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The Points Guy believes that credit cards can transform lives, helping you leverage everyday spending for cash back or travel experiences that might otherwise be out of reach. That's why we publish a variety of editorial content and card comparisons: to help you find a great card to turn your goals into reality.
Our site may earn compensation when a customer clicks on a link, when an application is approved, or when an account is opened with our partners, and this may impact how or where these products appear. While we don't cover all available credit cards, our editorial team creates and maintains all of the analysis of these cards, and our content is not influenced nor subject to review by any credit card company, bank or partner prior to (or after) publication. Please view our advertising policy and product review methodology for more information.
Reviews
Atmos Rewards Business Card review: A sleeper hit for Alaska and Hawaiian loyalists
Matt Moffitt is a contributing editor and expert in getting the most out of credit cards and points (he carries at least 25 cards in his wallet at any given time). Originally from Sydney, Australia, he won the Green Card Lottery and lived in Austin, Texas for 10 years before relocating to Spain in 2025.
July 9, 2026 • 11 min read
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By commenting, you agree to our Community Guidelines to help create a positive space for conversation. The responses below are not provided or commissioned by the bank advertiser, our partners, or The Points Guy (“TPG”). They have not been reviewed, approved, or otherwise endorsed by any of these parties. All responses are submitted by individual contributors, and neither the bank advertiser, our partners, nor TPG are responsible for ensuring that all posts and/or questions are answered.
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Quick summary
A business travel card offers notable perks for those who frequently fly with Alaska Airlines or Hawaiian Airlines, including a valuable annual companion ticket benefit.
Cardholders receive airline-specific advantages such as free checked bags, preferred boarding and inflight discounts, which can offset costs for regular travelers.
The rewards program stands out for its strong partner award pricing, especially for long-haul premium-cabin flights with select international carriers.
This product is best suited for business owners loyal to Alaska or Hawaiian Airlines, rather than those seeking flexible rewards or premium travel benefits.
What to consider
The annual companion ticket requires a minimum annual spend to unlock after the first year and is not valid for award travel.
No complimentary lounge access is included, though there is an annual discount on lounge membership.
The card's everyday earning rates are less competitive outside of airline and select business categories.
What you'll miss from the article
A detailed comparison of business and consumer versions, plus tips for maximizing partner award redemptions and understanding eligibility nuances.
Generated by AI with support from our editorial team.
Earn 3 points for every $1 spent on eligible Alaska Airlines and Hawaiian Airlines purchases.
2 points
Earn 2 points for every $1 spent on eligible gas, EV charging station, shipping and local transit (including rideshare) purchases.
1 point
Earn 1 point per $1 spent on all other purchases.
Intro offer
Limited-time online offer: 70,000 bonus points + a $99 Companion Fare
Annual fee
$70 for the company and $25 per card
Regular APR
19.74% - 27.74% Variable APR on purchases and balance transfers
Recommended credit
740-850
Excellent
The doesn’t get nearly as much attention as it should.
With a modest $95 annual fee, a valuable annual Companion Fare, and strong Alaska Airlines and Hawaiian Airlines perks, this card can easily pay for itself if you fly either carrier even a few times per year. Having held all Alaska and Hawaiian cobranded credit cards at various points over the years, I personally find Atmos Rewards points to be among the most valuable airline rewards available, thanks to the program's excellent partner award pricing.
If you’re a business owner who regularly flies Alaska or Hawaiian, this card deserves serious consideration.
Card rating*: ⭐⭐⭐⭐
*Card rating is based on the opinion of TPG’s editors and is not influenced by the card issuer.
Atmos Rewards Business Card: The basics
Before diving deeper, here’s a quick snapshot of what the offers:
Annual fee: $95 ($70 for the company and $25 per card).
Welcome offer: Earn 70,000 bonus points and a $99 Companion Fare (plus taxes and fees from $23) after spending $4,000 on purchases within the first 90 days from opening your account.
Rewards currency: Atmos Rewards points, redeemable on Alaska Airlines, Hawaiian Airlines and Oneworld (and select nonalliance) partners.
Key perks: Free checked bag, preferred boarding and an annual Companion Fare (plus taxes and fees from $23; after $6,000 in spending each anniversary year).
Best for: Alaska and Hawaiian loyalists who want airline perks without a premium annual fee.
This is a cobranded airline card, not one that earns flexible, transferable rewards. Its value comes from airline perks and strong partner award pricing, not top-tier everyday earning rates.
Atmos Rewards Business Card pros and cons
Pros
Cons
Valuable points
Free checked bag
Preferred boarding
Reasonable annual fee
No foreign transaction fees
Inflight and lounge discounts
Weak everyday earning rates
No complimentary lounge access
Limited value if you don't fly Alaska or Hawaiian
Must meet a minimum spending requirement for a Companion Fare each year
Atmos Rewards Business Card benefits
For a $95 annual fee, the delivers meaningful airline perks that can quickly offset the cost.
Annual Companion Fare
The Companion Fare is the headline benefit of this card. It allows you to book a second passenger on the same round-trip economy ticket for $99 (plus taxes and fees from $23).
You receive:
One Companion Fare as part of the current welcome offer
Another Companion Fare each anniversary year after $6,000 in spending
ERIC THAYER/BLOOMBERG/GETTY IMAGES
Importantly:
It's not valid for award travel.
