Asiana Business Credit Card Review, Apply and Requirement
If you regularly fly with Asiana Airlines for business, it may be interesting to purchase the Asiana Business Credit Card. This card has a reasonable APR of 13.74% (APR is subject to change), and while there is an annual fee of $80, this cost is easily offset by the card’s various Asiana Airlines-related benefits. These benefits include two $100 per year coupons on eligible Asiana Airlines ticket purchases and 2 Airline Miles points on all Asiana Airlines purchases (1 mile for every $1 spent on all other purchases).
To help you earn airline miles points, the card company will give you 10,000 bonus miles as a new cardholder after your first purchase. If you think the Asiana Business Credit Card is right for your needs, scroll down and follow our step-by-step guide below to complete and submit your application for this card.
Table of Contents
Asiana Business Credit Card Review at a Glance
Business owners and true Asiana Airlines loyalists will appreciate the Asiana Visa® Business Card for all of its highly personalized benefits. It is a simple rewards card that allows users to redeem miles earned from airfare and daily purchases. Annual statement credits for future flights with Asiana Airlines are icing on the cake for fans of the Korean airline.
Asiana Business Credit Card is Ideal for:
- Own or run a business that needs to travel frequently, but doesn’t spend a lot of money abroad
- Require or prefer to travel on Asiana Airlines and intend to maximize benefits with Asiana membership
- You want a business credit card that also earns rewards to redeem in the future
- I will benefit from annual statement credits on additional flights or seat upgrades
KEY FINDINGS
- Registration Bonus: Offers a 10,000 points registration bonus that can be redeemed for travel, gifts, or other benefits.
- 4% Balance Transfer Fee: Asiana Airlines Business Credit Card charges a 4% fee for balance transfers. For example, a $1,000 balance could cost $40 in transfer fees. The minimum rate is $10.
- Charges for Foreign Transactions: Avoid using this card when traveling abroad as a 3% fee will be charged each time you make a transaction outside of the US.
- Multiple business credit card benefits: Includes generous credit card benefits such as rental insurance, emergency assistance, extended warranty protection on purchases, identity theft protection, travel accident insurance, travel assistance, insurance cancellation, and fraud protection.
- Excellent Credit Required: You have a good chance of approval if your credit score is above 800.
Asiana Business Credit Card Review
For the jet setting executive with ties to Korean airline Asiana Airlines, the Asiana Visa® Business Card can provide a steady stream of rewards. Whether you earn miles on daily purchases or airline tickets, you can easily redeem them for future flights and other benefits. Annual statement credits encourage flying Asiana even more, although miles can also be redeemed on partner airlines.
Basic Travel Rewards
As with other commercial airline cards, this Asiana credit card allows you to cover your business expenses while earning miles. Daily purchases earn 1 mile per dollar, while direct purchases on Asiana tickets earn 2 miles per dollar.
As an introductory bonus, you will automatically receive 10,000 Asiana Club miles after your first purchase. While the bonus isn’t as great as some other airline and travel credit cards, you only need to make one purchase to redeem them. Other cards often require you to spend several thousand dollars in your first few months as a cardholder to receive an introductory bonus.
Redeem your miles
You can start redeeming your accumulated rewards after reaching 10,000 miles. Of course, with introductory bonus miles, it doesn’t take much more to cross this threshold than making your first purchase with the Asiana Business Credit Card.
When you’re ready to redeem, you can redeem your miles for future flights, seat upgrades, or excess baggage fees. It’s worth noting that although this is a co-branded card with Asiana, your miles are not limited to Asiana Airlines flights. You can redeem your miles for tickets on any Star Alliance airline, including but not limited to the following:
- Lufthansa
- Air Canada
- South African Airways
- Turkish Airlines
- United
You can also visit Asiana Club to learn more about your rewards and airline membership level. When you combine your new Asiana credit card with Elite membership status, you may qualify for even more benefits, including priority baggage handling and use of the airline lounge.
Increasing your membership level is as easy as earning miles on flights with Asiana and other Star Alliance members for 24 months. In other words, the more often you have to fly for business, the more beneficial your membership and this credit card can be for you and your wallet.
ADVANTAGES AND CONS OF ASIANA AIRLINES BUSINESS CARD
The good
- Potentially lower than average purchase APR.
- Multiple benefits of business credit cards.
- Offers car rental collision damage insurance.
- Extended warranty on purchases.
- Free access to your credit score.
- Identity Theft Protection.
- Travel accident insurance and travel assistance.
- Travel cancellation insurance.
- Cardholders can earn rewards for purchases wherever the Asiana Airlines Business credit card is accepted.
- Asiana Airlines Business credit card reports to multiple credit bureaus.
The bad
- You need good creditworthiness to qualify.
- Brings an annual fee of $80. on account
- Charges a 3% foreign transaction fee.
- Charges a 4% balance transfer fee.
What are the advantages of Asiana Business Credit Card?
This Asiana Business Credit Card offers the following benefits:
- Free credit score
- Car Rental Collision Damage Waiver
- Emergency aid
- Extended Warranty Protection
- Travel cancellation insurance
- Fraud liability
- Travel accident insurance
- No blackout dates when redeeming miles
- Travel assistance
- Reports to major credit bureaus
Requirements
To be eligible for this credit card you will have to fulfill the following criteria:
- Be at least 18 years of age
- Have a SSN
- Have a Tax ID number
- Have a US mailing address
How to apply for Asiana Business Credit Card?
