SKYPASS Visa Secured Card 5,000 Bonus Miles ($85 Value)

The Korean Air SKYPASS Visa Secured Card has an introductory offer of: 5,000 SKYPASS bonus miles when charge your card for the first time. The value for these points will be worth about $85. Even though this isn’t the best welcome offer there is, there aren’t lots of secured credit cards that would give you the same perks.

Compared to other rewards programs that would normally accept people with bad credit, the SKYPASS Visa Secured is different. They will offer you 1x miles for all expenses for free flights. You’ll even get extra 1,000 bonus miles each year after your membership has been renewed. You can do all of this while you work on your credit score.

You would have to punctually pay off your bills for 12 months, then you would be able to get the unsecured choice for the SKYPASS card like the SkyBlue SKYPASS Visa Card for example.

SKYPASS Visa Secured Card Quick Facts

*SKYPASS Visa is issued by U.S. Bank. Compare this card to their other credit card offers.*

Editor’s Alternate Pick

With the Capital One Platinum Secured: Unlike a prepaid card, this card will help you build credit when used responsibly, with regular reporting to the 3 major credit bureaus. You'll get an initial $200 credit line after making a security deposit of $49, $99, or $200, determined based on your creditworthiness; and be automatically considered for a higher credit line in as little as 6 months with no additional deposit needed Get access to your account 24 hours a day, 7 days a week with online banking to access your account from your desktop or smartphone, with Capital One's mobile app This card comes with no annual fee, and all the credit building benefits with responsible card use. Learn More About This Card

SKYPASS Visa Secured Card 5,000 Bonus Points Offer

Make use of the SKYPASS Visa Secured card’s introductory offer of: 5,000 SKYPASS bonus miles. The evaluation of their points will be worth about $85 (more on that later). It’s not a lot to offer but there aren’t many secured credit cards that normally offer this in general.

You have to charge your card for the first time to be able to qualify for this secured credit card offer. There won’t be any spending or time limitations placed on this card.

What are Korean Air SKYMILES Worth?

Compared to other airline branded credit cards, depending on how you decide to use your miles will reflect their worth. Typically, every SKYPASS mile will be worth about $0.017. This is a good point value since the average is normally around about $0.01 for each point. This would kind of make up for the low earning rate for this credit card.

Your SKYPASS miles will be able to be used for:

• Flights (Korean Air, SkyTeam partners, non-SkyTeam partners)
• Upgrades (Korean Air, SkyTeam partners)
• KAL Lounge access
• Excess baggage (Korean Air)
• Hotel stays
• Car rentals
• KAL limousines
• Merchandise
• Coatroom Service
• Visits to Jeju Folk Village Museum

To receive the best value for you SKYPASS miles, then you should use them towards flights with Korean Air or any of their partnered airlines. However, when you redeem your rewards like this, it won’t be the easiest thing to do. But the extra effort will be worth getting a better value for your miles.

SkyTeam Member Airlines

Korean Air’s Non-SkyTeam Partner Airlines

Security Deposit & Credit Limit

The SKYPASS Visa Secured Card is within the small handful of secured credit cards that has a rewards program. You would have to make a security deposit that would set your credit limit. This credit limit will normally range from $300 to $5,000 depending on how much money you put in.

The deposits would be put into an interest bearing, secured, savings account. This would be able to boost your limits when you add the funds into your credit card with at least $100. When you decide to close your account, you will be able to get a deposit refund with the interest included.

Anniversary Bonus

Receive 1,000 bonus miles each year whenever you want to renew your membership. You would have to pay the credit card’s annual fee the month it’s due to be able to qualify for this anniversary bonus.

Bottom Line

With this rewards credit card it’s not that common to have for people that have a bad credit or no credit, and will offer you continuous rewards. Their introductory offer and the anniversary bonus included makes this deal seem more appealing. This SKYPASS Visa Secured card has more to offer. However, if you aren’t a frequent flier with Korean Air or any of the qualifying partner airlines, then you should consider other rewards credit cards elsewhere.

(Visit SKYPASS for more information)

What’s the Competition?

There are some of SKYPASS Visa Secured credit card’s top competitors listed below.

With the Capital One Platinum Secured: Unlike a prepaid card, this card will help you build credit when used responsibly, with regular reporting to the 3 major credit bureaus. You'll get an initial $200 credit line after making a security deposit of $49, $99, or $200, determined based on your creditworthiness; and be automatically considered for a higher credit line in as little as 6 months with no additional deposit needed Get access to your account 24 hours a day, 7 days a week with online banking to access your account from your desktop or smartphone, with Capital One's mobile app This card comes with no annual fee, and all the credit building benefits with responsible card use. Learn More About This Card

With the Capital One Platinum Credit Card: This card can help build your credit with responsible card use and be automatically considered for a higher credit line in as little as 6 months. Get access to your account 24 hours a day, 7 days a week with online banking from your desktop or smartphone, with Capital One's mobile app. Enjoy peace of mind with $0 Fraud Liability so that you won't be responsible for unauthorized charges. You're able to pay by check, online or at a local branch, all with no fee - and pick the monthly due date that works best for you Monitor your credit score with CreditWise from Capital One. It's free for everyone. This card comes wit no annual or hidden fees. See if you're approved in seconds Learn More About This Card

Chase Bank Business Bonus: $300 or $500 Checking Offer Coupon [Nationwide]

Chase Total Checking® Account $300 Cash Bonus Coupon (Nationwide Except Alaska, Hawaii, Puerto Rico)

U.S. Bank Bonuses: $450, $500, $900 Personal Checking & Business Promotions

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