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One Year of Earning and Burning with the Alaska Visa

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I often discuss how helpful credit card sign-up bonuses and spending can be for earning award travel, but some readers are intimidated by the idea of opening new accounts. To help you get started, TPG Senior Points & Miles Correspondent Nick Ewen demonstrates how much a single card can offer you in travel rewards.

Award travel can be a daunting hobby to take up, especially when it comes to credit cards. If you don’t travel regularly for work, your everyday spending habits play a huge role in earning (and then redeeming) points and miles. However, with so many options, you may not know where to start. In this post, I’ll continue my series looking at how easy it is to earn rewards by opening and using a single card for one year.

In previous posts, I’ve looked at the Chase Sapphire Preferred Card, the Citi Hilton HHonors Reserve Card, the Chase Ink Plus Business Card, the Citi ThankYou Premier Card, the Wyndham Rewards Visa Card, the Marriott Rewards Premier Card, the SPG American Express, the Southwest Premier Card and the Amex EveryDay Preferred Card. Today, I’ll continue the series with another card I recently added to my wallet: the Alaska Airlines Visa Signature Card from Bank of America.

Starting January 15, Alaska flyers can earn elite miles on all airline partners.
Though Alaska Airlines doesn’t belong to an alliance, you still have many partners on which you can redeem your Mileage Plan miles.

Sign-Up Bonus and Benefits

The card is currently offering a sign-up bonus of 25,000 miles upon approval without any purchase or minimum spending required. This bonus is worth $500 based on TPG’s latest valuations, but can be even more valuable by taking advantage of the program’s terrific award redemptions. The card also offers 3 miles per dollar spent on Alaska tickets and vacation packages, but even the standard earning rate (1 mile per dollar) represents a solid 2% return on spending.

One of my favorite benefits on the card is the yearly companion certificate that allows you to bring a friend or family member on a paid trip for just $99 (plus taxes and fees). Mine posted to my Mileage Plan account just a week after being approved (at the same time as my sign-up bonus), and I was able to save almost $500 on a trip to the West Coast for next May and June.

The card also comes with some other benefits that are particularly useful for those who frequently travel on Alaska:

  • Free checked bag for the primary cardholder (plus up to six companions on the same reservation) on Alaska flights
  • $50 discount toward a new Board Room lounge membership
  • Visa Signature perks like luxury hotel benefits

The card does come with a $75 annual fee, which isn’t waived the first year.

Note: You may be able to get a $100 statement credit plus the 25,000-mile sign-up bonus when making a reservation on Just look for the application link on the checkout page.

You may fall above the national average, leading to even more point-earning ability!
If you spend more than the national average, you’ll earn even more than what I’ve outlined here. Image courtesy of Shutterstock.

So, if you open the Alaska Visa, earn the sign-up bonus and use the card exclusively for the first year, where does that leave you? Obviously, the answer depends on your spending patterns, so for this analysis I used consumer-expenditure data from the Bureau of Labor Statistics for 2013 and 2014 to estimate what an “average” household would spend (and thus earn) on the Alaska Visa card in one year.

In doing so, I made the following assumptions:

  • 60% of “Housing” expenditures cover mortgages or rent, and thus can’t be paid with a credit card (unless you’re willing to pay fees by using a service like Venmo or ChargeSmart).
  • “Transportation” expenditures are split evenly between car payments (which typically can’t be paid with a credit card), gasoline and other transportation costs (parking, tolls, train/subway/bus tickets, etc.).
  • All “Healthcare” and “Other” expenditures can be paid with a credit card.
  • All “Personal insurance and pensions” expenditures can’t be paid with a credit card.
  • $500 of the “All other expenditures” category is spent on tickets with Alaska.

Again, your situation may differ substantially, so feel free to adjust these assumptions in order to calculate your own earning potential.

Here’s a quick table that shows how these spending patterns in the first year of card membership translate to Alaska Mileage Plan miles:



Earning Rate


Sign-up bonus




Food – At home


1 mile/$


Food – Away from home


1 mile/$




1 mile/$


Apparel and services


1 mile/$


Transportation (gasoline)


1 mile/$


Transportation (other)


1 mile/$




1 mile/$




1 mile/$


All other expenditures


1 mile/$


Alaska Airlines purchases


3 miles/$






As you can see, the “average” American consumer would earn 56,447 Alaska miles in the first year (plus the companion certificate). Not too shabby!

What Does This Get You?

Of course, earning points is one thing, but knowing how to redeem them for maximum value is a completely different story. Fortunately, the Alaska Mileage Plan program has a variety of valuable redemptions, and the vast majority of them can be booked online. Just remember that you can only have one partner flight per award ticket (in addition to connecting flights on Alaska) and will pay at least $12.50 per person each way for award tickets on partner airlines.

That being said, here’s a sample of what you can get from one year of using the Alaska Visa:

1. Round-trip business-class flights from New York-JFK to Vancouver

One of the best uses of Alaska miles is on its Hong Kong-based partner Cathay Pacific. The carrier is well-known for its incredible first-class cabins, but one of the daily flights from New York-JFK makes a stop in Vancouver on its way to Hong Kong. This round-trip flight costs just 50,000 Mileage Plan miles, but unfortunately it has to be booked over the phone (since Cathay Pacific is one of two partners that doesn’t show up on Alaska’s website).