Step 1 – To get started, go to the Asiana Credit Card page and scroll down to the Asiana Visa Business Card option. Once you find it, click on the red link Apply Now to access the online application form.
Step 2 – Once on the application form, scroll down until you find the Business section and start filling in the following information:
- Company Name
- Company name on the map
- Full business address (city, state, zip code, country)
- work phone number
- Billing address (if different from business address)
Step 3 – Next, in the Business Financial and Legal Information section, you must provide all of the information below in the appropriate fields.
- Tax identification number
- Country of incorporation
- Company structure
- Country of operations
- If your business is seasonal (Y/N)
- Industry type
- Gross annual turnover
- Year and month the company was founded
- If your company is listed (Y/N)
Step 4 – In this step, you must check the box that indicates that you are authorized to borrow on behalf of your company. You must then provide the following personal data:
- First and last name
- Name that will appear on the map
- Residential address (if different from business address)
- Postal address (if different from business address)
Step 5 – Here you will be asked to provide the contact details and personal information below.
- Phone number place of residence
- E-mail address
- Country of Citizenship
- Country of residence
- Date of birth
Step 6 – To get a clearer picture of your financial situation, you will be asked to provide the following information about your income and expenses:
- Total family income
- Source of income
- Activity
- Housing status
- Monthly rent
- Asiana account number (if applicable)
Step 7 – You must first read the terms and conditions of this credit card carefully and if you agree to the terms, check the box below and click on Check your details. You will then receive an overview of all the information provided on your application. If all of your information is correct, click Submit to submit your application for review.
Your application for the Asiana Visa Business Card is complete! Now all you have to do is wait for their response, which can take up to a working week.
Asiana Business Credit Card Frequently Asked Questions
What are Asiana Airlines miles?
Asiana Miles are earned by flying Asiana Airlines, flying with partner airlines, spending on Asiana Airlines credit cards, or transferring points to hotel partner airline miles.
Can Asiana Airlines Asiana Club miles be transferred?
No. Once the airline miles are credited to your Asiana account, the miles cannot be transferred.
Are Asiana Airlines Asiana Club miles refunded?
Yes, domestic award flights within Korea can be reimbursed for 500 Asiana Miles. Miles used on international flights can be exchanged for 3,000 miles.
Which credit do cards earn Asiana Airlines Miles?
You can earn miles with Asiana Airlines personal and business credit cards.
How many Asiana Club Miles do I need to travel to Asia?
You can fly with Asiana Airlines or a partner airline from the US to Korea for 35,000-40,000 miles one way.
When do American Airlines AAdvantage miles expire?
For Magic Miles, Silver, and Gold members, miles will expire on the last day (December 31) of the tenth year from the date you flew or earned the miles.
For Diamond or Superior members, miles will expire on the last day (December 31) of the 12th year from the date you flew or earned the miles.
Do Asiana Business Credit Card offer a cashback rewards program?
Yes, Asiana Airlines Business Card offers a rewards program to its customers. This business card offers rewards to small business owners who use the card to make purchases in the following bonus categories:
- Airline ticket
- Every purchase
Do Asiana Business Credit Card have a registration bonus?
This business credit card does not offer a cash signup bonus.
However, it does include a 10,000-point registration bonus that can be redeemed for travel, gifts, or other benefits.
Do Asiana Business Credit Card offer an annual loyalty bonus?
This Asiana Business Credit Card does not offer a cash loyalty bonus.
Can I get it with just an Employer Identification Number (EIN)?
You can apply for this business credit card with your EIN but expect the credit card company to ask for your social security number as well. This is because, as with most commercial cards, you must personally guarantee the line of credit.
Does the Asiana Airlines Business Credit Card report your account activity to credit bureaus?
Yes, Asiana Airlines Business Credit Card reports your account activity to the following credit reporting agencies:
- Equifax
- Experian
- TransUnion
Making regular, timely payments to a creditor who reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your creditworthiness.
What is the phone number for Asiana Airlines?
Asiana reservations can be contacted at 800-227-4262.
Who is the Asiana Airlines Business Card designed for?
This is a credit card issued by Bank of America.
This Asiana Business Credit Card is designed for small business owners with exceptional credit. The minimum credit score to apply is 800.
What are the relevant APRs?
This business credit card has a variable purchase APR that starts at 15.24%. The card has a variable balance transfer APR that starts at 15.24%.
It also has a variable cash advance APR that starts at 26.24%.
The good news is that this business card does not charge a penalty APR if you miss a payment.
Do Asiana Business Credit Card charge a foreign transaction fee?
This Asiana Business Credit Card charges a 3% foreign transaction fee. For example, if you spend $2,000 on a vacation week abroad, you would pay a foreign transaction fee of $60. If you’re traveling abroad, you may want to leave this business card at home and apply for one that doesn’t charge a foreign transaction fee.
Asiana Airlines Business Card Fees
- Annual Fee: $80
- Foreign transaction fee: 3%
- Balance transfer fee: 4%
- Minimum Balance Transfer Fee: $10
- Returned Payment Fee: $39
- Late payment fee: $19 to $49
