Bank of America Alaska Airlines Visa Signature Review

The Alaska Airlines Visa Signature card is a good addition if you have a strong credit history and have some airline redemptions in mind. 

Alaska Airlines Visa Signature

  • Annual fee: $75
  • Signup bonus: 30,000 miles after you spend $1,000 within the first 90 days of account opening
  • Earn one annual Companion Fare ticket; you're responsible for the taxes and fees
  • Free checked bag on Alaska and Virgin America flights for you and up to six passengers on the same reservation
  • Earn 3 miles for every $1 spent on Alaska Airlines and Virgin America purchases
  • Earn 1 mile for all other purchases
  • No foreign transaction fees

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Companion Fare Offer

The companion ticket is good for a round-trip coach Companion Fare on Alaska Airlines or Virgin America flights.

Companion Fare is only valid when traveling with another passenger on a paid published coach airfare on the same itinerary, booked at the same time on alaskair.com.

You'll receive a new Companion Fare each year when your card membership renews.

The Platinum Plus Visa card is not valid for the Companion Fare. 

Signup Bonus Value and Spend Multipliers

The signup bonus is 30,000 miles after you spend $1,000 within the first 90 days of account opening. Most people value Alaska miles at 1.5 cents per point (CPP) to 2.5 CPP.

  • Domestic Alaska Airlines flights = 1.5 CPP = $450
  • Partner Programs = 2.0 CPP = $600
  • Partner Programs = 2.5 CPP = $750

Spend Multipliers: 3x via Alaska or Virgin Airlines purchases

  • 1.5 CPP = 4.5% Return on spend (ROS)
  • 2.0 CPP = 6.0% ROS
  • 2.5 CPP = 7.5% ROS

Spend Multipliers: 1x everywhere else

  • 1.5 CPP = 1.5% ROS
  • 2.0 CPP = 2.0% ROS
  • 2.5 CPP = 2.5% ROS

Alaska Airlines Visa Signature vs. Alaska Airlines Platinum Plus

The reason why I don't recommend applying for the Alaska Airlines card early in your credit journey is that when you apply for the card, you're technically applying for two cards. 

There are two types of cards: the Visa Signature and the Platinum Plus card. The card you receive will be determined by your credit history and income. 

This means that if your starting credit limit for the Alaska Airlines card is less than $5,000, you'll be issued the Platinum Plus card, and not the Visa Signature. 

If the starting credit limit is more than $5,000, then you'll automatically be issued the Visa Signature card. 

The main issue with the Platinum Plus card is that it doesn't come with any of the benefits like the signup bonus and annual Companion Fare. 

Alaska Airlines Platinum Plus

  • Annual fee: $50
  • Signup bonus: 5,000 miles after you spend $1,000 within the first 90 days of account opening
  • One annual $50 airfare discount voucher, either roundtrip or one-way
  • Earn 2 miles for every $1 spent on Alaska Airlines and Virgin America purchases
  • Earn 1 mile for all other purchases

Bottomline

If the Bank of America Alaskan Airlines card is on your list, be sure you have enough credit history and income to qualify for the Visa Signature card. 

Be aware of the Bank of America 2/3/4 rule when you apply to make sure your application isn't automatically rejected. 

  • Max of 2 Bank of America cards every 2 months
  • Max of 3 Bank of America cards every 12 months (1 year)
  • Max of 4 Bank of America cards every 24 months (2 years)

Learn more about the Bank of America 2/3/4 rule in this post.