Alaska Airlines Visa Card 2023 Review: Pros, Cons, and More | The Ascent by Motley Fool (2024)

FAQs

What Bank issues Alaska Airlines credit card? ›

The Alaska Airlines Visa® credit card, issued by Bank of America®, stands out from much of the airline-card competition for one major reason: It offers an annual Companion Fare, which allows you to get a ticket for a traveling partner for just $122 ($99 plus taxes and fees from $23) once a year after spending at least ...

With the Alaska Airlines credit card, earn 3 miles for every $1 spent on eligible Alaska Airlines purchases, 2 miles for every $1 spent on eligible gas, local transit (including ride share), cable, and select streaming services and 1 mile per $1 spent on all other purchases.

Your Alaska Airlines Credit Card application could have been denied for various reasons. Most commonly, applications get denied because of a low credit score, insufficient income, too many debts, or too many open accounts. Whatever the reason may be, the issuer will send you a letter with an explanation.

Can you have two Alaska Airlines Visa credit cards? You can't have two of these credit cards, but you can apply for the Alaska Airlines Visa^® Business card. The business credit card offers many of the same benefits, including a generous welcome offer and companion fare.

You could book one-way, non-stop service in Japan Airlines business class for 60,000 miles and $19 through Alaska Airlines. At the time of writing, that same flight has a cash price of $6,142, yielding an impressive redemption value of over 10 cents per mile.

How much are 50,000 Alaska miles worth? , 50,000 Alaska miles are worth about $600. How much are 80,000 Alaska miles worth? , 80,000 Alaska miles are worth about $960.

Alaska Airlines: $480

The cost to redeem your Alaska miles will depend on your carrier; you'll find different rates hinging on whether you're flying Alaska or one of its partners. Overall, we value Alaska Mileage Plan miles at 1.2 cents each, which means 40,000 miles will be equal to $480 worth of travel.

60,000 Capital One Miles

Capital One miles are worth 1 cent for the Venture or Spark Miles for upcoming travel reservations through Capital One Travel or as a travel statement credit. As a result, 60,000 Venture miles are worth $600 in travel rewards.

Being denied for a credit card doesn't hurt your credit score. But the hard inquiry from submitting an application can cause your score to decrease. Submitting a credit card application and receiving notice that you're denied is a disappointment, especially if your credit score drops after applying.

Does a denied credit card hurt? ›

Does Getting Denied for a Credit Card Hurt Your Credit Score? By itself, a denied credit card application won't have any impact on your credit scores. However, every time you apply for any type of new credit, it results in a hard inquiry on your credit report.

Credit cards are often denied because the applicant's credit score is too low. Each credit card has a recommended credit score range—and if your credit score is not high enough to fall within that range, the lender might deny your credit card application.

It's generally recommended that you have two to three credit card accounts at a time, in addition to other types of credit. Remember that your total available credit and your debt to credit ratio can impact your credit scores. If you have more than three credit cards, it may be hard to keep track of monthly payments.

Priority boarding on Alaska Airlines flights

Those with the Alaska Airlines Visa Card can receive priority boarding for themselves and up to six companions on the same reservation. In order to use this perk, you need to charge the cost of the ticket to your card.

Bottom line: Is it good to have multiple credit cards? Being a multiple credit card holder is good as long as you keep track of payments due, avoid overspending and maintain a low credit utilization ratio.

Alaska flights

Awards start as low as 5,000 miles each way for domestic travel under 700 miles. For trips longer than 2,100 miles, expect to pay as few as 12,500 miles (for economy) to as many as 70,000 (for first class).

Those who earn one million miler status with Alaska Airlines receive MVP Gold status for life. MVP Gold is Alaska's mid-tier elite status, so that's a pretty valuable threshold, especially since it also offers oneworld Sapphire status.

Account and mileage expiration

Mileage Plan Miles do not expire.

Buying miles

Alaska sells miles, but they cost upward of 2 cents apiece. That often means that they're not worth the cost, unless you're getting a truly extraordinary redemption value. Generally, buying miles should be your last resort as there are very few instances in which a miles purchase is a good idea.

How much is 50 000 miles worth on American? ›

How much are 50,000 American miles worth? 50,000 American miles are worth about $750. How much are 80,000 American miles worth? 80,000 American miles are worth about $1,200.

For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company. 70,000 Delta miles are worth an average of $784, according to WalletHub data.

Miles can also be used at a fixed rate to discount Alaska Airlines flights cash tickets. 10,000 miles will buy a 50% discount for up to $100, and 20,000 will buy one for up to $200.

Yes. If you have an excess of Alaska Airlines miles in your account, you can earn instant cash by selling your miles through our MilesBuyer trading platform.

Can I use my Alaska miles to buy a ticket for someone else? You can use your Alaska miles to purchase an award ticket for someone else. Just fill in their name and details in the Passenger Information section when booking.

At a minimum, 100,000 Chase Ultimate Rewards® are worth $1,000 in cash back or gift cards. Several cards offer a travel redemption bonus that can make the balance worth as much as $1,250. There are two Chase business credit cards with $1,000 signup bonuses.

How much are 100,000 United miles worth? 100,000 United miles are worth about $1,200.

Earn 75,000 Bonus Miles With the Capital One Venture Card

Before we dig in, to unlock the 75,000 bonus miles, new cardholders will need to spend $4,000 on the card within the first 3 months of opening their account. By Upgraded Points' valuations, 75,000 bonus miles equate to a cash value of around $1,350.

1. Payment History: 35% Your payment history carries the most weight in factors that affect your credit score, because it reveals whether you have a history of repaying funds that are loaned to you.

