SKYPASS Visa Signature® Business Card Review for 2023
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.
Nancy Fernandez is a Credit Card and Insurance Expert at Fit Small Business, specializing in business credit cards and business insurance.
This article is part of a larger series on Best Small Business Credit Cards.
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. You can earn rewards on your purchases, which 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, select 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
BEST FOR:
Those who travel with Korean Air frequently
Intro APR
None
Regular APR
22.24% to 29.24% variable
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
- Charges low annual fee for a travel rewards business credit card
- Offers bonus miles upon renewal
- Doesn’t charge foreign transaction fees
Cons
- Doesn’t have 0% introductory APR
- With additional fees for employee cards
- Low ongoing rewards
- Morning Calm Club membership: Cardholders are entitled to exclusive check-in services, KAL lounge access, priority baggage handling, and SkyTeam Elite member status.
- 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.
Intro APR
None
Regular APR
22.24% to 29.24% variable
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
- Charges low annual fee for a travel rewards business credit card
- Offers bonus miles upon renewal
- Doesn’t charge foreign transaction fees
Cons
- Doesn’t have 0% introductory APR
- With additional fees for employee cards
- Low ongoing rewards
- Morning Calm Club membership: Cardholders are entitled to exclusive check-in services, KAL lounge access, priority baggage handling, and SkyTeam Elite member status.
- 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.
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 rate the annual fee and ongoing and introductory annual percentage rates (APRs).
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
- 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.
If this card doesn’t fit your small business needs, check out our recommended alternatives below.
SKYPASS Visa Signature® Business Card Fees
APRs
- Introductory: None
- Ongoing and balance transfer: 22.24% to 29.24% variable, which adjusts with the prime rate
- Cash advance: 30.24% variable, which adjusts with the prime rate
- Penalty: 31.49% 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
Note that Penalty APR will apply until you make six consecutive minimum payments when due and not exceed your credit limit during that period.
Fees
- Minimum interest charge: No less than $1
- Annual: $95 for account owners and $95 for every authorized employee
- Balance transfer and convenience check cash advance: $5 minimum or 3% of the amount, whichever is greater
- Cash advance ATM and cash advance: $5 minimum or 4% of the amount of each advance, whichever is greater
- Cash equivalent advance: $10 minimum or 4% of the amount of each advance, whichever is greater
- Foreign transaction and overdraft protection: None
- Late payment:
- $19 on balances up to $100
- $29 on balances from $100 to $250
- $39 on balances of over $250
- Return payment and overlimit: $39
Your due date is 24 to 30 days after the close of each billing cycle.
SKYPASS Visa Signature® Business Card Rewards
Bonus Miles
- 30,000 bonus miles after spending $3,000 within the first 90 days
- 2,000 bonus miles at renewal
Accelerated Earn
- 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
Exclusive from Korean Air
- $50 coupon for Korean Air ticket purchase each year
- 2x KAL Lounge coupons each year
Redeem Korean Air mileage for flights, and seat upgrades on Korean Air and other SkyTeam partners, which include:
- Aeroflot
- AerolineasArgentinas
- AeroMexico
- AirEuropa
- AirFrance
- China Airlines
- China Eastern
- Czech Airlines
- Delta Airlines
- Garuda Indonesia
- Kenya Airways
- KLM Royal Dutch Airlines
- MEA
- Saudia
- TAROM
- Vietnam Airlines
- Xiamen Air
You can use your Korean Air mileage on both the Korean Air website and the mobile app. Also, you can use between 500 miles and 20% of airfare (excluding tax and fuel surcharges).
How To Make Payments on the SKYPASS Visa Signature® Business Card
- 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 iOS and Android 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 Features
Exclusive from Korean Air
- Morning Calm Club membership: Cardholders are entitled to exclusive check-in services, KAL lounge access, priority baggage handling, and SkyTeam Elite member status.
- Visa Business reporting: You can manage expenses made by your employees and set customizable spending rules through U.S. Bank’s Visa Business Spending.
Travel Benefits
- Travel accident insurance: You and your eligible dependents are covered for Accidental Death and Dismemberment Insurance when you charge your whole trip to this card. Note that restrictions and limitations apply, so call the number on the back of your card for more information.
- T&E assistance services: Visa provides assistance and referrals 24/7 while you’re traveling. Restrictions and limitations may apply, so check your SKYPASS Visa Guide to Benefits for more information.
