Reviews U.S. Bank LANPASS Visa Signature card review
U.S. Bank LANPASS Visa Signature card review

U.S. Bank LANPASS Visa Signature card review

Published: April 25, 2017
Ratings Policy
Airline Rating:
2.2 rating
2.2 rating
2.2 / 5
Rewards Value: 0.0
Annual Percentage Rate: 3.4
Rewards Flexibility: 3.8
Flight Options: 4.5
Features: 5.0

In a nutshell:

Cardholders who travel frequently to South America may be able to carve out some savings with this mediocre airline card; but the card’s pricey fee and subpar rewards limit its appeal.

Rewards Rate

  • 2:1 on LAN purchases
  • 1:1 on general purchases

Sign-up Bonus
20,000 bonus miles with first use

Annual Bonus

  • 4,000 mile bonus every year
  • 25 percent miles bonus if you spend at least $15,000

Annual Fee
$75, $0 the first year

Average Yearly Rewards Value ($1,325 monthly spend)
$222

APR
13.74-23.74%

Rewards Redemption
Pros

  • No limit on the number of miles you can earn
  • Open-jaw bookings are allowed within the same reward zone
  • One stopover is permitted
  • You can transfer your miles to 14 oneworld Alliance partners

Cons

  • Miles expire after 36 months
  • A fee is charged for phone bookings
  • Blackout dates may apply
  • Only a limited number of rewards seats are available
  • Must purchase a round-trip ticket for rewards-funded trips

Flight Options

  • Airline partners: 14
  • Daily flights: 14,250
  • Destinations: 1,000
  • Countries served: 150

Other Notable Features: 20 percent discount on LAN purchases, three one-way upgrade coupons per year, zero fraud liability, travel and emergency assistance, car rental insurance, concierge service, ticket presale and preferred seating, special dining privileges, no preset spending limit

Rewards Rating:
2.8 rating
2.8 rating
2.8 / 5
Rewards Value: 1.3
Annual Percentage Rate: 2.5
Rewards Flexibility: 3.9
Features: 5.0

In a nutshell:

The LANPASS Visa Signature card isn’t as generous as some of its competitors; but for cardholders who travel frequently to South America, it offers some modest bonuses on airfare and a smattering of benefits, including an annual 20 percent discount on LAN purchases and three discounted upgrades per year.

Rewards Rate

  • 2:1 on LAN purchases
  • 1:1 on general purchases

Sign-up Bonus
20,000 bonus miles with first use

Annual Fee
$75, $0 first year

Average Yearly Rewards Value ($1,325 monthly spend)
$222

APR
13.74-23.74%

Rewards Redemption
Pros

  • No limit on the number of miles you can earn
  • Open-jaw bookings are allowed within the same reward zone
  • One stopover is permitted
  • You can transfer your miles to 14 oneworld Alliance partners

Cons

  • Miles expire after 36 months
  • A fee is charged for phone bookings
  • Blackout dates may apply
  • Only a limited number of rewards seats are available
  • Must purchase a round-trip ticket for rewards-funded trips

Other Notable Features: 20 percent discount on LAN purchases, three one-way upgrade coupons per year, zero fraud liability, travel and emergency assistance, car rental insurance, concierge service, ticket presale and preferred seating, special dining privileges, no preset spending limit

Travel Rating:
2.8 rating
2.8 rating
2.8 / 5
Rewards Value: 1.4
Annual Percentage Rate: 2.4
Rewards Flexibility: 3.9
Features: 5.0

In a nutshell:

Unless you travel frequently to South America and prefer to travel on LAN Air, this pricey airline card doesn’t offer enough perks to justify its high annual fee.

Rewards Rate

  • 2:1 on LAN purchases
  • 1:1 on general purchases

Sign-up Bonus
20,000 bonus miles with first use

Annual Fee
$75, $0 first year

Average Yearly Rewards Value ($1,325 monthly spend)
$222

APR
13.74-23.74%

Rewards Redemption
Pros

  • No limit on the number of miles you can earn
  • Open-jaw bookings are allowed within the same reward zone
  • One stopover is permitted
  • You can transfer your miles to 14 oneworld Alliance partners

Cons

  • Miles expire after 36 months
  • A fee is charged for phone bookings
  • Blackout dates may apply
  • Only a limited number of rewards seats are available
  • Must purchase a round-trip ticket for rewards-funded trips

Other Notable Features: 20 percent discount on LAN purchases, three one-way upgrade coupons per year, zero fraud liability, travel and emergency assistance, car rental insurance, concierge service, ticket presale and preferred seating, special dining privileges, no preset spending limit

Our reviews and best card recommendations are based on an objective rating process and are not driven by advertising dollars. However, we do receive compensation when you click on links to products from our partners. Learn more about our advertising policy

There’s not much going for this mediocre airline card unless you travel frequently to Latin America and prefer to fly on LAN Air. For $75 a year, the LANPASS Visa Signature card offers a limited rewards program and a smattering of benefits – including a one-time annual discount on a flight of your choice – but few of the card’s perks justify its high annual fee.

