30 March 2023
Editor’s note: This is a recurring post, regularly updated with new information and offers.
Time’s running out on the best-ever offer is back for a credit card that earns our highest-valued airline miles.
Bank of America’s Alaska Airlines Visa® Business card currently offers a bonus of 70,000 bonus miles plus Alaska’s Famous Companion Fare from $122 ($99 fare plus taxes and fees from $23). To qualify, make $4,000 or more in purchases within the first 90 days from account opening.
This highest-ever offer matches the offer we saw in October last year, but the offer ends on April 3, so be sure to apply before then.
Let’s look at this offer on the Alaska Airlines Business card and why it’s so valuable.
Current sign-up bonus on the Alaska Airlines Business card
New applicants for the Alaska Airlines Visa Business card can earn 70,000 bonus Alaska Airlines miles plus Alaska’s Famous Companion Fare from $122 ($99 fare plus taxes and fees from $23). To qualify, make $4,000 or more in purchases within the first 90 days of opening your account. Offer ends April 3.
TPG values Alaska miles the highest of any airline miles — at 1.8 cents each — making this bonus worth a solid $1,260.
You can get even more value out of it, though, if you redeem these miles for flights on one of Alaska’s partner airlines, such as Cathay Pacific. A one-way, business-class award from the U.S. mainland or Alaska to Asia can include a free stopover in Hong Kong, and pricing starts at 50,000 Alaska miles.
Related: 5 ways the TPG staff would redeem 70,000 Alaska miles
Business class on the Cathay Pacific Airbus A350. ZACH HONIG/THE POINTS GUY
These tickets often sell for several thousand dollars.
FLIGHTS.GOOGLE.COM
However, do note that Mileage Plan has recently devalued the program — without notice. So it may be harder now to get the maximum value out of the miles earned with this sign-up bonus.
Benefits of the Alaska Airlines Business card
The Alaska Airlines Business card has a $95 annual fee ($70 for the company and $25 for the first card). You’ll pay $25 for each additional card on the account.
Related: Our full review of the Alaska Airlines Visa® Business card
Cardmembers earn 3 miles per dollar spent on eligible Alaska purchases.
Recent changes to the card include improved benefits and a broader earning structure. You’ll now earn 2 miles per dollar on gas, local transit (including ride-hailing apps) and shipping. You’ll earn 1 mile per dollar everywhere else.
You also can receive 10% bonus miles on all purchases through a relationship bonus, available to those with eligible Bank of America small-business accounts.
Additionally, there are no foreign transaction fees, and miles never expire on active accounts.
Related: Alaska Airlines credit cards get additional perks, new restrictions — and a higher annual fee
Cardholders and up to six companions traveling on the same reservation will enjoy a free checked bag on Alaska Airlines flights (when using this card to pay for the ticket) and discounts on Alaska Airlines Lounge+ memberships. Additionally, cardholders enjoy priority boarding on Alaska Airlines flights when using this card to pay for the ticket.
Cardholders also get an Alaska companion certificate from $122 ($99 fare plus taxes and fees from $23) after spending $6,000 or more on purchases within your anniversary year. The companion certificate allows you to bring a friend or family member on a round-trip, Alaska-operated flight in economy class, which can be a great strategy to get two people to Hawaii or to save money on expensive flights.
Related: How my unused Alaska Companion Fare saved a co-worker nearly $700 on summer travel
THE POINTS GUY
Cardholders also get 20% back on Alaska Airlines inflight purchases when paying with their new card.
As Alaska Airlines is a Oneworld alliance member, you’ll also have access to booking awards with these airlines and Alaska’s other non-alliance partners. You can view those award charts by clicking here, but remember the program has undergone several devaluations recently.
Another perk is that Alaska Airlines flights have no blackout dates when using miles or a companion fare.
As a bonus, this small-business card won’t count against your 5/24 status with Chase, meaning those who are interested should be able to take advantage of this offer without sacrificing their long-term credit card strategy. Here are some tips for becoming eligible for a small-business card. Before applying, read this ultimate guide to Bank of America credit cards for any application rules or bonus eligibility checks you need.
Related: The ultimate guide to credit card application restrictions
Bottom line
70,000 Alaska Mileage Plan miles is a great offer on this card. These are some of the hardest miles to earn; they’re also some of the most valuable. This matches the bonus available from the Alaska Business card’s highest-ever offer last year.
Redeeming these miles for flights worth several thousand dollars should be easy. Check out our guide to the best sweet spots with Alaska Airlines Mileage Plan for some inspiration.
Apply now: Alaska Airlines Visa® Business card