirements. | Low ongoing rewards: Even though this is a cobranded credit card with Korean Air, it only offers 2x miles for every dollar spent on Korean Air ticket purchases, which is lower compared to other cobranded airline credit cards. |
| No foreign transaction fees: Similar to most travel rewards business credit cards, this doesn’t charge international transaction fees. | No 0% Intro APR: It doesn’t offer interest-free financing, which may not be a good option if you plan to make a large purchase or transfer a balance from another credit card. |
SKYPASS Visa Signature® Business Card Alternatives
Capital One® Spark® Miles for Business
Capital One® Spark® Miles for Business comes with a low annual fee of $95, waived for the first year. You can earn fixed-rate rewards on your purchases, which can be redeemed for travel. You can also earn 50,000 bonus miles when you spend $4,500 on purchases within the first three months after opening an account. There’s no foreign transaction fee, making it one of our best business credit cards for travel.
Capital One® Spark® Miles for Business
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Unlimited 2x miles with every swipe
Intro APR
N/A
Regular APR
21.24% (Variable)
Annual Fee
$0 intro for first year; $95 after that
Credit Needed
Excellent, Good
- Introductory reward worth $500 in travel after you spend $4,500 within the first three months
- 2x miles per $1 spent
- Issue employee cards for free
Pros
- No foreign transaction fees
- TSA PreCheck® or Global Entry application fee credit
Cons
- You’ll pay an annual fee after the first year
- Doesn’t offer interest-free financing
- Airport security screening reimbursement: Either a $100 statement credit for Global Entry or an $85 statement credit for TSA PreCheck® once every four years.
- Purchase assurance: Most purchases made entirely with your card are covered if damaged or stolen within 90 days from the date of purchase. Coverage is limited to $10,000 per claim and $50,000 per cardholder account per 12 month period.
- Extended warranty coverage: Doubles the original warranty time period and duplicates the coverage of the original manufacturer’s warranty up to a maximum of 12 months on most items you purchase.
- Travel medical emergency assistance: Provide referrals to medical services if you have a medical emergency while traveling. You’re covered if you’re 100 or more miles away from home and from the day you leave until midnight of the 60th day of your trip, or the day you return to your city of residence, whichever is sooner.
Intro APR
N/A
Regular APR
21.24% (Variable)
Annual Fee
$0 intro for first year; $95 after that
Credit Needed
Excellent, Good
- Introductory reward worth $500 in travel after you spend $4,500 within the first three months
- 2x miles per $1 spent
- Issue employee cards for free
Pros
- No foreign transaction fees
- TSA PreCheck® or Global Entry application fee credit
Cons
- You’ll pay an annual fee after the first year
- Doesn’t offer interest-free financing
- Airport security screening reimbursement: Either a $100 statement credit for Global Entry or an $85 statement credit for TSA PreCheck® once every four years.
- Purchase assurance: Most purchases made entirely with your card are covered if damaged or stolen within 90 days from the date of purchase. Coverage is limited to $10,000 per claim and $50,000 per cardholder account per 12 month period.
- Extended warranty coverage: Doubles the original warranty time period and duplicates the coverage of the original manufacturer’s warranty up to a maximum of 12 months on most items you purchase.
- Travel medical emergency assistance: Provide referrals to medical services if you have a medical emergency while traveling. You’re covered if you’re 100 or more miles away from home and from the day you leave until midnight of the 60th day of your trip, or the day you return to your city of residence, whichever is sooner.
Delta SkyMiles® Gold Business American Express Card
The Delta SkyMiles® Gold Business American Express Card is best for those who fly with Delta Airlines frequently. It offers access to in-flight savings, free checked bags, and unlimited rewards that can be redeemed toward flights, seat upgrades, car rentals, merchandise, and gift cards. It comes with a low annual fee and no foreign transaction fees.