- Auto rental collision damage waiver: You’ll receive auto rental collision damage waiver insurance when you rent a car using this card. Decline the rental company’s collision damage waiver option to receive coverage through Visa for collision damage or theft. Certain conditions and exclusions apply; review the SKYPASS Visa Guide to Benefits for complete details.
- Roadside dispatch: This provides access to towing, tire changing, jump-starting, winching, lockout service, and limited fuel delivery. Note that the cardholder is responsible for the cost of the service. For more information on exclusions and limitations, refer to your SKYPASS Visa Guide to Benefits.
Purchase Protection
- Purchase security and extended protection: Visa offers extended protection that lengthens the manufacturer’s warranty on purchases made with this card. Refer to your SKYPASS Visa Guide to Benefits for more information on the amount of coverage and other limitations.
SKYPASS Visa Signature® Business Card Alternatives
Capital One® Spark® Miles Select for Business
Capital One® Spark® Miles Select 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:
Travel rewards and annual spending less than $19,000
Intro APR
0% on purchases
Regular APR
18.24% to 28.24% (Variable)
Annual Fee
$0
Credit Needed
Excellent, Good
- Introductory reward worth $200 in travel after you spend $3,000 within the first three months
- 1.5x miles per $1 spent
- 5x miles on hotel and rental car bookings through the issuer
- Issue employee cards for free
Pros
- No foreign transaction fees
- Interest-free financing on purchases
Cons
- No 0% APR balance transfer offer
- Limited list of airline partners
- 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
0% on purchases
Regular APR
18.24% to 28.24% (Variable)
Annual Fee
$0
Credit Needed
Excellent, Good
- Introductory reward worth $200 in travel after you spend $3,000 within the first three months
- 1.5x miles per $1 spent
- 5x miles on hotel and rental car bookings through the issuer
- Issue employee cards for free
Pros
- No foreign transaction fees
- Interest-free financing on purchases
Cons
- No 0% APR balance transfer offer
- Limited list of airline partners
- 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.
- Capital One® Spark® Miles Select for Business is a viable option if you want a fixed-rate rewards system
- Lets you earn 5x on hotels and rental cars booked through Capital One Travel and unlimited 1.5x miles on all other purchases
- Has a 0% introductory APR on purchases for the first nine billing cycles
- Doesn’t charge annual and foreign transaction fees
- Is our top-recommended business credit card for travel and one of our best business credit cards for miles
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
BEST FOR:
0% APR for 15 billing cycles
Intro APR
Regular APR
18.49% - 27.49% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good
- Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 days of opening your account.
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® the card that gives back on all your eligible business needs.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants.
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No limit on total cash back earned.
- Rewards never expire.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks
- 0% Intro APR on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 18.49% - 27.49%.
- No annual fee.
- Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
Pros
- 0% APR applies to both purchases and balance transfers
- Unlimited cash back rewards
- No annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
Intro APR
Regular APR
18.49% - 27.49% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good
- Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 days of opening your account.
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® the card that gives back on all your eligible business needs.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants.
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No limit on total cash back earned.
- Rewards never expire.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks
- 0% Intro APR on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 18.49% - 27.49%.
- No annual fee.
- Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
Pros
- 0% APR applies to both purchases and balance transfers
- Unlimited cash back rewards
- No annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
- U.S. Bank Business Triple Cash Rewards World Elite Mastercard® is an excellent choice for those who want a U.S. Bank business credit card with a long interest-free financing option
- Has a 0% introductory APR on purchases and balance transfers for the first 15 billing cycles
- Lets you earn 5% cash back on prepaid hotels and car rentals directly booked in the Travel Rewards Center; 3% cash back on eligible purchases at gas and electric vehicle (EV) charging stations, office supply stores, cell phone service providers, and restaurants, and; 1% cash back on all other eligible purchases.
- Doesn’t charge annual fees
- Is one of our top-recommended 0% APR business credit cards
American Express Business Platinum Card®
The Business Platinum Card® from American Express
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:
Gaining access to unrivaled travel rewards and luxury travel perks like airport lounge access
Intro APR
N/A
Regular APR
18.74% - 26.74% Variable
Annual Fee
$695
Credit Needed
Good, Excellent
- Welcome Offer: Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership.
- Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com, and 1X points for each dollar you spend on eligible purchases.
- Earn 1.5X points (that’s an extra half point per dollar) on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.
- Unlock over $1,000 in value per year for statement credits on select purchases, including tech, recruiting and wireless with the Business Platinum Card.
