Many of the credit card offers that appear on this site are from credit card issuers from which MillionMileSecrets.com receives compensation. Compensation does not impact the placement of cards on Million Mile Secrets other than in banner advertising. MillionMileSecrets.com does not include all credit card offers that might be available to consumers in the marketplace.

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! :)

Alaska Airlines credit card review: Annual companion fare, terrific partners and 40,000 valuable miles

Signing up for credit cards through partner links earns us a commission. Terms apply to the offers listed on this page. Here’s our full Advertising Policy.

Alaska Airlines credit card review: Annual companion fare, terrific partners and 40,000 valuable miles

Jason StaufferAlaska Airlines credit card review: Annual companion fare, terrific partners and 40,000 valuable milesMillion Mile Secrets Team

Signing up for credit cards through partner links earns us a commission. Terms apply to the offers listed on this page. Here’s our full Advertising Policy.

With a favorable award-redemption chart and variety of airline partners, Alaska Airlines miles are among the most valuable airline miles out there, and you don’t have to live in Alaska to get great value out of them. Alaska Airlines has hubs in Seattle, Portland, San Francisco, Los Angeles and Anchorage and has focus cities in San Jose and San Diego. It serves 115 destinations across 35 states, Mexico, Canada and Costa Rica, and if you’d like to go even farther, Alaska Airlines has great redemption options on partner airlines that can take you all over the world.

Even better, the Alaska Airlines Visa Signature® credit card now offers a 40,000-mile sign-up bonus after you spend $2,000 on purchases within the first 90 days of account opening. You’ll also receive an Alaska Airlines Companion fare for $121 ($99 fare, plus taxes and fees from $22) when used with a paid coach airfare. This can save you hundreds of dollars and you get another companion fare every year on your account anniversary, making it one of the best airline credit cards.

Alaska Airlines miles are useful for getting to Hawaii. (Photo by Shane Myers Photography/Shutterstock)

Who is the Alaska Airlines credit card for?

Alaska Airlines operates most of its hub and focus cities on the West Coast, but earning Alaska Airlines miles is a great idea no matter where you live. The airline has so many great partners, each with its own separate award chart. So there are lots of great deals available with the Alaska Airlines Mileage Plan program.

I think Alaska Airlines miles are some of the best for flying to Asia in business or first class because Alaska is partners with Cathay Pacific, Hainan Airlines, Korean Air and Japan Airlines. The award prices for Cathay Pacific and Japan Airlines are particularly generous. You can fly in business class for 50,000-60,000 each way with these partners.

Japan Airlines business class. (Photo by Zach Griff)

The biggest drawback to Alaska Airlines miles is that there just aren’t that many ways to earn them. Other than this card (and the Alaska Airlines Visa® Business credit card) the only major transferable points that convert into Alaska miles are Marriott points.

Current bonus

With the Alaska Airlines credit card you can earn 40,000 Alaska Airlines miles and an Alaska Airlines companion fare after you spend $2,000 on purchases within the first 90 days of account opening. With this companion fare, a friend can fly with you for just $99 plus taxes and fees (from $22). This can save you hundreds of dollars on airfare.

Benefits and perks

The Alaska Airlines credit card benefits include a free checked bag for you and up to six passengers on your reservation — a savings of $30 per person in baggage fees each way (a great perk if you don’t have Alaska Airlines elite status). When you use your Alaska Airlines credit card on Alaska Airlines purchases, you earn 3x miles and you’ll earn one miles per dollar on all other purchases. You also have no foreign transaction fees.

This card doesn’t come with airport lounge access, but you will get a 50% credit when you buy Alaska lounge day passes with the card and 20% back on eligible inflight Alaska Airlines purchases.

Along with the great sign-up bonus, the card comes with an Alaska Airlines companion fare after you spend $2,000 on purchases in the first 90 days. But what makes this companion fare the most attractive perk of the card is that you earn another companion fare annually for as long as you keep the card.

