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TPG reader Stuart sent me a message today saying he got a targeted offer for the Alaska Airlines Visa with a potential sign-up bonus of 40,000 miles – 25,000 upon approval and 15,000 more when you spend $10,000 in the first 6 months.

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There’s actually another 40,000-mile offer out there on the card, but with that one, you get the same 25,000 miles upon approval, but in order to earn the other 15,000 miles, you must spend $2,000 each month for 12 months – meaning the spending requirement is a whopping $24,000 instead of the $10,000 on this new offer. The offer on this card usually hovers around the 25,000-mile mark, though back in December, Alaska released a lucrative limited-time promo of up to 50,000 bonus miles when you spent $1,000 on your new card in 90 days.

While we might see that again as Alaska and Delta battle it out for dominance in the Pacific Northwest and Alaska ups its ante, this 40,000-mile offer is still the best one out there at the moment, so if you’ve been thinking about applying for the card, now is probably the time. As a reminder, here are the other benefits and terms of the credit card:

  • Coach Companion Fare every year from $118 (USD) ($99, plus taxes and fees from $19)
  • Earn 3 miles for every qualifying dollar in purchases of Alaska Airlines tickets, Vacation packages and Cargo purchases
  • No mileage cap. There’s no limit to the number of miles you can earn with the Alaska Airlines Visa Signature card
  • $75 annual fee not waived

So the card has some interesting perks including that companion ticket. The only restrictions for using this companion ticket are that two seats must be available, and the flights must be wholly operated by Alaska Airlines. Otherwise, the cardholder and their travel companion can use it for any coach fare class on any flight. Even better, both flyers still receive mileage credit and both qualify for upgrades based on the elite status of the higher flyer. One of the best uses of this companion ticket is for the cardholder to purchase a ticket to Hawaii and get the second one for just $99 plus taxes, essentially getting two half-price tickets to Hawaii and more than compensating for that $75 annual fee.

Caveat: The offer terms do state: “This one-time promotion is limited to new customers opening an account in response to this offer and is valid for a limited time only.” So theoretically it’s targeted just at Alaska elites. However, people have reported success in applying for similar offers in the past. Your miles may vary, but it could be worth taking a chance. If you do apply, please report back on your experience and the bonus you are offered in the comments section below.

Given all of Delta’s recent negative changes including two mileage chart devaluations, hacking away at elite same-day confirmed benefits, and new elite revenue requirements, I’ve been taking a much closer look at Alaska and its MileagePlan program, including at this credit card. I have a lot of Amex and Chase cards, so I’m looking to expand my credit card portfolio to other issuers including Bank of America, who issues this card.

Emirates first class was top of my list.
I used Alaska miles to book an Emirates First Class award.

I might just apply for this card myself now as I look to Alaska’s MileagePlan program as part of my overall elite strategy instead of Delta, as well as keeping my eye on high-value redemptions with the airline’s premium partners – like that Emirates First Class award flight I booked in November using Alaska miles.

If you’re interested in some of the other top current credit card bonuses out there like the 100,000-mile Citi Executive AAdvantage card and the 50,000-mile Southwest cards, and are thinking of doing a round of applications, you might want to consider adding this one to the mix.

If you do end up applying, share your experience with other readers in the comments below!

Chase Sapphire Preferred Card

With great transfer partners like United and Hyatt, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game.

Apply Now
More Things to Know
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Named Best Credit Card for Flexible Travel Redemption - Kiplinger's Personal Finance, July 2016
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR on Purchases
N/A
Regular APR
16.49% - 23.49% Variable
Annual Fee
Introductory Annual Fee of $0 the first year, then $95
Balance Transfer Fee
5.00%
Recommended Credit
Excellent Credit

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.