BoA Alaska Credit Card Review (2024.11 Update: 75k Offer)
2024.11 Update: The 75k offer comes back.HT: DoC.
2024.8 Update: The higher offer is expired.The current best offer is 65k.
2024.1 Update: There’s a 75k link.
Application Link
Benefits
- 75k offer: earn 75,000 Alaska Miles after spending $3,000 in first 3 months.Plus a companion fare in the first year.
The recent best offer is 70k+$100.
- We value Alaska Miles at 1.6 cents/point (Airline Miles Value), so the 75k sign-up bonus is worth about $1,200!
- Earn 3 miles per $1 spent on Alaska Airlines tickets, vacation packages, and cargo purchases; earn 2 miles for every $1 spent on eligible gas, cable, streaming services and local transit including ride share purchases; 1 mile per $1 on other purchases.
- New: Earn a 10% rewards bonus on all miles earned from card purchases if you have an eligible Bank of America checking or savings account.
- Alaska Companion Fare: Get Alaska’s Famous Companion Fare from $122 ($99 fare plus taxes and fees from $23) each account anniversary after you spend $6,000 or more on purchases within the prior anniversary year.
- New: Priority boarding.
- First checked bag free.
- 20% back on all Alaska Airlines inflight purchases.
- New: get $100 off an annual Alaska Lounge+ Membership when you pay with this card.
- No foreign transaction fee.
- You can refer a friend: click this link to start to refer.
Disadvantages
- $95 annual fee, NOT waived for the first year.(it was $75 before 2022.11)
Recommended Application Time
- We recommend you apply for this card after you have a credit history of at least one year.
- [New] 2/3/4 Rule: BoA will only approve you for at most: 2 cards per rolling 2 months; 3 cards per rolling 12 months; and 4 cards per rolling 24 months.Because their IT system hasn’t been fully updated yet, you may not get declined because of this rule.Instead, you may get approved at first, and then the account will be closed because of “approved in error”.
- [New] 24 month churn rule: This card will not be available to you if you currently have or have had the card in the preceding 24 month period.
Summary
This card is suitable for those who want to earn Alaska Miles, or those who fly Alaska a lot.
The sign-up bonus is quite attractive because of the flexibility of Alaska Miles.However, the reward rate for spending is not impressive, which makes it not a great choice to keep unless you really fly with them a lot.
After Applying
Related Credit Cards
Best Downgrade Options
Historical Offers Chart
Application Link
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Frequently Asked Questions
Certainly. Unlike personal loans, you won't face any penalties for settling your balance ahead of schedule. However, it's crucial to keep in mind that if your credit card comes with a 0% introductory offer, it's essential to clear your balance completely before the 0% promotion expires and interest charges apply.
However, you can include additional cardholders, each with their own card. While sharing the single credit limit, the primary cardholder remains responsible for settling the debt.
Potentially, yes. Credit card APRs are typically variable, allowing lenders to change rates, impacting your monthly payments. Additionally, be mindful that introductory 0% offers can lead to higher interest rates once they expire. So, it's wise to clear your balance before that happens, if feasible.
Indeed, credit builder cards exist for those with less-than-ideal credit scores. These cards offer lower credit limits (typically £150 to £1,200) and higher interest rates. Responsible use, including full and on-time payments, can gradually boost your creditworthiness, potentially opening doors to better credit card offers down the line.
