The Alaska Airlines Visa Signature® Credit Card is a travel rewards card with a $75 annual fee. It offers fairly generous rewards for Alaska Airlines airfare purchases, as well as dining with more than 11,000 Alaska Airlines restaurant partners. Every $1 spent earns Alaska Airlines Mileage Plan miles, which are redeemable for Alaska Airlines flights, vacation packages, and cargo purchases, as well as airfare purchases with American Airlines, Delta Airlines, and several other partners.
The Alaska Airlines Visa Signature Card also offers a nice lineup of travel benefits. It’s comparable to other brand-specific airline credit cards, including United MileagePlus Explorer, Citi / AAdvantage Platinum Select, British Airways Visa Signature, and Gold Delta SkyMiles from American Express. It also competes with general-purpose travel credit cards such as Discover it Miles, Chase Sapphire Preferred, Barclaycard Arrival Plus, and Capital One Venture Rewards.
- Sign-up Bonus: After making $1,000 or more in purchases within 90 days, you get a 30,000-mile bonus. That’s worth anywhere from less than $240 to more than $480, depending on how you redeem. You don’t have to spend anything or take any specific action to get this deal.
- Earning Mileage Plan Miles: The Alaska Airlines Visa Signature Card earns an unlimited 3 Mileage Plan miles per $1 spent on Alaska Airlines Airfare. Purchases with 10,000 Mileage Plan Dining partner restaurants, including independent restaurants and chains such as IHOP and Buca di Beppo, earn an unlimited 5 miles per $1 spent (including tax and tip). All other purchases earn an unlimited 1 mile per $1 spent.
- Redeeming Mileage Plan Miles: You can redeem accumulated Mileage Plan miles for flights with Alaska Airlines and about a dozen airline partners, including Cathay Pacific, British Airways, American Airlines, and Delta Airlines. Redemption minimums generally start at 10,000 miles for domestic economy Alaska Airlines flights (7,500 miles for select intra-state flights that begin and end in the same state). Other carriers’ minimums range as high as 25,000 miles for domestic economy flights, and higher still for international flights. With some carriers, including Alaska Airlines, it’s possible to combine miles and cash at redemption, provided you have the minimum number of miles required. Doing so occasionally confers a discount. For instance, Alaska Airlines offers fare discounts up to $200 per flight when you choose its Money & Miles option. You can also redeem for Alaska Airlines first class upgrades, starting at 15,000 miles one-way. Mileage Plan miles are generally worth $0.01 to $0.015 apiece at redemption, though their value can vary greatly depending on the routes and dates for which they’re redeemed. In general, longer, non-peak-season overseas flights offer the best value, while short-haul domestic flights offer the least value.
- Companion Airfare Benefit: No matter how many miles you’ve earned or which route you select, you’re entitled to 1 discounted companion airfare ticket (round-trip) per year. The base fare for this ticket is always $99, and the additional taxes and fees can be as low as $22, for a total of as little as $121. The traveler using the companion award must accompany someone who pays the full published fare for the same flight. The award expires 12 months from the date of issue.
- Overdraft Protection: Bank of America deposit accountholders can protect against overdrafts by linking their checking, savings, or money market accounts to their Alaska Airlines Visa Signature Card. When an overdraft occurs, the Alaska Airlines card is drawn on for a cash advance in increments of $100. For instance, a $150 overdraft produces a $200 advance. Each overdraft advance costs $12 (as opposed to the regular cash advance rate of the greater of $10 or 3%) and accrues interest at the maximum cash advance rate (25.24%).
- Additional Travel Benefits: This card comes with some additional travel benefits, including a free first checked bag for the cardholder and up to 6 companions (worth up to $175 per flight) and a $50 discount on an Alaska Airlines Board Room airport lounge membership (normally $450 per year).
- Regular APR: This card’s purchase and balance transfer APR is a variable 12.49% to 19.49%. The cash advance APR is 15.49% or 22.49%, depending on advance method (bank cash advances are more expensive). The penalty APR is 29.99%.
- Important Fees: This card comes with a $75 annual fee. Balance transfers and cash advances cost the greater of $10 or 3%, and foreign transactions cost 3% of the total transaction amount. Returned payments cost $27, while late payments cost $37.
- Credit Required: This card requires excellent credit.