To search availability, your best bet is probably the British Airways search engine, as it pulls Cathay Pacific award space relatively easily:

CX award on BA site

Availability isn’t fantastic, but since the carrier uses a Boeing 777 on the route, there are lots of seats to fill. Inventory tends to open up in the days and weeks leading up to departure, but I see many dates in the future with availability as well.

2. One-way business-class award ticket to Asia

If you want to fly even further in relative comfort, you also have the option to use these miles to book a one-way business-class award ticket to Asia on one of two partners:

  • American Airlines: 50,000 miles for Japan and Korea, 55,000 miles for China
  • Cathay Pacific: 50,000 miles for flights from North America to any Asian destination

Alaska has relatively generous routing rules and allows you to have a stopover on international one-way award tickets. This means that you could book something like Los Angeles to Bali with a stopover in Hong Kong.

Qantas plane sydney harbour featured 2
Qantas is just one Alaska partner that allows redemptions on flights to Australia and New Zealand.

3. One-way flight to Australia or New Zealand

Trying to use miles to get down under (especially in business or first class) can be a bit tricky. However, Alaska partners with several carriers that give you flexible routing options for reaching Australia, especially when you factor in the potential for a stopover on one-way international flights. Some of these options from North America include:

  • Cathay Pacific: 40,000 miles for economy, 47,500 miles for premium economy (stopover in Hong Kong)
  • Fiji Airways: 40,000 miles for economy, 55,000 miles for business (stopover in Fiji)
  • Qantas from North America: 42,500 miles for economy, 47,500 miles for premium economy, 55,000 miles for business (stopover in Australia)
You have many options for flying to Hawaii on an award ticket with Alaska Airlines.

4. Round-trip flight to Hawaii

If a trip to the Hawaiian islands is in your future, Alaska is one of the better options for redeeming miles to get there. The airline has a very extensive route network from various West Coast gateways (including its hubs in Seattle and Portland, along with more obscure departure airports like Bellingham, WA and Sacramento, CA) to the four main airports in Hawaii: Honolulu, Kahului (Maui), Lihue (Kauai) and Kona (Hawaii). Most importantly, however, a round-trip ticket starts at just 40,000 miles and is readily available at that level.

Here’s the award calendar for next month from San Diego to Honolulu (for two adults):


Here’s the same calendar from San Jose to Maui:


And here’s the same calendar from Portland to Lihue:


In all three examples, more than half the month is still available at the lowest mileage amount, and with the first year’s haul of Alaska miles, you’ll have enough for a round-trip ticket (plus almost enough for another one-way).

Remember too that you could always redeem miles for one ticket and use the companion fare from the card to purchase two more at a steep discount, giving you an easy (and affordable) way for a family of three to escape to paradise, all courtesy of a single credit card.

I am very happy with my new Alaska Airlines Visa, especially given the valuable companion ticket!
I’m very happy with my new Alaska Airlines Visa, especially given the valuable companion ticket!

Final Thoughts

The Alaska Airlines Visa Signature Card offers a solid sign-up bonus, along with some other intriguing benefits (like the companion ticket). By opening the card and using it for a year, you can earn a solid number of Mileage Plan points and unlock some terrific redemptions around the world.

In addition, keep in mind that the above calculations may be too conservative:

  • The calculation assumes that you’re the average consumer. If you typically spend more in a year, then your earnings will be even higher.
  • The calculation assumes that you don’t make any purchases through an online shopping portal. The Mileage Plan Shopping site allows you to earn additional miles at more than 800 retailers when you shop online.
  • The calculation assumes that you only open one card. Other travel rewards credit cards with terrific sign-up bonuses (like the Citi ThankYou Premier Card or the Chase Sapphire Preferred Card) can be opened and used alongside the Alaska Visa for even more earning potential.

These items notwithstanding, I hope I’ve illustrated how one card (especially in the first year) can open up a wealth of redemption possibilities.

How would you redeem one year of points from the Alaska Visa card?

Alaska Airlines Visa Signature® Credit Card

Apply Now
  • 30,000 bonus miles after you make $1,000 or more in purchases within the first 90 days.
  • Annual companion fare from $121 ($99, plus taxes and fees from $22) after you make $1,000 or more in purchases within the first 90 days of your account opening. There are no blackout dates.
  • Free checked bag for you and up to six other passengers on the same reservation.
  • 3 miles for every $1 spent on Alaska Airlines tickets, vacation packages, cargo and in-flight purchases.
  • 1 mile for every $1 spent on all other purchases.
  • Earn and redeem Alaska Mileage Plan miles to over 800 destinations around the world on Alaska Airlines and our more than 15 global airline partners.
  • No foreign transaction fees, plus chip enabled for enhanced security when used at chip-enabled terminals.
  • The benefits above apply to Visa Signature consumer accounts only and different benefits apply to Platinum Plus® accounts. Card type is determined by creditworthiness.
  • See Rates & Fees
Intro APR Regular APR Annual Fee Foreign Transaction Fee Credit Rating
N/A 12.49% - 19.49% Variable APR on purchases and balance transfers $75 0% Excellent/Good