Delta SkyMiles® Gold Business American Express Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Delta Air Lines flyers and earning rewards outside of Delta purchases
Intro APR
N/A
Regular APR
17.99% - 26.99% Variable
Annual Fee
$0 introductory annual fee for the first year, then $99
Credit Needed
Good, Excellent
- Welcome Offer: Earn 50,000 Bonus Miles after spending $2,000 in purchases on your new Card in your first 3 months of Card Membership.
- Check or stow your bag with ease: First Checked Bag Free on Delta Flights + Main Cabin 1 Priority Boarding.
- Earn 2 Miles on every dollar spent on eligible purchases made directly with Delta, on every dollar spent on eligible U.S. purchases for advertising in select media, on every dollar spent on eligible U.S. shipping purchases, on every eligible dollar spent at restaurants. Earn 1 Mile on every eligible dollar spent on other purchases.
- Additionally, receive a $100 Delta Flight Credit to use toward future travel after you spend $10,000 in purchases on your Card in a calendar year.
- Pay no foreign transaction fees when you travel overseas.
- $0 introductory annual fee for the first year, then $99.
- Terms and limitations apply.
Pros
- Low annual fee
- No foreign transaction fees
- Earn a $100 Delta flight credit
Cons
- Balance transfers aren’t allowed
- No free or discounted Delta Sky Club access
- No 0% introductory APR
- Free checked bag: Check one bag for free for you and up to eight companions
- Savings on inflight purchases: Receive a 20% discount on inflight purchases you make with your American Express Gold Delta SkyMiles® Business Credit Card
- Baggage insurance: If your luggage is lost, damaged, or stolen, you’re eligible for coverage of up to $1,250 for carry-on baggage and $500 for checked bags
- Car rental insurance: Coverage is primary, which means it replaces any coverage your personal insurance might offer when renting for business purposes; it provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the US and abroad
Intro APR
N/A
Regular APR
17.99% - 26.99% Variable
Annual Fee
$0 introductory annual fee for the first year, then $99
Credit Needed
Good, Excellent
- Welcome Offer: Earn 50,000 Bonus Miles after spending $2,000 in purchases on your new Card in your first 3 months of Card Membership.
- Check or stow your bag with ease: First Checked Bag Free on Delta Flights + Main Cabin 1 Priority Boarding.
- Earn 2 Miles on every dollar spent on eligible purchases made directly with Delta, on every dollar spent on eligible U.S. purchases for advertising in select media, on every dollar spent on eligible U.S. shipping purchases, on every eligible dollar spent at restaurants. Earn 1 Mile on every eligible dollar spent on other purchases.
- Additionally, receive a $100 Delta Flight Credit to use toward future travel after you spend $10,000 in purchases on your Card in a calendar year.
- Pay no foreign transaction fees when you travel overseas.
- $0 introductory annual fee for the first year, then $99.
- Terms and limitations apply.
Pros
- Low annual fee
- No foreign transaction fees
- Earn a $100 Delta flight credit
Cons
- Balance transfers aren’t allowed
- No free or discounted Delta Sky Club access
- No 0% introductory APR
- Free checked bag: Check one bag for free for you and up to eight companions
- Savings on inflight purchases: Receive a 20% discount on inflight purchases you make with your American Express Gold Delta SkyMiles® Business Credit Card
- Baggage insurance: If your luggage is lost, damaged, or stolen, you’re eligible for coverage of up to $1,250 for carry-on baggage and $500 for checked bags
- Car rental insurance: Coverage is primary, which means it replaces any coverage your personal insurance might offer when renting for business purposes; it provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the US and abroad
Hilton Honors American Express Business Card
If you primarily stay at Hilton properties and don’t have a preferred airline, the Hilton Honors American Express Business Card is an excellent choice. Aside from earning premium rewards, you get 10 complimentary lounge visits through Priority PassTM Select, letting you access over 1,200 elite airport lounges around the world. This is the reason why it’s one of our top business credit cards with airport lounge access.
