Asiana credit cards
From Travel Strategies
Bank of America Credit Cards, Airline Credit Cards
Bank of America Webpage Asiana Webpage
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Annual Fee
$99
Typical Signup Offer
30,000 Asiana miles
$3,000 initial spend
($220 net value, .07/$)
Signup Bonus ChartBonus Categories
3x Asiana Airlines Purchases
2x Groceries and Gas
1x Everything Else
No Foreign Transaction Fee
This card is no longer listed on the Bank of America and Asiana webpage and is probably no longer available.
If you fly Asiana Airlines every year, you should definitely get this card. It comes with an annual $100 rebate and 10,000 extra miles, for only $99.
If not, the signup bonus is still fairly attractive. If you don't fly on Asiana, you can use the miles on United or any one of the other Star Alliance Airlines. However, most people will get even more value from one of the other Bank of America options.
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Collecting the Signup Bonus
- Most people shouldn't bother getting this card, just for the signup bonus. After subtracting the annual fee and the opportunity cost of using the card for $mile of spending, the calculated net value for the initial year is $30000 (Expression error: Unrecognized word "mile". cents per dollar spent). That's pretty good, but you can only be approved for four Bank of America cards every two years, and there are better signup offers available. However, if you decide to get this card for the Asiana Airlines benefits, the signup bonus provides a very nice side benefit.
- You may be able to earn the signup bonuses from both the personal and business version of the card. If you have any kind of side business, you are entitled to apply for business cards. If so, you can earn the signups from either or both versions. Unlock Extra Reward Points with Business Credit Cards.
- It is possible to earn the same signup bonus multiple times. Bank of America doesn't limit your ability to earn multiple signup bonuses. You can even have more than one copy of the same card at the same time. However, you will only be approved for four Bank of America cards every two years (with a maximum of three cards in any twelve month period, and two cards in any two month period), so choose your opportunities wisely.
After subtracting the annual fee, and the opportunity cost of using the card for $3,000 of spending, the calculated net value of the sign-up is $220 (7 cents per dollar spent).
Notable Benefits
- Two Asiana lounge passes per year. These don't work at partner lounges.
- 10,000 annual bonus miles.
- $100 annual rebate on Asiana ticket purchases.
- Access to the Visa Signature Luxury Hotel Collection. As with all Visa Signature cards, you'll get access to Visa's luxury hotel program. Whenever you book one of the 900+ participating hotels, you'll receive a set of valuable benefits, including free breakfast, late check-out, and a $25 food and beverage credit. The Visa program has slightly weaker benefits than the other luxury hotel programs, but includes a larger number of more affordable hotel options and a best price guarantee. Take Advantage of Luxury Hotel Programs for Valuable Extra Perks.
- Access to Visa Signature Offers. Your card entitles you to a set of special offers available from Visa.
- Free museum entry. As with all Bank of America credit cards, you'll get free admission to hundreds of museums on the first weekend of every month. Admission is for the cardholder only. Guests are not included, nor are any special exhibitions and other ticketed shows. Museums on Us.
- BankAmeriDeals. Bank of America has a shopping discount program that works like Amex Offers. To get each discount, you'll need to "activate" it through their website. Once activated, discounts are automatically applied when you use your card for the corresponding purchase. Most deals are cash-back based (typically 10%). BankAmeriDeals.
Bonus Categories
- This card earns more valuable rewards on your Asiana purchases than almost any card. 3x Asiana miles are better than what you'd earn from most other cards, but not as good as the very best cards for airfare purchases.Best Credit Cards for Travel Spending.
- There are better options for your grocery and gas purchases. 2x Asiana miles are more valuable than what you would get from a good general-purpose reward card, but you can earn even more valuable rewards with other cards. Best Credit Cards for Grocery Spending. Best Credit Cards for Gas Spending.
- You don't want to use these cards for your everyday spending. You'll earn higher rewards from a good general-purpose reward card. Get a Great General Purpose Reward Card and Use It for All of Your Spending.
Getting Rid of the Card
- You can cancel without worrying about losing your Asiana miles. Once you earn them, they are treated like any other miles in your Asiana account.
- If you cancel your card, you may not be able to easily get it back. Bank of America limits your ability to get more than 4 cards every 24 months and 3 cards every 12 months. And you can't get one of their cards if you've gotten more than 3 personal credit cards from any bank in the last 12 months (7 cards for BOA banking customers). If you are signing up for bunch of new credit cards, you won't be able to get new Bank of America cards.
- If you decide to cancel, you may want to change to the Cash Rewards Card instead. The Cash Rewards Card earns a base rate of 3% on your choice of categories, including online shopping. With Platinum Honors status, the reward rate is boosted to 5.25%. Since bonus rewards are capped for each quarter, it can be helpful to have multiple copies of the card. But the only way to currently get multiple copies is to convert from other Bank of America cards.
- If you want to cancel your Asiana Card, it is best to do so before you are charged your annual fee. Bank of America may refund the fee if you cancel shortly afterwards, but they may not.
- You might be able to receive a retention offer to keep your card. It could be enough to make it worthwhile to keep the card.