40,000 Alaska Air Miles After Spending $24,000 (Don’t Choke on the Coffee!) in 12 Months

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40,000 Alaska Air Miles After Spending $24,000 (Don’t Choke on the Coffee!) in 12 Months

Million Mile Secrets40,000 Alaska Air Miles After Spending $24,000 (Don’t Choke on the Coffee!) in 12 MonthsMillion Mile Secrets Team

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Update:   This offer is no longer available.  Check our Hot Deals for the latest offers. 

Via FlyerTalk, you can get 40,000 Alaska Air miles and a $99 Companion Certificate after spending (I’m not making this up!) $24,000 in 12 months.

40,000 Miles Alaska Visa (Personal)

Link:  40,000 Miles Alaska Visa (Personal)

Link:  40,000 Miles Alaska Visa (Business)

To be fair, you get 25,000 miles after approval so there’s no minimum spending involved initially.

But you get an additional 15,000 miles only after you spend a minimum of $2,000 every month for the first 12 months (or $24,000 within 12 months!)  And the $75 annual fee is not waived.

There is a 3% foreign transaction fee so you don’t want to use this card outside the US.

Warning:  Bank of America may issue you a lower Platinum Plus or Preferred card, if you don’t qualify for the Visa Signature card, which offers only 5,000 or 3,000 miles!  In which case, I suppose you’ll get back by not spending $24,000 on the card.

I can see why Bank of America wants you to actually show them that you’re using the card for your regular spending before giving you the additional bonus miles.  If they give you the bonus up front, they know that some folks won’t use the card anymore!

I suspect that this offer is one of many test offers which are evaluating how to ensure that customers sign-up for the card AND spend money on the card.

Bank of America has played around with 30,000 mile and 25,000 mile offers with a $100 statement credit as well.  I wonder what the data’s telling them!

Big Spending

Spending $24,000 for an extra 15,000 miles isn’t worth it for most folks.  Sure, there are over 40 ways to meet the minimum spending, but $24,000 is a lot of money!

Most folks would be better getting the 25,000 Alaska Air miles and using the $24,000 towards the sign-up bonus on other credit cards.

For example, you need to spend only $2,000 within 3 months to get a 50,000 point bonus on the Southwest card which is worth $710 to ~$850 in flights!

But if you’re a Big Spender, you’d earn 1.62 Alaska Air miles per $1 spent up to $24,000.  That’s because you’d earn a total of 39,000 Alaska Air miles (24,000 regular miles and 15,000 bonus miles) for spending $24,000.

This is better than the American Express Starwood card which earns 1.25 Alaska Air miles if you transfer Starwood points in increments of 20,000 to airlines.

Companion Ticket

You get a $99 companion ticket (plus taxes and fees) every year with the Alaska Air card.  So someone can fly with you for $99 + taxes to any destination which Alaska Air flies.  The companion ticket is only valid in coach, but it can be a good value depending on how you use it.

For example, if you wanted to fly from Austin to the Big Island of Hawaii in June 2014, a coach ticket costs ~ $1,162 for 1 person.

40,000 Alaska Air Miles
1 Alaska Coach Ticket Costs $1,162…but You Can Take a Companion!

Using your companion ticket you can get 2 tickets for $1,326 ($1,162 for the ticket + $99 Companion Ticket + ~ $65 taxes for the Companion Ticket) or $663 per person.  And both you and your companion earn miles on the ticket!

You can also use Alaska Air miles on partner airlines such as American, British Airways, Cathay Pacific, Delta, Air France, LAN, etc.

Bottom Line

You can get 40,000 miles and a $99 Companion Ticket on both the personal Alaska Visa and business Alaska Visa.

For most folks, spending $24,000 in a year for an extra 15,000 miles could cause you to lose out on the sign-up bonus from other credit cards!

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Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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So basically 4 VRs/mo at $3.95 ea is $15.80 x 12 mos = $189.60 to get 39k Alaska miles, works out to just under 1/2 cent per mile if you manufacture the spend that way, not such a bad deal then.

The spend isn’t just $24K year. You have to make sure you spend $2k a month to get the bonus miles.

From the T&Cs

“Visa Signature cardholders will receive 15,000 additional miles after making at least $2,000 in net purchases each month for the first 12 months the account is open”

oh Man… I just applied for and got approved for this on the 15th. I bought a tix for my mother and the offer popped up.

I got the 25000 miles after $1000 spend and $100 statement credit (to covered or recoup the annual fee). so +$25 or 2500

I am going to ask to be match to this offer. I am going to keep the card long term anyways, as members of my family travel to Mex multiple times a year and this is 3x miles.

Author
Million Mile Secrets

@leslie @Eric – I’ve written about both those offers and linked to them in the above post!

@Renate – Depends on your travel goals, but outside of travel to Alaska, the Southwest card is the much better choice for domestic travel.

@BB – Ahh. I get it now! It was early in the morning for me too.

I see this as a legitimate signup for some – 25,000 miles with no minimum spend requirement. For $75, you get at a minimum a free domestic round-trip on American, Delta or Alaska (plus a companion ticket for use on Alaska itself), and it’s with a different bank than most. I would think that very few would find spending another $24,000 on the card is a good deal for the extra 15k though.

MMS,

Sorry…my comment was not directed to you! (I will say that I posted that early in the am, as I was having my 1st cup of coffee!).

My comment was more directed at BOA and the extreme spend requirement they attached to the card to get the extra miles. That was the part that I believed did not pass the spirit of the “mother-in-law test”.

You did a great job in steering people away from this card and appreciate the fact that you posted it, thus warning us of possible things to come…and I hope they don’t! I have a hard enough time keeping up with spend requirements now but manage with determination…I would never commit to this card.

Thanks again for the posting – it was still an interesting read!

🙂

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