- Sign-up Bonus Requires Reasonable Spending. The Alaska Airlines Visa Signature card’s sign-up bonus is relatively simple to attain. When you spend $1,000 within 90 days of opening your account, you get 30,000 bonus Mileage Plan miles – a value of up to $480, and sometimes even more. Compare that to the British Airways Visa Signature Card ($95 annual fee), whose sign-up bonus requires new cardholders to spend $3,000 within 90 days of account opening.
- Mileage Plan Dining Boosts Earning Power at Restaurants. If you dine out frequently, this is one of the best travel rewards cards around. All told, more than 10,000 restaurants participate in Mileage Plan Dining, and participants are particularly plentiful in markets served by Alaska Airlines. British Airways Visa Signature and United MileagePlus Explorer ($95 annual fee) don’t offer such generous restaurant benefits.
- Companion Airfare Benefit Is Great for Traveling Couples. This card’s companion airfare benefit is perfect for traveling couples planning longer trips. Depending on the route it’s used for, it can be worth hundreds of dollars. United MileagePlus Explorer and Gold Delta SkyMiles lack comparable benefits.
- Includes an Airport Lounge Benefit. This card comes with a $50 credit toward Alaska Airlines Board Room airport lounge membership. Neither the comparable Citi / AAdvantage Platinum Select nor the Gold Delta SkyMiles Card from American Express offer discounted lounge membership, though Amex’s card does offer one-time discounted access.
- Bank of America Customers Get Overdraft Protection. If you have a deposit account with Bank of America, you can use your Alaska Airlines Visa Signature Card to protect against overdrafts. This is a great benefit relative to other travel cards with associated deposit institutions, such as Discover it Miles and Discover Bank.
- Partner Airlines Serve Much of the Globe. Although Alaska Airlines primarily serves the United States (and really only focuses on the western United States, at that), accumulated Mileage Plan miles are redeemable with about a dozen other airlines with global reach. Cathay Pacific serves much of East Asia, Qantas serves Australia, British Airways serves Europe, and so on. If you plan to travel beyond Alaska Airlines’ home territory, you can still find opportunities to get free flights.
- Can Only Redeem for Airfare and Related Purchases. The Alaska Airlines Visa Signature Card’s rewards program is fairly generous, but the redemption process is restrictive: You can only redeem for Alaska Airlines and partner airfare and upgrades, or for Alaska Airlines vacation packages and cargo shipments. You can’t redeem for hotel nights, rental cars, or other travel purchases. This is a big drawback relative to a general-purpose travel card such as Chase Sapphire Preferred or Capital One Venture Rewards.
- Moderate Baseline Rate for Earning Miles. The Alaska Airlines Visa Signature Card earns 1 mile per $1 spent for all non-airfare and non-dining purchases. That’s a definite drawback for cardholders who don’t purchase Alaska Airlines airfare or dine out very frequently. If you’re looking for a better baseline earning rate, consider a general purpose travel card such as Barclaycard Arrival Plus ($89 annual fee), which earns an unlimited 2 points per $1 spent on all purchases.
- Limited In-Flight Perks. The checked bag fee waiver and Board Room membership credits are nice, but the Alaska Airlines Visa Signature Card has few benefits once it’s actually time to board your flight. For instance, you don’t get priority boarding or in-flight discounts with this card. Gold Delta SkyMiles ($95 annual fee) offers both, while Discover it Miles (no annual fee) reimburses you up to $30 per year for in-flight WiFi purchases.
- Has an Annual Fee. This card comes with a $75 annual fee. That’s a drawback for frugal travelers and those who don’t fly enough to justify an annual outlay. For a fee-free option, look to Discover it Miles.
- Has a Foreign Transaction Fee. Alaska Airlines Visa Signature charges a 3% foreign transaction fee. That puts it among a distinct minority of travel rewards cards with foreign transaction fees – and puts cardholders who travel internationally at a disadvantage.
Like many travel rewards cards, the Alaska Airlines Visa Signature® Credit Card‘s perceived value depends heavily on how you use it. If you dine out frequently at Mileage Plan Dining partners and use Alaska Airlines as your default airline, it’s going to be hard to beat this card. If you’re airline-agnostic, don’t live near an Alaska Airlines airport, or don’t dine out often, there are many better travel rewards cards for your money.
Then again, this card’s benefits are pretty attractive. If you’re willing to make a few lifestyle tweaks to boost its miles earning power, you probably won’t be disappointed.