ALK Alaska Air Group Inc

Cardholders now enjoy new ways to earn double miles on everyday purchases, priority boarding, expanded free checked bag privileges; for a limited time, new cardholders can receive 70,000 bonus miles after making qualifying purchases

SEATTLE, Jan. 18, 2023 /PRNewswire/ -- A new year reveals new reasons to celebrate what makes the Alaska Airlines Visa Signature® credit card, co-branded with Bank of America, better and more valuable than ever. Our current and new cardholders can now take advantage of enhanced benefits when they use the card while traveling with us and while making everyday purchases – from earning more miles in new ways to boarding their flight earlier to continued savings with a free checked bag and Alaska's Famous Companion Fare™.

Cardholders will enjoy these new benefits:

• Earn Double Miles: Cardholders now earn 2 miles for every dollar spent on eligible purchases made every day – including gas, local transit including ride share, cable bill and select streaming services. Alaska miles don't expire so they can be redeemed at any time.
• Relationship Bonus: A 10% rewards bonus on all miles earned from card purchases with an open, eligible Bank of America checking, savings or investment account.
• Priority Boarding: Early group boarding when tickets are purchased with an Alaska Visa Signature® card.
• Expanded Privileges for Authorized Users: Authorized users added by primary cardholders will now receive additional savings and convenience when the Alaska Visa Signature® card is used to purchase a ticket. Authorized users can continue to book their own travel with the card but will now also gain access to a free checked bag and priority boarding even when they're not traveling with the primary cardholder (previously, authorized users needed to travel with the cardholder on the same reservation to receive a free checked bag).
• Alaska Lounge+ Membership Discount: Cardholders can enjoy $100 off the price of an Alaska Lounge+ membership every year when purchased with their Alaska Visa Signature® card.

"With our newly enhanced Visa Signature® credit card, we strived to add benefits that mean the most to our cardholders – from adding value to their travel experience when using the card to earning more miles on things we buy all the time," said Sangita Woerner, senior vice president of marketing and guest experience at Alaska Airlines. "All those earned miles with the card can be redeemed in our award-winning Mileage Plan program for flights on Alaska, our fellow oneworld member airlines and our additional global partners."

Cardholders will also continue to enjoy the card's additional benefits:

• Alaska's Famous Companion Fare™ Every Year: Current cardholders will continue to receive a companion fare that allows them to book a companion flight from just $122 ($99 fare plus taxes and fees from $23) when bought with their Alaska Visa Signature® card. The companion fare becomes available annually after their card anniversary and it's valid on all flights booked on alaskaair.com. New cardholders must spend $6,000 or more on purchases within the prior anniversary year to receive the annual companion fare.
• Continuing Ways to Earn Miles: Cardholders will still earn 3 miles for every dollar spent on eligible Alaska purchases and 1 mile for every dollar spent on all other things they buy.
• 20% Inflight Rebate: Cardholders get back 20% on onboard purchases such as food, beverages and Wi-Fi when they pay with their Alaska Visa Signature® card.
• Low Annual Fee: Just $95 annually^†.

Now's a great time to get the card. For a limited time, in addition to all the benefits above, new cardholders receive 70,000 bonus miles with this offer. Those bonus miles alone are more than enough for a roundtrip ticket anywhere Alaska flies. To qualify, cardholders need to make $3,000 or more in purchases within the first 90 days of opening their account. 

"We are thrilled to work with Alaska Airlines in order to offer customers enhanced benefits on their Visa Signature® credit card," said Jason Gaughan, Head of Consumer Credit Card Products at Bank of America. "With these new changes we've created more opportunities for customers to optimize their credit card rewards and get the most out of every dollar spent travelling or for everyday purchases. In addition, eligible Bank of America checking, savings or investment account holders can earn an additional rewards bonus."

Alaska Airlines and Bank of America will launch similar enhanced benefits for the Alaska Airlines Visa Business card this spring.

Alaska and Bank of America announced last year an extension of our co-branded credit card agreement through 2030 to continue offering best-in-class benefits to our customers.

Mileage Plan miles earned by using the Alaska Airlines Visa Signature® credit card can be redeemed for free flights on Alaska and more than 20 of our fellow oneworld member airlines and additional global partners to more than 900 destinations around the world. Our guests can also use their miles to book hotel stays and upgrades on their flights.

