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Find out what you can do with Korean Air miles and if these are the right cards for you!
What’s the Deal?
When you sign-up for the US Bank Korean Air SkyPass personal card, you’ll earn 15,000 Korean Air miles after your 1st purchase. And when you sign-up for the US Bank Korean Air SkyPass small business card, you’ll earn 10,000 Korean Air miles after your 1st purchase.
You can earn a $100 statement credit with both cards when you spend $2,000 on purchases within the 1st 90 days of opening your account.
To get these offers, you must sign-up by February 29, 2016.
If you were recently approved for a lower offer, it’s worth calling US Bank to see if they’ll match you to this deal.
Other perks that come with both cards include;
- 2 Korean Air miles per $1 you spend on Korean Air
- 1 Korean Air mile per $1 you spend on everything else
- 2 Korean Air VIP Lounge passes (valid only when you fly Korean Air) each cardmember year after payment of the annual fee
- 2,000 bonus Korean Air miles when you renew your card
- No foreign transaction fees
These are Visa Signature cards, so you’ll also get extra perks such as:
- 6 month CLEAR membership
- Purchase protection
- Travel and rental car insurance
- Concierge services
- Access to Visa Signature Luxury Hotels (with perks)
- Shopping discounts
- Access to special events and promotions
- Visa Savings Edge discounts when you enroll (Business card only)
The annual fees of $80 for the personal card and $75 for the small business card are NOT waived. That said, the $100 statement credit more than makes up for the annual fee for the 1st year.
If you apply for these cards and aren’t initially approved, it doesn’t hurt to call US Bank. Sometimes they just need more information to process your application.
Once you meet the minimum spending requirements, the statement credit should post to your account once the statement closes.
The terms say this is a 1-time bonus for new cardholders. And US Bank is usually strict about approving applications. So if you’ve previously signed-up for this card, you may not be able to earn the bonus again.
How Can You Use Korean Air Miles?
Link: Korean Air Award Chart
Or if you need more Korean Air miles, you can transfer Chase Ultimate Rewards points to Korean Air at a 1:1 ratio from your Chase Ultimate Rewards account.
Should You Sign-Up?
This is likely not a good deal for most folks. That’s because we’ve seen higher public offers for this card in the past of 30,000 Korean Air miles.
Plus, US Bank is picky when it comes to approving applications. Although some folks have had success with freezing their IDA and ARS credit reports.
And if you’re saving up for a Korean Air or SkyTeam partner flight, you could sign-up for a Chase Ultimate Rewards card like the Chase Sapphire Preferred or Chase Freedom and then transfer the points to Korean Air.
Note: Chase Freedom cardholders can only transfer Chase Ultimate Rewards points to airline and hotel partners if they also have the Chase Sapphire Preferred, Chase Ink Plus, or Chase Ink Bold (no longer available) card.
Chase Ultimate Rewards is my favorite rewards program because there are so many terrific ways to redeem your points. The Chase Sapphire Preferred is currently offering the highest sign-up bonus I’ve ever seen for this card of 50,000 Chase Ultimate Rewards points when you complete the minimum spending.
Through February 29, 2016, you can now earn 15,000 Korean Air miles when you sign-up for the US Bank Korean Air SkyPass personal card and make your 1st purchase. And you’ll earn 10,000 Korean Air miles with the US Korean Air SkyPass small business card after your 1st purchase.
Both cards will give you a $100 statement credit when you spend $2,000 on purchases within the 1st 90 days of opening your account.
We don’t earn a commission on these cards, but we’ll always tell you about the best deals.
I’ve seen the sign-up bonus for these cards get up to 30,000 Korean Air miles. So it may be worth waiting for a better bonus.
A better option may be Chase Ultimate Rewards cards like the Chase Sapphire Preferred and Chase Freedom. You’ll have lots of flexibility with the points you earn and you can transfer Chase Ultimate Rewards points to Korean Air at a 1:1 ratio.
But do what works best for you!