Asiana Visa Signature Credit Card | finder.com

Review: Asiana Visa Signature® Credit Card — April 2018

A solid card for frequent Asiana Airlines flyers, though as a general travel card it’s outclassed by several competitors.

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Known for: The card for loyal Asiana Airlines customers
Minimum credit score: 680 (Good)

The Asiana Visa Signature is a good choice if you fly often with Asiana Airlines, as it offers a decent 3 miles per dollar spent on Asiana purchases, along with other ways to earn miles. But consider whether your yearly spending creates enough bonus miles for you, since the card comes with a $99 p.a. annual fee.

Product NameAsiana Visa Signature® Credit Card
Balance Transfer Rate (not intro)16.24% to 24.24% variable
APR for Purchases ( Purchase Rate )16.24% to 24.24% variable
Annual fee$99
Cash Advance Rate19.24% to 26.24% variable
Card TypeVisa
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 25 days
Returned Payment Fee$27
Minimum Interest$1.50
Minimum Credit ScoreFair (660-699)
Minimum Age18 years of age
Annual fee$99
Returned Payment Fee$27
Late Payment Fee$38
Cash Advance Fee$10 or 3% of the amount of each transaction, whichever is greater

Asiana Visa Signature Credit Card at a glance


Points

  • Bonus miles on signup: 30,000
  • Bonus miles conditions: $3,000 in purchases within the first 90 days
  • Rewards miles per dollar: 3 miles for every dollar spent in Asiana Airlines purchases; 2 miles for every dollar spent on gas and groceries; 1 mile for every dollar spent on all other purchases
  • Rewards miles cap: 200,000 each calendar year
  • Miles expiration: 10 years for Magic Miles/Silver/Gold members; 12 years for Diamond members or higher


Purchases, balance transfers and cash advances

  • APR for purchases (purchase rate): 16.24% to 24.24% variable based on your credit
  • Intro APR for balance transfers: No lower intro APR is offered
  • Balance transfer request time: Allow 2 weeks
  • Balance transfer limit: Up to credit limit
  • Cash advance rate: 19.24% to 26.24% variable (based on your credit) for direct deposit and check cash advances; 25.74% for bank cash advances
  • Penalty APR: Up to 29.99%


Fees

  • Annual fee: $99 p.a.
  • Balance transfer fee: the amount of each transaction, $10 or 3 (whichever is greater)
  • Cash advance fee: the amount of each transaction, $10 or 3 (whichever is greater) for direct deposit and check cash advances; $10 or 5% of the transaction amount (whichever is greater) for ATM, over-the-counter, same-day online, and cash equivalent cash advances; $12 per transaction for overdraft protection cash advances (if enrolled)
  • Foreign transaction fee: None
  • Late payment fee: Up to $38
  • Returned payment fee: Up to $27.00
  • Minimum interest: $1.50

Is the Asiana Visa Signature Credit Card worth it?

It might be worth taking a look at the Asiana Visa Signature if you’re a frequent Asiana Airlines flyer: The card comes with a 30,000-mile introductory bonus and a 3 mile multiple on Asiana spending. You’ll also enjoy yearly bonuses like invitations to the Asiana Airlines lounge, a 10,000 Bonus Miles Certificate, and a $100 annual rebate on purchased Asiana flights.

Beyond offering no foreign transaction fees, the card does leave something to be desired in terms of consistent perks. The yearly gifts are solid, but more regular rewards like a free checked bag each flight or discounts on in-flight purchases (like the JetBlue Plus card offers, for example) would be very welcome.

The Asiana Visa Signature comes with a $99 p.a. annual fee, so consider your typical spending and the resulting bonus miles you’ll earn. For that price, there may be better travel cards for you like the Barclaycard Arrival Plus ($89 annual fee, waived for the first year) and the Chase Sapphire Preferred ($95 annual fee, waived for the first year).

What are the benefits of the Asiana Visa Signature Credit Card?

  • 30,000-mile introductory bonus. Earn 30,000 bonus miles after you spend $3,000 in the first 90 days.
  • 3x miles on Asiana Airlines purchases. For every dollar you spend at Asiana Airlines, you’ll earn 3 miles.
  • 2x miles on gas and groceries. For every dollar you spend on gas and groceries, you’ll earn 2 miles.
  • 1x mile on everything else. For every dollar you spend in all other categories, you’ll earn 1 mile.
  • Annual bonuses for being a cardholder. Every year, you’ll receive 2 invitations to Asiana Airlines lounges, a 10,000 Bonus Miles Certificate, and a $100 rebate on Asiana ticket purchases. (See the FAQs section below for more details.)
  • No foreign transaction fees. You can make international purchases with your card without having to pay a foreign transaction fee.

