The Alaska Airlines Visa® Business Card is an often overlooked business credit card issued by Bank of America. The card is absolutely worth picking up if you’re eligible but don’t have it yet. Not only are Alaska Mileage Plan miles incredibly valuable for partner airline redemptions, but the card offers helpful benefits if you fly Alaska Airlines with any frequency.
Alaska Airlines Business Card Basics for January 2022
Let’s take a look at what you need to know about the Alaska Visa Business card, including welcome bonus, application restrictions, annual fee, and rewards structure.
Alaska Visa Business Card Welcome Bonus
The welcome bonus on the Alaska Visa Business card consists of two parts. The card offers the following rewards after making purchases of $3,000 or more within the first 90 days of opening your account:
- 60,000 Mileage program bonus miles
- Alaska’s famous Companion Fare™ from $121 ($99 fare plus taxes and fees from just $22)
Personally, I value Alaska mileage plan miles at 1.8 cents each, so to me, those 60,000 miles are worth $1,080. For example, 60,000 Mileage Plan miles are enough for a one-way business class trip from the United States to many points in Asia in Cathay Pacific business class or Japan Airlines business class, with a stopover included (it is true that restrictions current travel conditions make this complicated).
Then you have the companion fare, which could save you hundreds of dollars on airfare. I will come back to this below. Suffice it to say, this is one of the best credit card welcome bonuses we’ve seen.
Alaska Visa Visiting Card Application Restrictions
Although Bank of America doesn’t have a hard limit on the number of cards you can have with the issuer, there are other restrictions to be aware of. Here are some of the Key Bank of America Application Restrictions:
- You will generally be approved for no more than two Bank of America cards over a rolling two-month period, three cards over a rolling 12-month period, and four cards over a rolling 24-month period.
- You will generally only be approved for Bank of America cards if you haven’t opened three or more new cards from all issuers in the past 12 months, excluding business cards.
- You will generally not receive a new cardholder bonus on a card if you have received a bonus on that specific card within the last 24 months
With those rules out of the way, I find Bank of America business cards relatively easy to approve. Also keep in mind that requesting this card won’t count as an additional request towards Chase’s 5/24 limit, in case it’s something you’re trying to meet (this is because the Bank of America business cards will not appear on your personal credit report).
Alaska Visa Business Card Annual Fee
The Alaska Visa Business card has an annual fee of $50 for business and $25 per card. This means that if you only have one user on the account the annual fee is $75which I consider very reasonable.
Alaska Calling Card Rewards Structure
The Alaska Visa Business Card has a fairly simple rewards structure:
- Earn 3x Mileage Plan miles per dollar spent directly with Alaska Airlines
- Earn 1x Mileage Plan miles per dollar spent on all other purchases
- The card has no foreign transaction fees, making it useful for purchases worldwide
These aren’t exactly industry-leading bonus categories. You can potentially earn more than three points per dollar on airline tickets with other cards, and you can also earn more than one point per dollar on everyday purchases with other cards.
I will say, though, that Alaska miles are otherwise very hard to get, so I know there are people who spend on this card because they value Alaska miles so much, and I think that can be a good strategy.
Benefits of the Alaska Airlines Business Card
The Alaska Visa Business Card offers a variety of benefits, which can potentially more than justify the annual fee year after year. These benefits are the main reason you want to consider getting this card, in addition to the welcome bonus. In no particular order, let’s go over my favorite perks.
First checked bag free on Alaska Airlines
If you have the Alaska Airlines business card, you receive a free checked baggage for you and up to six other passengers on the same booking. Alaska typically charges $30 per checked bag, so if you were traveling with six other people and everyone checked a bag, you’re looking at saving $420 on a round trip itinerary.
Sure, it’s rare for most people to travel with so many companions, but even if you’re traveling with just one other person, you’re looking at saving $120 on a return ticket, which is way more than the fees. card annuals.
