New alliance, new offer: Earn 40,000 miles, $100 credit and companion certificate with the Alaska Airlines card

2d ago

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Editor’s note: This is a recurring post, regularly updated with new card offers and information.


While Alaska miles are some of the hardest to earn, they’re also some of the most valuable out there.

And if you’re planning a trip for the future — especially when it comes to international travel — you’ll be grateful for stocking up on this lucrative currency now. Alaska also recently joined the Oneworld alliance, opening the door to a global network of alliance partners, more ways to earn and redeem miles and reciprocal elite benefits — including access to the alliance’s more than 650 lounges globally for those who are eligible. 

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Besides flying on Alaska or on one of the airline’s numerous partners, what’s the next easiest way to obtain miles (that we value at 1.8 cents apiece)? Well, it’s by earning the sign-up bonus on the Alaska Airlines Visa Signature® credit card.

The latest limited-time public offer is for 40,000 bonus miles (worth $720 according to TPG valuations), a $100 statement credit and Alaska’s Companion Fare from $121 ($99 fare plus taxes and fees from just $22). To qualify, you have to make purchases of $2,000 or more within the first 90 days of opening your account.

Here are the details.

In This Post

The Alaska card offer

Alaska Airlines plane landing in San Jose
(Photo by Sundry Photography/Shutterstock)

Get a $100 statement credit, 40,000 bonus miles and Alaska’s Companion Fare from $121 ($99 fare plus taxes and fees from just $22) with this latest Alaska card offer. To qualify, make purchases of $2,000 or more within the first 90 days of opening your account.

The card has a $75 annual fee that is not waived the first year.

At times, we have seen higher targeted offers for this card, so it is always worth paying attention to your mailbox and email inbox if you are considering applying.

Related: A full review of the Alaska Airlines Visa Signature card

Card benefits

Alaska Lounge SFO
The card gets you a 50% discount on Alaska Lounge day passes at locations including San Francisco International Airport (SFO). (Photo courtesy of Alaska Airlines)

The card itself comes with a nice lineup of perks and benefits. You’ll earn 3x miles per dollar on eligible Alaska Airlines purchases, receive a free checked bag on Alaska Airlines flights, get a 50% discount on Alaska Lounge day passes, 20% inflight savings in the form of a statement credit and an annual companion fare each year your account is renewed.

Related: Alaska offering bonus elite-qualifying miles through June 2021

Why Alaska miles are so worthwhile

Alaska Airlines has managed to build an incredibly valuable frequent flyer program through individual partnerships (and now the Oneworld alliance) with a number of top-notch carriers. Between a smattering of different partners (that can provide outsized value to those who know how to finagle the right partner redemptions) and the ability to book free stopovers, the Alaska Airlines Mileage Plan program is one of our favorites here at TPG.

And they’ve rejoined forces with American Airlines and officially joined the Oneworld alliance this spring.

Related: I flew Alaska on its first day in Oneworld: Here’s what it was like as an American Airlines elite

Use your Alaska Airlines miles to book a Cathay Pacific first class seat. (Photo by Emily McNutt/The Points Guy)

Related: Why my American elite status just became much more valuable

One of my favorite uses of Alaska miles is to book Cathay Pacific’s incredibly luxurious premium cabins. One-way awards from the U.S. to Asia are only 50,000 miles in business class or 70,000 miles in first class.

Bottom line

This latest Alaska Airlines card offer is solid, although it’s not the best we’ve seen. Before you apply, brush up on the rules for applying for Bank of America cards including the 2/3/4 rule, limiting consumers to only being approved for up to four new cards in a 24-month period.

Alaska miles offer some of the best value premium cabin redemptions between the U.S. and Asia, so if you’re in the market for a new airline card, this is a compelling option.

APPLY HERE for the Alaska Airlines Visa Signature card

Additional reporting by Ethan Steinberg. 

Featured photo by John Gribben/The Points Guy.

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

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