What to watch out for

  • $99 p.a. annual fee. The card’s features are mostly geared toward Asiana flights, so consider whether your spending (and flying frequency on Asiana) makes the fee worth paying.
  • Higher APR range for cash advances. Direct deposits and check cash advances come with a higher APR range of 19.24% to 26.24% variable. Bank cash advances come with a 25.74% APR. You’ll also need to pay cash advance fees.
  • Common fees. Though the Asiana card doesn’t come with foreign transaction fees, it does come with balance transfer and cash advance fees, which is typical of most credit cards.
  • Sliding APR scale. Depending on your credit, your APR will be set between 16.24% to 24.24% variable.

Am I eligible?

If you’d like to apply for the Asiana Visa Signature, we recommend meeting these requirements first:

  • Good to excellent credit (680+). Since the Asiana Visa Signature is a rewards card, it’s recommended you apply with fairly strong credit.
  • At least 18 years of age or at least 21 years of age if you’re a permanent resident of Puerto Rico. Unfortunately, you can’t be approved if you don’t meet this requirement.

What information do I need to apply?

  • Your name and residential address
  • Your employment information
  • Your email address, phone number and date of birth
  • Financial information like your annual income

Compare other Bank of America credit cards

Rates last updated April 21st, 2018
Name Product APR for Purchases ( Purchase Rate ) Intro APR for Balance Transfer Annual fee Product Description
Spirit Airlines™ World Mastercard®
14.24% to 24.24% variable
$0 annual fee for the first year ($59 thereafter)
15000 bonus miles after your first purchase–enough for up to 3 roundtrip off-peak award tickets with taxes and fees from $12 per award.
Asiana Visa Signature® Credit Card
16.24% to 24.24% variable
$99
No matter where you're travelling, feel free to use your Asiana Visa Signature® credit card without incurring foreign transaction fees when making purchases.
Allegiant World Mastercard®
14.24% to 24.24% variable
0% Intro APR for 12 statement closing dates following the opening of your account (with whichever is greater, $10 or 3% balance transfer fee)
$59
Earn 15000 Bonus Points - equal to $150 off your next Allegiant trip, after you make $1,000 or more in purchases within the first 90 days
Alaska Airlines Visa Signature® Card
16.24% to 24.24% variable
$75
Buy one ticket, get one for just the taxes and fees with Alaska’s Famous Companion Fare™ offer.
BankAmericard® Secured Credit Card
21.49% variable
$39
Help establish, strengthen — even rebuild your credit
BankAmericard Cash Rewards™ Credit Card
14.49% to 24.49% variable
0% Intro APR for 12 statement closing dates (with whichever is greater, $10 or 3% balance transfer fee)
$0
Earn more cash back for the things you buy most.
BankAmericard Travel Rewards® Credit Card
16.24% to 24.24% variable
$0
Ditch the restrictions of typical airline rewards cards. Any airline, any hotel, anytime. No blackout dates.

Compare up to 4 providers

How to apply for the Asiana Visa Signature Credit Card

Always consider your options and your financial situation before you apply for a credit card.

  1. Head over to the application page at Bank of America.
  2. Click on the “Apply Now” button on the Bank of America page.
    Asiana Visa Signature Credit Card
  3. Fill out the application with general information about yourself (name, address, etc.), financial information (employment, income, etc.) and contact information.
  4. Agree to the terms and conditions.
  5. Review your information and submit your application.

I got the credit card! Now what?

Keep these tips in mind while using your card:

  • Keep making monthly payments on time. Paying late even once can hurt. You may incur a penalty APR of up to 29.99% that may last indefinitely. You may also incur a late fee of up to $$38.
  • Schedule automatic payments with Bank of America. You can schedule full or minimum payments.
  • Know how to contact Bank of America if you have an issue:

Call customer service: 1.800.732.9194.
Direct message them on Twitter: @BofA_Help
Private message them on Facebook using the app: www.facebook.com/BankofAmerica

Bottom line

There are better general travel cards out there, but the Asiana Visa Signature is a solid choice if you regularly fly Asiana.

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