You need to pay with your Alaska card.
The cardholder does not need to travel.
Both passengers are eligible for upgrades.
Both passengers earn Atmos Rewards points.
Used strategically on a longer domestic route or a flight to Hawaii, this benefit can save several hundred dollars on a single booking. For many business owners, that alone justifies the annual fee.
Other Alaska and Hawaiian travel perks
Beyond the Companion Fare, the card also offers several airline-specific perks that can help you save money and improve your travel experience. I’ve generally found Alaska to offer one of the more pleasant flying experiences among U.S. airlines, with cabin crews that are consistently friendly and service that feels more personal than that of many competitors.
If you regularly check bags, the free-checked-bag benefit alone can add up quickly. When you pay for your flight with the card, you and up to six guests on the same reservation receive a free checked bag on Alaska Airlines and Hawaiian Airlines flights. That’s at least $90 in savings per person on round-trip domestic itineraries.
You’ll also receive preferred boarding when you use the card to pay for your ticket, helping you secure overhead bin space on full flights.
Furthermore, you'll receive 20% back on Alaska and Hawaiian inflight purchases, including food, beverages and Wi-Fi. That said, Alaska plans to install free Starlink Wi-Fi across its fleet by early 2027. Given that, the Wi-Fi portion of this benefit has limited long-term value. Until the rollout is complete, it can still provide meaningful savings depending on how often you travel.
Alaska Airlines lounge at Los Angeles International Airport (LAX). BENJI STAWSKI/THE POINTS GUY
How to earn and use your rewards
How effectively you earn and redeem Atmos Rewards points will play a major role in the value you get from this card.
How you earn
With the , you’ll earn:
3 points per dollar spent on eligible Alaska Airlines and Hawaiian Airlines purchases
2 points per dollar spent at electric vehicle charging and gas stations, on local transit (including ride-hailing services), and on shipping purchases
Based on TPG’s July 2026 valuations, that works out to:
4.7% back on Alaska Airlines and Hawaiian Airlines purchases
3.1% back in select business categories
1.6% back on everything else
ERIC ROSEN/THE POINTS GUY
Those returns are solid for a cobranded airline card, though other business cards offer stronger returns on general spending.
If you have an eligible Bank of America small-business account, you’ll receive a 10% bonus on points earned, which boosts your effective return across all categories.
How you redeem
For domestic Alaska Airlines and Hawaiian Airlines economy flights, you’ll typically redeem between 4,500 and 17,500 points each way. That can provide solid value.
But where Atmos Rewards points truly stand out is in long-haul premium-cabin partner awards. Several partner sweet spots price from 75,000 points one-way in business class, including from the U.S. to:
Asia on Cathay Pacific
Oceania on Fiji Airways
Australia or New Zealand on American Airlines or Qantas
Seeing multiple regions with rates at the same 75,000-point level makes the program especially compelling for aspirational redemptions. On eligible partner awards, you can also add a free stopover in places like Fiji, Hong Kong and Sydney.
If you fly Alaska or Hawaiian a few times per year and can maximize the Companion Fare, I think the is well worth its $95 annual fee. But if you want flexible rewards or premium travel perks, you’ll likely find better options elsewhere.
When to apply for the Atmos Rewards Business Card
Timing your application can make a difference to the value you receive in the first year.
The current welcome offer allows you to earn 70,000 bonus points and a Companion Fare ($99 fare plus taxes and fees from $23) after spending $4,000 on purchases in the first 90 days from account opening.
A business-class suite on a Hawaiian Airlines Boeing 787 Dreamliner, soon to be branded Alaska Airlines. ERIC ROSEN/THE POINTS GUY
Some applicants report that Bank of America strongly favors customers who already have a banking relationship with the issuer, such as a checking or savings account, though this isn’t a formal requirement and approvals still largely depend on your overall credit profile.
Other cards to consider if you don’t want the Atmos Rewards Business Card
If this card isn’t the right fit for your business, consider these alternatives:
If you spend a lot in popular business categories: The offers valuable points-earning in your two highest spending categories each billing cycle (4 points per dollar on the first $150,000 in combined purchases each calendar year, then 1 point per dollar spent). To learn more, read our full review of the Amex Business Gold.
If you spend a lot on all kinds of purchases: The (see rates and fees) gives you simple flat-rate earning and access to transferable Chase Ultimate Rewards points if you have a premium Chase card. To learn more, read our full review of the Ink Business Unlimited.
The is a strong under-the-radar choice for business owners who regularly fly Alaska Airlines or Hawaiian Airlines.
Between the free-checked-bag benefit, preferred boarding and the valuable annual Companion Fare, this card can easily pay for itself year after year. In my view, the real upside comes from Atmos Rewards partner redemptions that can deliver excellent value if you know where to look.
If you’re loyal to these airlines, this is one of the easiest airline business cards to justify keeping in the long term.
By commenting, you agree to our Community Guidelines to help create a positive space for conversation. The responses below are not provided or commissioned by the bank advertiser, our partners, or The Points Guy (“TPG”). They have not been reviewed, approved, or otherwise endorsed by any of these parties. All responses are submitted by individual contributors, and neither the bank advertiser, our partners, nor TPG are responsible for ensuring that all posts and/or questions are answered.