- $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to your Card or any of the Additional Cards on your Platinum Card account.
- $189 CLEAR® Credit: CLEAR® uses biometrics to assign you a touchless ID, allowing you to move faster through security at select airports and stadiums across the U.S. You can cover the cost of a CLEAR membership with up to $189 in statement credits per calendar year after you pay for CLEAR with your Business Platinum Card®.
- The American Express Global Lounge Collection® can provide an escape at the airport. With more than 1,400 airport lounges across 140 countries and counting, you have more lounge location options than any other credit card on the market as of 9/2021.
- $695 Annual Fee.
- Terms Apply.
Pros
- Premium travel rewards
- Free access to more than 1,300 airport lounges worldwide
- No foreign transaction fees
Cons
- Balance is due in full monthly
- High annual fee
- American Express lounges: Free access to American Express’ network of Centurion lounges located in slightly less than a dozen United States airports.
- Other airport lounges: Priority Pass Select membership, which gets you free access to more than 1,300 lounges worldwide for you and two guests.
- Airport screening: Either a $100 statement credit for Global Entry every four years or an $85 statement credit for TSA PreCheck® once every 4 1/2 years.
- Travel credit: Up to $200 annual statement credit toward air travel expenses like baggage fees and inflight food and drink.
- Rental status: Elite status at a number of car rental agencies.
- Free Wi-Fi: 10 annual free Gogo inflight Wi-Fi passes.
- Rebate for redeemed points: 35% points rebate if you book a business or first-class flight, up to 500,000 bonus points per calendar year.
- Dell statement credit: Up to $400 in statement credits annually for Dell purchases.
Intro APR
N/A
Regular APR
18.74% - 26.74% Variable
Annual Fee
$695
Credit Needed
Good, Excellent
- Welcome Offer: Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership.
- Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com, and 1X points for each dollar you spend on eligible purchases.
- Earn 1.5X points (that’s an extra half point per dollar) on eligible purchases at US construction material & hardware suppliers, electronic goods retailers and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.
- Unlock over $1,000 in value per year for statement credits on select purchases, including tech, recruiting and wireless with the Business Platinum Card.
- $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to your Card or any of the Additional Cards on your Platinum Card account.
- $189 CLEAR® Credit: CLEAR® uses biometrics to assign you a touchless ID, allowing you to move faster through security at select airports and stadiums across the U.S. You can cover the cost of a CLEAR membership with up to $189 in statement credits per calendar year after you pay for CLEAR with your Business Platinum Card®.
- The American Express Global Lounge Collection® can provide an escape at the airport. With more than 1,400 airport lounges across 140 countries and counting, you have more lounge location options than any other credit card on the market as of 9/2021.
- $695 Annual Fee.
- Terms Apply.
Pros
- Premium travel rewards
- Free access to more than 1,300 airport lounges worldwide
- No foreign transaction fees
Cons
- Balance is due in full monthly
- High annual fee
- American Express lounges: Free access to American Express’ network of Centurion lounges located in slightly less than a dozen United States airports.
- Other airport lounges: Priority Pass Select membership, which gets you free access to more than 1,300 lounges worldwide for you and two guests.
- Airport screening: Either a $100 statement credit for Global Entry every four years or an $85 statement credit for TSA PreCheck® once every 4 1/2 years.
- Travel credit: Up to $200 annual statement credit toward air travel expenses like baggage fees and inflight food and drink.
- Rental status: Elite status at a number of car rental agencies.
- Free Wi-Fi: 10 annual free Gogo inflight Wi-Fi passes.
- Rebate for redeemed points: 35% points rebate if you book a business or first-class flight, up to 500,000 bonus points per calendar year.
- Dell statement credit: Up to $400 in statement credits annually for Dell purchases.
- American Express Business Platinum Card® is a good alternative if you want access to several airport lounges for you and up to two guests
- Lets you and up to two guests enjoy complimentary access to The Centurion Lounge—1,300 airport lounges in 140 countries around the world
- Offers 5x points on flights and prepaid hotels on amextravel.com, 1.5x points on eligible purchases in key business categories and on every purchase of $5,000 or more everywhere else, and 1x points on all other purchases
- Charges $695 in annual fees
- Is our leading business credit card with airport lounges and one of our best business credit cards for travel
For more options, see our guides on the best U.S Bank business credit cards and the best small business credit cards.
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. 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 long 0% interest-free financing period, give you and your companions access to several airport lounges, and have no annual and foreign transaction fees.