^†For information about rates, fees, other costs and benefits associated with the use of this credit card, please see Terms and Conditions. This credit card program is issued and administered by Bank of America, N.A.

Alaska Airlines and our regional partners serve more than 120 destinations across the United States, Belize, Canada, Costa Rica and Mexico. We emphasize low fares and award-winning customer service. Alaska is a member of the oneworld global alliance. With the alliance and our additional airline partners, our guests can travel to more than 900 destinations on more than 20 airlines while earning and redeeming miles on flights to locations around the world. Learn more about Alaska at news.alaskaair.com. Alaska Airlines and Horizon Air are subsidiaries of Alaska Air Group.

Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 67 million consumer and small business clients with approximately 3,900 retail financial centers, approximately 16,000 ATM and award-winning digital banking with approximately 56 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange. For more Bank of America news, including dividend announcements and other important information, register for news email alerts.

Alaska Airlines Credit Card Program Summary. How You Earn Miles: You earn miles when you use your card to make purchases, minus returns, credits and adjustments ("Net Purchases"). The following transactions are not considered purchases and will not earn miles: Balance Transfers and Cash Advances (each as defined in your Credit Card Agreement), fees, interest charges, fraudulent transactions and certain other charges. 1 Mile: Earn 1 mile (base mile) for every $1 of Net Purchases charged to the card each billing cycle. 2 Miles: Earn 2 miles (consisting of 1 bonus mile and 1 base mile) for every $1 of eligible Gas, Cable and Streaming Services and Local Transit (including Ride Share) Net Purchases. 3 Miles: Earn 3 miles (consisting of 2 bonus miles and 1 base mile) for every $1 of eligible Alaska Airlines Net Purchases. Eligible Alaska Airlines Net Purchases include Alaska Airlines tickets, Alaska Airlines flight subscriptions, inflight food and beverage purchases, lounge memberships, in-lounge food and beverage purchases, cargo purchases, and vacation packages billed by Alaska Airlines as the merchant of record and booked directly through Alaska Airlines. Eligible Alaska Airlines Vacation Packages must be booked via the Alaska Airlines website or by calling the Alaska Airlines Vacation Packages toll free number listed on the website. Otherwise eligible Alaska Airlines Net Purchases made through a third-party merchant (e.g., travel agency, online merchant) will not earn 3 miles per dollar. All miles earned on the account will be credited to the primary cardholder's Alaska Airlines Mileage Plan™ account. Bonus Miles: Your card will be automatically enrolled in Alaska Airlines Mileage Plan™ Dining, a dining rewards program operated by Rewards Network Establishment Services Inc. You'll earn 1 mile for every $2 spent at participating restaurants. Visit mileageplan.rewardsnetwork.com for the complete list of participating restaurants and learn how you can earn even more miles. Bonus Mile Processing: Merchants are assigned a merchant category code (MCC) based upon the merchant's primary line of business. We do not determine which MCC a merchant chooses to classify itself. How You Use Your Miles: Earned miles can be redeemed for Alaska Airlines award travel, upgrades and hotel accommodations. Visit alaskaair.com for information on redemption and redemption minimums.

Relationship Bonus Miles: You will earn bonus Miles equal to 10% of the Miles you earn on each $1 spent in Net Purchases when you have an active Qualifying Account. An active Qualifying Account is an open consumer (non-business) checking or savings account with Bank of America N.A. or an investment account with Merrill that maintains an average daily balance greater than $0 or a Bank of America checking or savings account that has had a deposit or withdrawal within 90 days. Balances are reviewed at the end of every month to determine if qualifications were met. For cardholders with a Qualifying Account all Net Purchases made with your Card on or after the fifth business day of the current month through the fifth business day of the following month will earn the Relationship Bonus Miles. Upon new account opening of a Qualifying Account, it may take up to 30 days to begin earning the Relationship Bonus Miles.