To use the companion fare, simply search for an itinerary for two people and apply the unique coupon code that is automatically deposited in your Alaska Airlines account. The cost of the second passenger is just $99 + taxes and fees. This can equate to huge savings.

For example, looking at a flight from Chicago to Anchorage, the price for one passenger is $496, including $57 in taxes and fees. If we apply the companion fare to this itinerary, a second passenger would cost an additional $99 plus $57 in taxes and fees. This would bring the total for two passengers to $652, or $326 per person. That’s a savings of $340.

But we can do even better. You can use the Alaska Airlines credit card companion fare on itineraries with a stopover as well. Take a look at this itinerary from New York to Kauai with a stopover in Seattle.

When we apply the Alaska Airlines credit card companion fare to this itinerary, a second passenger costs an additional $99 plus $89 in taxes and fees. This would bring the total for two passengers to $1007, or $503 per person – a savings of $631.

The card also includes various insurances and coverages, including:

  • Auto Rental Collision Damage Waiver Coverage for car rentals almost anywhere in the world when you pay with your card
  • Extended Warranty Protection for up to one year of additional warranty coverage
  • Roadside Dispatch Service for a fee of ~$70
  • Travel Assistance Services through a free phone number reachable anywhere in the world

There is no additional registration needed for these perks. The auto rental CDW coverage and extended warranty protection are automatic as long as you use your Alaska Airlines credit card, and the other services are available whenever you need them.

How to redeem Alaska Airlines miles

With perhaps the best all-around award chart of any U.S. airline, the 40,000-mile welcome bonus can go a long way. Here are some examples of how you can use Alaska Airlines miles.

  • Two round-trip coach flights from San Francisco to Los Cabos, Mexico
  • Two round-trip coach flights from Seattle to Anchorage
  • Two round-trip coach flights from Chicago to Los Angeles
  • Four round-trip coach flights from Eugene, OR to Vancouver
  • One-way flight in first class from Chicago to Honolulu
  • One round-trip coach flight from New York to Kauai (with 10,000 miles left over)

Better yet, Alaska lets you book a free stopover on one-way tickets. For example, an award ticket from New York to Kauai costs 15,000 miles, but you can add a free stop in Portland for seven days at no extra cost. You can book these stopovers by searching with the multi-city option. You can then book a separate one-way award with a stopover in a different city coming back.

Between these two itineraries, you could fly from New York with stops in Portland, Kauai, San Jose and back to New York for only 30,000 miles and $22 in taxes and fees. Or you could even book an open jaw in Hawaii by booking a return flight from another Hawaiian airport.

This gives you the ability to book an itinerary from New York with a stopover in Portland before arriving in Kauai and then you could return from Honolulu with a stopover in Los Angeles before ending in New York. You would have to book a separate flight from Kauai to Honolulu, but the rest of the itinerary would still cost just 30,000 miles and $22 in taxes and fees. That’s an incredible deal.

Using Alaska Airlines miles on partner airlines

You can also redeem Alaska Airlines miles for flights on airline partners. Alaska Airlines is not a member of the three major airline alliances, so they have great partner options across all alliances, including:

You can get great redemption value on some of these airline partners. Here are some examples of what you can do with the 40,000-mile sign-up bonus on Alaska Airlines partners from the U.S.:

  • One way to Thailand in premium economy on Cathay Pacific (35,000 miles)
  • One way to Australia in coach on Cathay Pacific (40,000 miles)
  • Round trip to Aruba in coach on American Airlines (35,000 miles)
  • Round trip to Peru in coach on American Airlines (40,000 miles)
  • One way to India in coach on Japan Airlines (40,000 miles)

For just 5,000 miles more (45,000 miles total), you can fly round-trip coach from the U.S. to Europe between October 15 and March 15 on American Airlines. And Alaska’s award chart for Qantas is also pretty incredible, take a look at these prices from the U.S. to Australia:

Qantas first-class awards can be scarce, but 55,000 miles for a business-class award to/from Australia is a great deal. Speaking of great deals to Australia, you could also fly Fiji Airways from the U.S. to Australia for only 55,000 miles in business class and you could add in a free stopover in Fiji. Granted, Fiji Airways’ business class pales in comparison to Qantas, but that’s still a heck of a trip.