The Hilton Honors American Express Business Card
BEST FOR:
Maximizing rewards on Hilton-related purchases
Intro APR
N/A
Regular APR
17.99% - 26.99% Variable
Annual Fee
$95
Credit Needed
Good, Excellent
- Welcome Offer: Earn 130,000 Hilton Honors Bonus Points after you spend $3,000 in purchases on the Hilton Honors Business Card in the first 3 months of Card Membership.
- Earn Hilton Honors Bonus Points for each dollar of eligible purchases on your Card: 12X at hotels and resorts in the Hilton portfolio, 6X at US gas stations, on US purchases for shipping, on wireless telephone services purchased directly from US service providers, on flights booked directly with airlines or with Amex Travel, on car rentals booked directly from select car rental companies, and at US restaurants, 3X on all other eligible purchases.
- Enjoy complimentary Hilton Honors Gold Status with your Hilton Honors Business Card.
- Earn a Weekend Night Reward from Hilton Honors after you spend $15,000 in purchases on your Card in a calendar year.
- Earn another Weekend Night Reward from Hilton Honors after you spend an additional $45,000 in purchases on your Card in the same calendar year.
- Terms apply.
Pros
- Low annual fee
- No foreign transaction fees
Cons
- Redemption options other than hotel stays are poor
- Balance transfers not allowed
- No 0% introductory APR
- Complimentary Gold Status: You will receive complimentary Hilton Honors Gold Status, which gets you additional benefits like complimentary breakfast and rollover nights.
- Free weekend night reward: Earn a free weekend night reward after you spend $15,000 in one year; earn a second weekend night reward after you spend $60,000 in one year.
- Purchase protection: Covers your purchases for 120 days from purchase date if they’re damaged or stolen; coverage is limited to $1,000 per item and $50,000 per year.
- Extended warranty protection: Offers up to an additional two years of coverage on manufacturers’ warranties of five years or less.
Intro APR
N/A
Regular APR
17.99% - 26.99% Variable
Annual Fee
$95
Credit Needed
Good, Excellent
- Welcome Offer: Earn 130,000 Hilton Honors Bonus Points after you spend $3,000 in purchases on the Hilton Honors Business Card in the first 3 months of Card Membership.
- Earn Hilton Honors Bonus Points for each dollar of eligible purchases on your Card: 12X at hotels and resorts in the Hilton portfolio, 6X at US gas stations, on US purchases for shipping, on wireless telephone services purchased directly from US service providers, on flights booked directly with airlines or with Amex Travel, on car rentals booked directly from select car rental companies, and at US restaurants, 3X on all other eligible purchases.
- Enjoy complimentary Hilton Honors Gold Status with your Hilton Honors Business Card.
- Earn a Weekend Night Reward from Hilton Honors after you spend $15,000 in purchases on your Card in a calendar year.
- Earn another Weekend Night Reward from Hilton Honors after you spend an additional $45,000 in purchases on your Card in the same calendar year.
- Terms apply.
Pros
- Low annual fee
- No foreign transaction fees
Cons
- Redemption options other than hotel stays are poor
- Balance transfers not allowed
- No 0% introductory APR
- Complimentary Gold Status: You will receive complimentary Hilton Honors Gold Status, which gets you additional benefits like complimentary breakfast and rollover nights.
- Free weekend night reward: Earn a free weekend night reward after you spend $15,000 in one year; earn a second weekend night reward after you spend $60,000 in one year.
- Purchase protection: Covers your purchases for 120 days from purchase date if they’re damaged or stolen; coverage is limited to $1,000 per item and $50,000 per year.
- Extended warranty protection: Offers up to an additional two years of coverage on manufacturers’ warranties of five years or less.
Bottom Line
If you frequently fly with Korean Air and other SkyTeam partner airlines, the SKYPASS Visa Signature® Business Card may be a good option. Keep in mind, however, that the flight destinations offered by these airlines are limited. Check out our credit card marketplace and roundup of the best small business credit cards to find other options.