You may be able to get some mileage out of the card’s oneworld Alliance membership if you travel frequently enough on LAN Air to earn a significant number of miles. Thanks to LAN Airline’s oneworld Alliance membership, you can transfer miles to any one of the airline’s oneworld partners, including American Airlines, British Airways, Qatar Airways, TAM Airlines and Qantas.

However, unless you have a particular fondness for the Chilean airline – or if you typically spend most of your frequent flier miles on trips to South American hotspots such as Lima, Peru; Buenos Aires, Argentina; Santiago, Chile; Bogotá, Columbia; or Sao Paulo – you can almost certainly do better with a different card.

Only frequent fliers need apply
Like many airline cards, the LANPASS Visa Signature card only awards bonus miles on select airline purchases. So if you don’t travel to South America frequently, you’ll have a hard time earning many points. Cardholders earn just two points for every dollar spent on purchases from LAN Air or affiliate-airline TAM, and one point for every dollar spent on purchases from other merchants.

Modest bonuses
LAN has tried to sweeten its rewards program by giving cardholders a 20,000-mile sign-up bonus – worth about $200 – after the card’s first use, and an additional 4,000-mile bonus every year. The annual bonus is only worth about $40, but it effectively cuts the card’s annual fee down to $35 if you use it for a flight.

If you’re a heavy enough spender, you may also be awarded another 25 percent bonus on earnings, but you have to spend a minimum of $15,000 a year to get it. The 25 percent bonus won’t get you very far if you don’t spend relatively heavily on the airline card. We estimate that a typical cardholder who spends just $1,325 a month, for example, will only take home about $222 a year.

On the plus side, the airline does give you three coupons a year to upgrade your seat, which can save you a significant amount of money if you prefer to fly business class rather than economy.

A noteworthy discount
The most appealing benefit offered by the LANPASS Visa Signature card is its hefty discount on one LAN purchase per year. The price of the purchase is capped at $1,000, but it can still add up to some significant savings if you buy a pricey ticket. For example, if you spend $1,200 on a flight to Buenos Aires, you can save up to $200 on your flight. If you combine that promotion with the card’s 20,000-mile sign-up bonus, you’re looking at up to $400 in savings in your first year – not a bad haul for a card that only costs $75 a year.

Valuable membership
The airline’s membership in the oneworld Alliance is also an appealing benefit – especially for cardholders who travel frequently around the world. LAN frequent fliers can transfer miles to any one the alliance’s 14 partners, including American Airlines. The 12 other members of the alliance include Air Berlin, British Airways, Cathay Pacific, Finnair, Iberia, Japan Airlines, LAN-affiliated TAM Airlines, Malaysia Airlines, Qantas, Qatar Airways, Royal Jordanian, S7 Airlines and SriLankan Airlines.

Significant restrictions
You may have a hard time, though, finding a rewards-funded flight that fits your travel plans. Blackout dates may apply on trips to your desired destination. The airline also holds just a limited number of rewards-funded seats. In addition, LAN charges a fee for booking flights by phone, so you’ll have to be careful about how you book flights. It also restricts rewards travel to round-trip flights, so you’ll have to wait until you have miles saved up before you can purchase a free flight.

Reasons to get it:

  • You travel frequently to South America and prefer LAN Air.
  • You’re a relatively heavy spender and so can maximize the card’s discounts and bonuses.
  • Your travel plans are often flexible, and so restrictions on when you can fly don’t apply.

How to use it:

  • Use your card for all LAN and TAM purchases in order to get the double miles bonus.
  • Spend at least $1,250 a month on your card in order to qualify for the 25 percent miles bonus.
  • If you’re planning a trip outside Latin America, consider transferring miles to other airlines in the oneworld Alliance.
  • To avoid a foreign-transaction fee, leave this card in your wallet once you cross the U.S. border.

All reviews are prepared by CreditCards.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the bank’s website for the most current information. 

Responses to comments in the discussion section below are not provided, reviewed, approved, endorsed or commissioned by our financial partners. It is not our partner’s responsibility to ensure all posts or questions are answered.