Booking flights on Alaska Airlines partners is just as easy as booking an Alaska Airlines flight. You can do so right on the website. The only exceptions are flights on LATAM and Cathay Pacific, which you have to book by calling Alaska Airlines reservations at 800-252-7522.

Qantas business class. (Photo by JT Genter)

Is the Alaska Airlines credit card worth the annual fee?

The Alaska Airlines credit card is worth the annual fee if you can use the companion fare, which can easily save you several hundred dollars every year. This far outweighs the $75 annual fee.

Additionally, you get a free checked bag, discounts on lounge passes and inflight purchases and have an easy way to earn elusive Alaska Airlines miles.

Insider Tip

When you’re taking advantage of Alaska Airlines’ generous routing rules and trying to add a stopover on your award flight there are two things to consider. First, you can generally only add a free stopover in one of that airline’s hub cities. So for Cathay Pacific it would be Hong Kong and with Alaska you could add a stopover in Portland or San Francisco, as examples.

The other restriction is that when you are booking partner Alaska Airlines awards you can only have a single partner per award, in addition to Alaska Airlines. You can get around this restriction by booking two one-way flights instead of a round-trip. I did this on a trip to Asia. I flew Alaska Airlines to San Francisco (had a 1-day visit in the city) on my way to Tokyo on Japan Airlines. After a week in Tokyo I flew Cathay Pacific back home with a stopover in Hong Kong. The downside to booking your flights this way is that if you need to make changes you could potentially pay double the change or cancellation fees because you’ll have two tickets instead of one.

Pairing the Alaska Airlines credit card with other credit cards

If you are a business owner and would like to earn Alaska Airlines miles for business expenses, consider the Alaska Airlines Visa® Business credit card. The perks of the business card are almost identical to the great perks listed above.

You’ll need good-to-excellent credit to get approved for the Alaska Airlines credit card. If you’re new to credit cards, we always recommend you apply for the Chase credit cards you want first, because of their strict 5/24 rule.

Bank of America also limits the number of new credit cards you can open with them. You cannot open more than two Bank of America credit cards in two months, three in 12 months, or four in 24 months. Additionally, you will not get approved for this card if you have or have had the card in the previous 24 months.

If these limitations mean you won’t be eligible for this card, you could look into opening one of the Marriott credit cards because you can transfer Marriott points to Alaska Airlines:

Marriott points transfer at a 3:1 ratio to Alaska Airlines and you get 5,000 bonus miles for every 60,000 Marriott points you transfer. So a 60,000 point transfer would earn you 25,000 Alaska miles.

Bottom line

The Alaska Airlines credit card is one one of the best ways to earn valuable Alaska Airlines miles. With a 40,000-mile bonus after you meet minimum spending requirements, you’ll be well on your way to a vacation in Hawaii, Mexico or some place even further.

You also get valuable perks like a free checked bag for you and up to six companions on the same reservation, and you’ll earn 3x miles on Alaska Airlines purchases.

But the most valuable perk of all is the annual Alaska Airlines credit card companion fare, which can be used across the Alaska Airlines network and can include a stopover. A ticket from the east coast to Hawaii with a stopover on the West Coast can easily cost over $800. With the Alaska Airlines credit card companion fare, you can fly a second passenger for just $121 ($99 fare, plus taxes and fees from $22). That could mean a total savings of $700, which easily makes the $75 annual fee worth it.

Alaska Airlines operates lots of flights from the West Coast, so the Alaska Airlines credit card should be in the wallets of any West Coast travelers. However, with the value and versatility of Mileage Plan miles, travelers from everywhere can find great value in the card.

For more credit card news, deals and analysis sign-up for our newsletter here.