Annual Companion Fare Benefit: Primary cardholders whose accounts are open with active charging privileges will qualify for a Companion Fare code each anniversary after you spend $6,000 or more on Net Purchases that post to your credit card billing statement by your credit card anniversary (every 12 months from the open date anniversary). With the exception of special account status or circumstances (e.g. Military relief programs), the anniversary will coincide with the month in which the annual fee is billed. After qualifying, you will receive the Companion Fare code within the first 2 billing cycles after your anniversary each year, which will be credited to your Alaska Airlines Mileage Plan™ account. The code is valid for a round-trip or one-way coach Companion Fare on Alaska Airlines from $122 (USD) ($99 base fare plus taxes and fees, from $23 depending on your Alaska Airlines flight itinerary) when traveling with another guest on a paid published coach airfare on the same itinerary, booked at the same time on alaskaair.com. Multiple stopovers not allowed. Primary fare and Companion Fare must be purchased with your Alaska Airlines credit card. You can view and redeem your Companion Fare code by logging into your Mileage Plan™ account at alaskaair.com within 12 months of the date of issue. Once ticketed, travel may be completed after the expiration date of the Companion Fare code. The expiration date cannot be extended and, once your Companion Fare code has expired, it cannot be exchanged. If your Account is closed, you are no longer eligible to receive this benefit. Mileage cannot be used as a form of payment, however mileage credit accrual is allowed for both guests. The Companion Fare code is not valid with award travel, and cannot be combined with any other airfare discounts. Guest is responsible for all applicable taxes, fees, surcharges and applicable checked baggage fees. Applicable taxes and fees are subject to change. You can view your Companion Fare terms and conditions by logging into your Mileage Plan™ account.

Free Checked Bag Benefit: All cardholders of the Alaska Airlines credit card who have an open account at the time of travel and up to 6 guests traveling on the same reservation may check 1 bag free of charge on qualifying reservations. Qualifying reservations include flights marketed by Alaska Airlines and operated by Alaska Airlines, Horizon Air, or SkyWest (codeshare flights operated by other carriers are not eligible). Primary cardholder must be an Alaska Airlines Mileage Plan™ member. Baggage restrictions apply. See alaskaair.com/freebagfaq for complete baggage rules. Payment with the Alaska Airlines credit card is required to qualify for this benefit. Offer may not be applied retroactively, and no refunds will be issued. Not applicable for guests who already receive 1 or more free checked bags. New cardholders will be eligible for this benefit approximately within 2-3 weeks after account opening. Cardholders upgrading from another Alaska Airlines credit card, will be eligible for this benefit approximately within 4-6 weeks after being upgraded.

Priority Boarding: All cardholders of the Alaska Airlines credit card who have an open account at the time of travel and up to 6 guests traveling on the same reservation are eligible for priority boarding. Airfare must be purchased with your Alaska Airlines credit card to qualify for this benefit. To receive priority boarding, the Primary cardholder must include their Alaska Airlines Mileage Plan™ number in their reservation. Priority boarding is only available on flights marketed by Alaska Airlines and operated by Alaska Airlines, Horizon Air, or SkyWest. Cardholders and their eligible guests can board the plane before general boarding, after Alaska Mileage Plan™ elite status members and oneworld^® Alliance elite members, customers with First Class or Premium Class seating and pre-board groups. Bank of America is not responsible for the provision of, or failure to provide, the stated benefits. New cardholders will be eligible for this benefit within 2-3 weeks after opening a card account, or after upgrading from another Alaska Airlines credit card. See alaskaair.com for additional terms, conditions and restrictions that may apply.

20% Inflight Rebate on Food, Beverage and Wi-Fi Onboard Purchases: Cardholders will receive a 20% rebate, in the form of a statement credit, for purchases of food, beverages, and Wi-Fi onboard Alaska and Alaska operated flights, using your Alaska Airlines credit card as your method of payment. The statement credit will post to your credit card account within 7 days from transaction posting date. To qualify for the 20% rebate, your account must be open with active charging privileges at the time of the qualifying transaction.

$100 Alaska Lounge+ Membership Discount: Cardholders will receive $100 off an annual Alaska Lounge+ Membership purchased with your Alaska Airlines credit card. Not combinable with other Alaska Lounge+ membership discounts. Alaska Airlines reserves the right to restrict, alter, and/or modify the fees, benefits, services, and lounge locations and hours at any time, with or without written notice to its members. Memberships are non-refundable and non-transferable. See alaskaair.com for full details and terms and conditions around Alaska Lounge+ membership.

View original content to download multimedia:https://www.prnewswire.com/news-releases/alaska-airlines-and-bank-of-america-announce-enhanced-benefits-to-our-visa-signature-card-301724282.html

SOURCE Alaska Airlines