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Not all points and miles are created equal, which is why it’s not always the big shiny 100,000 point welcome bonuses that get me the most excited. Bank of America has announced that the Alaska Airlines Visa Business credit card is now offering an all-time high public sign-up bonus of 40,000 Alaska Mileage Plan miles after spending $2,000 in the first 90 days of account opening.

This is the highest public offer we’ve ever seen on the business version of this card, and it matches the 40,000 mile bonus on the personal card. TPG values Alaska miles the highest of any individual type of airline mile at 1.8 cents each, making this bonus worth a solid $720. You can potentially get even more value out if it though if you redeem these miles for flights on one of Alaska’s partner airlines, such as Cathay Pacific. A one-way business class award from the US to Asia with a free stopover in Hong Kong (HKG) only costs 50,000 Alaska miles, though these tickets often sell for several thousand dollars.

If you open both the small business and the Alaska Airlines Visa Signature credit card, Alaska Airlines cards with these elevated 40,000 mile bonuses, you’d have enough miles to fly in Cathay Pacific’s incredible first class, which costs 70,000 miles one-way between the US and Asia.

The Alaska Airlines Visa Business credit card has a $75 annual fee ($50 for the company and $25 per card), earns 3x miles on Alaska purchases and 1x everywhere else. Card holders, plus up to six companions traveling on the same reservation, will enjoy a free checked bag with Alaska. Card holders also get an annual Alaska companion certificate with the bonus and every year on the account anniversary (taxes and fees apply). The companion certificate allows you to bring a friend or family member on a round-trip Alaska-operated flight in economy for $99 plus taxes and fees from $22 — which can be a great strategy to get to two people to Hawaii!

travel destination Waikiki Beach and Diamond Head resorts in Oahu, Hawaii, USA
travel destination Waikiki Beach and Diamond Head resorts in Oahu, Hawaii, USA

As an added bonus, this small business card won’t count against your 5/24 status with Chase, meaning most people should be able to take advantage of this offer without sacrificing their long term card strategy. Here are some tips for becoming eligible for a small business card. Before applying, make sure to check out this ultimate guide to Bank of America credit cards for any application rules or bonus eligibility checks you need.

Bottom Line

Don’t be fooled by the fact that this bonus “only” nets you 40,000 miles. Alaska miles are some of the hardest to earn and most valuable miles out there. This offer is too good to pass up without giving it a hard look. It is the highest offer we’ve ever seen from the Alaska Airlines Visa Business credit card, and it should be easy to redeem these miles for several thousand dollars worth of flights.

Know before you go.

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2018 TPG Award Winner: Mid-Tier Card of the Year
Chase Sapphire Preferred® Card

NEW INCREASED OFFER: 60,000 Points

TPG'S BONUS VALUATION*: $1,200

CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

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More Things to Know
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
Intro APR on Purchases
N/A
Regular APR
18.24% - 25.24% Variable
Annual Fee
$95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent/Good

Editorial Disclaimer: Opinions expressed here are the 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.