Alaska Airlines Visa Signature® credit card

Alaska Airlines Visa Signature® credit card

  • Now - 40,000 Bonus Mile + Alaska's Famous Companion Fare™ Offer.
  • Get 40,000 bonus miles and Alaska's Famous Companion Fare™ from $121 ($99 fare plus taxes and fees from $22) with this offer. To qualify, make purchases of $2,000 or more within the first 90 days of opening your account.
  • Save with a free checked bag on Alaska flights for you and up to six other guests on the same reservation.
  • Get Alaska's Famous Companion Fare™ every year! Each year on your account anniversary get a companion fare from $121 ($99 plus taxes and fees from $22). Valid on all Alaska flights booked on alaskaair.com with no blackout dates.
  • Earn unlimited 3 miles for every $1 spent on eligible Alaska Airlines purchases and 1 mile for every $1 spent on all other purchases. And, your miles don't expire on active accounts.
  • New! Enjoy 50% off day passes at the Alaska Lounge and 20% back on all Alaska Airlines inflight purchases when you pay with your new card.
  • Redeem miles with no blackout dates on any of Alaska's 1,200 daily flights or choose from over 900+ destinations with more than a dozen global airline partners. Plus, get exclusive access to discounted redemption levels when you redeem miles for hotel stays at over 400,000 properties using Alaska Airlines Hotels.
  • Plus, no foreign transaction fees and a low $75 annual fee.

More Info

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! :)

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry that something went wrong, repeat again!

20comments

by Newest
by Best by Newest by Oldest

Alaska airlines companion fare is a ripoff. It rarely works out to much savings as they jack up the flight prices for the one person paying. fees are really high.

I don’t recommend this card. HORRIBLE CUSTOMER SERVICE at Alaska airline. I booked a flight with the companion pass, then canceled because the flight is too expensive (over $1000 to go from SF to Orlando); the companion pass should come back within 2 days according to their manual, but it didn’t after 3 days. When I called about it & talked to the supervisor, she basically told me indirectly: Too bad for you, and there’s no way we can help you although it’s our fault & we’re not taking any responsibility for it; you just have to keep waiting, and why don’t you just hang up because you’re wasting everyone’s time by not doing so. Unblievable!!!

With customer service like that, I wouldn’t want to give this crappy airlines any real business. My family will probably fly with American Airlines to Orlando instead.

I don’t recommend this card. HORRIBLE CUSTOMER SERVICE at Alaska airline. I booked a flight with the companion pass, then canceled because it’s the flight is too expensive; the companion pass should come back within 2 days according to their manual, but it didn’t after 3 days. When I called about it & talked to the supervisor, she basically told me indirectly: too bad for you, and there’s no way we can help you; you just have to keep waiting, and why don’t you just hang up because you’re wasting everyone’s time by not doing so.

I’m wanting to get this card but I’ve read numerous complaints about Bank of America’s customer service. I wonder if it’s worth the frustration?

Me personally, I’d still go for it. The pros of having the card would outweigh any potential cons. Plus, I can probably count on one hand the number of times I’ve had to contact a credit card’s customer service line in the past few years.

You are correct on that. Unfortunately, Alaska partners only with BofA for their credit card. My issue is with there fraud security. It is extreme to the point of a pain to use. Even with online vendors that I use repeatedly they constantly block charges. When I call to complain, they don’t care and seem unable to fix the issue. If you travel, definitely don’t forget to go into your account and give them your travel plans, even if you booked your plane ticket to your destination with that card. The lack of knowing or learning you and your purchasing habits shows that the software written for their fraud is archaic. Then to top it off, 2AM I get recent charge alerts on my phone. This is a helpful option so you don’t have charges stopped but instead of going off as soon as you make the charge, it delays. American Express has a far better system to the point of not even having a trip report option on their website, no need.

I’m about to go on a trip to Tanzania and want a card to use if necessary while travelling. Should I use this card or my Chase Ink Card which I already met the bonus for? I can’t tell if this Alaska card has a fee on foreign transactions.

Hi Marley,

This card has no foreign transaction fees 🙂

Load more