Reduced access to the Alaska Lounge
To have the Alaska Airlines business card, you receive a 50% off Alaska Lounge Day Passes. These usually cost $50, but with this benefit, that cost is reduced to $25. This is a price at which I think buying lounge access could make a lot of sense, as you’ll likely pay more than that for a few drinks in the terminal.
If you are an occasional Alaska Airlines traveler, this is a more economical option for lounge access than purchasing an Alaska Lounge membership outright.
20% off Alaska Airlines Inflight Purchases
Just for having the Alaska Airlines business card, you receive 20% off Alaska Airlines Inflight Purchasesincluding food, drink, and Wi-Fi. If you fly Alaska Airlines with any frequency, the value of that will add up quickly.
Alaska Airlines Annual Companion Fare (and How It Works)
Not only does the Alaska Airlines Business Card currently offer a companion fare as part of the welcome bonus, but you also get a Alaska Companion Rate each year on your account anniversary. You’ll receive a voucher that will get you a companion fare starting at $121 ($99 plus taxes and fees, starting at $22).
The Alaska Companion Fare is, in my opinion, the most valuable companion airfare offered by any US airline credit card. The basic restrictions associated with the companion fare are:
- The companion fare is valid only for tickets booked in economy class, although all economy fare classes are included; you can travel on the entire Alaska route system, including international flights
- Tickets booked with the Alaska Companion Fare are scalablefor both lead passenger and companion (this includes the use of Complimentary Elite Upgrades, Gold Guest Upgrades, Instant Upgrade fares, etc.)
- Both passengers booked with the companion Alaska fare earn miles for their tickets
- The companion fare is valid for one year from issueeven if it is only the booking deadline, when you can travel at a later date
- You are allowed to use your companion fare code for two other people, but if you do, you will need to use a credit card in your name to pay for the ticket
- Both passengers must be booked on the same itinerary, travel on the same flights and be ticketed at the same time
- The companion fare is valid for round-trip, one-way and multi-city travel
- The Alaska companion fare is not valid for award travel or for travel that includes segments on airlines other than Alaska or regional affiliates
To me, that’s so valuable, because you can fly from the East Coast to Hawaii, for example, and both passengers are still eligible for mileage accrual and upgrades.
Best Business Card Alternatives
There are many excellent business credit cards out there. If you’re looking for one of the best cards for day-to-day business expenses, I recommend you consider one of the following options:
- The Blue Business® Plus credit card from American Express (test) has no annual fee (Rates and Fees), and offers 2x Membership Rewards points on the first $50,000 spent per calendar year (after that 1x); this is the most lucrative card for the first $50,000 of annual spending without a bonus, in my opinion
- The American Express® Business Gold Card (Revision) has an annual fee of $295 (Rates and Fees) and offers 4x Membership Rewards points in the two categories where your business spends the most each billing cycle (there are certain categories, and this applies to the first $150,000 in combined purchases each calendar year)
- The Ink Business Preferred® (review) credit card has a $95 annual fee and offers the best welcome bonus of any credit card, has an amazing cell phone protection plan and car coverage rental, and offers triple points on the first $150,000 in combined purchases per anniversary year on travel, shipping, internet, cable, phone, and ad purchases made with social media sites and search engines
- If you’re ready for more than one card, it’s great value to bundle the Ink Preferred with the Ink Business Cash® Credit Card (exam) and/or the Ink Business Unlimited® Credit Card (exam) , as the cards offer 1.5-5x points per dollar spent, plus huge welcome bonuses
The Alaska Visa Business Card is a fantastic business credit card that offers a big welcome bonus and solid perks. The initial Mileage plan bonus of 60,000 miles plus a companion fare will be helpful for cardholders. Plus, savings on checked bags, lounge access and in-flight purchases will add up over time. If you don’t have this card yet and are eligible, I would seriously consider it.
If you want to know more or apply for the Alaska Business credit card, follow this link.
The following links will direct you to the rates and fees for the American Express cards mentioned. These include: American Express® Business Gold Card (Rates and Fees) and the Blue Business® Plus credit card from American Express (Rates and Fees).