Best Alaska Airlines Visa Offer I’ve Seen in a Long Time: 40,000 Miles + $100 Credit

The Alaska Airlines Visa Signature is offering 40,000 Mileage Plan miles and a $100 statement credit after $2000 spend within 3 months. The card has a $75 annual fee.

The value proposition for Alaska miles of course is their myriad airline partnerships and reasonable award chart. Cathay Pacific (which Alaska admittedly has less access to award seats on than other Cathay partners do) is an especially great value as is Japan Airlines.

The $99 plus tax companion fare ticket that comes with this card each year is one of the best deals in travel, since it works on any Alaska itinerary without capacity controls. If there’s a second seat for sale you can book the companion into it, and the companion even earns miles. Years ago these used to work for first class, and once upon a time they were paper certificates that got ticketed at the airport and at outsourced stations would even not get collected or would get priced with both passengers as the companion. Sadly those days are long gone.

This isn’t the best offer there has ever been, many years ago there was a 50,000 mile offer. But 40,000 miles for this card is rare.

Bank of American generally will approve two cards over a two month period, 3 over a 12 month period, and 4 over 24 months. That isn’t a Chase 5/24-style restriction that considers all your new accounts, this is about how many cards BofA will give you.

They’re also far less generous than they used to be with this card, gone are the days of having 6, 8 or more Alaska Visas at a time. If you have this card open, or have had it in the last 24 months, then the bonus won’t be available.

(HT: US Credit Card Guide)

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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  1. So one would be eligible if having closed the personal card at least 24 months ago? Thanks

  2. I just applied the card yesterday (5/12) without the new offer ($100 credit). Will they be willing to match the offer?

  3. You mention that the bonus may not be available if you have had this card in the last 24 months. Looks like you can’t even apply for the card in this situation. “ This card will not be available to you if you currently have or have had the card in the preceding 24 month period.“

  4. Assume one doesn’t receive the first companion ticket until after first anniversary, correct? Vs after meeting min spend for signup bonus…?

  5. @Mike: I was reading the fine print of the application, and it appears that you get a companion pass after spending $2000–which I hadn’t expected. Unfortunately for me, my application is “under review”–not a good sign. And I have no Bank of America cards at all, so that is not the reason. Not sure why…

  6. I’ve been getting 40k bonus miles in snail mail for the past 6 months or longer, this isn’t new. I still haven’t applied for it, this might be the time for it 🙂

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