The Asiana Visa® Classic, issued by Bank of America, N.A. (USA), is designed for those with an average credit history who travel frequently via Asiana Airlines.
Through the airline reward program, one mile is earned for every dollar spent on the card, which can be redeemed towards free travel on Asiana Airlines. Cardholders also receive 3,000 bonus miles with their first purchase. There is a limit of 50,000 miles that can be earned per year. Unfortunately, the card does not offer additional miles for select purchases or services, which may be a slight disappointment.
The interest rate for purchases and balance transfers is reasonable for a reward card (for those who qualify), though not ideal for those who plan to carry a balance. There is a low introductory rate that applies to purchases and balance transfers for the first six billing cycles, and the annual fee is about average for an airline reward card.
Aside from the reward program, cardholders can expect common benefits offered by Bank of America, N.A. (USA) that include up to $100,000 in travel accident insurance, emergency airline ticket replacement, and security protection. This card also provides an annual discount of $50 for the first Asiana Airlines ticket purchase each year.
Therefore, those who qualify for the lowest rate offered, plan to pay in full each month (to avoid finance charges), and will take advantage of the reward program as well as the annual ticket discount will benefit most from what the Asiana Visa® Classic has to offer.
Those with very good credit may want to consider the platinum credit card, which offers additional benefits but with a higher annual fee.
Updated: May 30, 2006
Most Attractive Feature(s) : Bonus miles; annual ticket discount; low introductory rates.
Least Attractive Feature(s) : Annual fee; APR based on the highest Prime Rate during a three-month period; yearly limit on miles.
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