What is an unacceptable credit score? ›

A bad credit score is a FICO credit score below 670 and a VantageScore lower than 661.

There's no such thing as “too many” hard credit inquiries, but multiple applications for new credit accounts within a short time frame could point to a risky borrower. Rate shopping for a particular loan, however, may be treated as a single inquiry and have minimal impact on your creditworthiness.

Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.

Whenever you do decide it's time to open a new card account, it's a good idea to wait at least 90 days between new credit card applications—and it's even better if you can wait a full six months.

Capital One offers some of the best cash-back and rewards credit cards available to consumers and small business owners. The Savor and Venture cards both rank on Select's list of best dining and travel cards, respectively, and other cardholders can earn generous rewards on everyday spending.

The reasons they give for rejecting your application must be specific, such as, “Your income is too low,” “You have not been working long enough,” or “You didn't receive enough points on our credit scoring system.” General statements like, “You didn't meet our standards,” are not enough.

There's no specific annual income required to qualify for a credit card, especially because credit card companies look at many factors to help determine whether or not you qualify. However, one thing to consider is your debt-to-income ratio (DTI), which helps determine your risk as a borrower.

There's no such thing as a bad number of credit cards to have, but having more cards than you can successfully manage may do more harm than good. On the positive side, having different cards can prevent you from overspending on a single card—and help you save money, earn rewards, and lower your credit utilization.

Credit experts advise against closing credit cards, even when you're not using them, for good reason. “Canceling a credit card has the potential to reduce your score, not increase it,” says Beverly Harzog, credit card expert and consumer finance analyst for U.S. News & World Report.

Is 5 credit cards too many? ›

How many credit cards is too many or too few? Credit scoring formulas don't punish you for having too many credit accounts, but you can have too few. Credit bureaus suggest that five or more accounts — which can be a mix of cards and loans — is a reasonable number to build toward over time.

Find your CardMatch™

Membership includes access for you and up to two guests or immediate family members. Additional guest passes are available at a reduced rate of $30 per person (versus $60 for day passes for nonmembers). You'll need to present a same-day boarding pass from any airline to use Alaska lounges.

Benefit for cardholders

Eligible Alaska Airlines Visa^® Signature consumer or Visa^® Business cardholders get $100 off an annual Alaska Lounge+ Membership when purchased with your Alaska card. Not combinable with other Alaska Lounge+ membership discounts.

The Alaska Airlines Visa® credit card, issued by Bank of America®, stands out from much of the airline-card competition for one major reason: It offers an annual Companion Fare, which allows you to get a ticket for a traveling partner for just $122 ($99 plus taxes and fees from $23) once a year after spending at least ...

Credit card inactivity will eventually result in your account being closed, so it's a good idea to maintain at least a small amount of activity on each of your cards. A closed account can have a negative impact on your credit score so consider keeping your cards open and active whenever possible.

Having multiple credit cards won't necessarily hurt your credit score, and, in fact, it can sometimes help. But if you have more cards than you can handle or use them irresponsibly, your score could drop considerably.

It's possible that you could see your credit scores drop after fulfilling your payment obligations on a loan or credit card debt. Paying off debt might lower your credit scores if removing the debt affects certain factors like your credit mix, the length of your credit history or your credit utilization ratio.

Alaska Air Group Credit Union - AAGCU.

Cardholders will enjoy these new benefits:

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.

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.

How hard is it to get a credit card in Alaska? ›

Editorial and user-generated content is not provided, reviewed or endorsed by any company. The Alaska Airlines Credit Card credit score requirement is 700 or better. That means people with at least good credit have a shot at getting approved for the Alaska Airlines Credit Card.

Be aware that if there's a balance remaining on the canceled account, you will still need to make at least the minimum payment every month until the balance is paid in full. In addition, you will forfeit any unused miles, so be sure to redeem them before you cancel the card.

Rest easy knowing that your Alaska miles never expire, and you won't wake up one morning to find them suddenly missing from your account. However, Alaska may deactivate your account if there hasn't been any activity via earning or redeeming miles in two years and close it after three.

Enjoy 20% back on Alaska Airlines inflight purchases when you pay with your new card.

To start, the authorized user is able to build credit. In addition, an authorized user's spending still counts toward earning a card's initial bonus. And authorized users' purchases will earn rewards at the same rate as the primary cardholder's purchases.

An Alaska Airlines Credit Card is a very expensive transaction though. There's a 5% cash advance fee with a $10 minimum charge on all transactions. If you do a cash advance from a non-Bank of America ATM, you may face an additional ATM charge. Also, cash advances are subject to interest charges at the cash advance APR.

So, no, you can't transfer miles from Alaska to American or from American to Alaska. However, travelers can redeem Alaska miles for flights on American and vice versa. And you have the option to earn miles from flights on a wide variety of airlines through the Oneworld alliance.

You can redeem Alaska Mileage Plan miles on Oneworld partner airlines, including Oneworld connect airline Fiji Airways. Specifically, here are Alaska's Oneworld partners: American Airlines.

A good annual income for a credit card is more than $39,000 for a single individual or $63,000 for a household. Anything lower than that is below the median yearly earnings for Americans. However, there's no official minimum income amount required for credit card approval in general.

There is no minimum credit score needed for a credit card. Even borrowers with poor credit (a score of 300) or no credit card at all can qualify for some credit cards. However, options for bad-credit borrowers are limited and usually come with a high annual percentage rate (APR) and fees.

Is 600 credit score enough to get credit card? ›

Since 600 is considered to be a fair credit score, borrowers with this score generally won't qualify for credit cards with large welcome bonuses, generous rewards and perks or low APRs.