Is Alaska Airlines business credit card worth it? | finder.com

Alaska Airlines Visa® Business Card review – July 2018

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A good business travel card, but only if you’re loyal to Alaska or Virgin America.

30-second take

  • Get this card if your business frequently flies with Alaska Airlines or Virgin America.
  • Pick something else if you want cash back or no annual fees.
  • Apply for this card with a good to excellent credit score of 680 or higher.
Product NameAlaska Airlines Visa® Business Card
Card TypeVisa
Annual Fee$50
APR (Annual Percentage Rate) for Purchases13.99% to 20.99% variable
Balance Transfer Fee4%
Cash Advance Rate25.99% variable
Cash Advance Fee$10 or 4% of the cash advance amount, whichever is greater
Foreign Transaction FeeNone
Interest Free PeriodUp to 25 days
Minimum Interest$1
Late Payment Fee$49
Returned Payment Fee$39
Additional Cardholder Fee$25
Minimum Age18 years of age
Welcome BonusEarn 30,000 miles after spending $1,000 in the first 90 days
Reward Value per Dollar1 miles

The basics

There’s one motivation for choosing the Alaska Airlines Visa® Business Card: You fly frequently with Alaska or Virgin America and you’re looking to earn travel perks with your business spending.

You’ll earn 1 miles for every $1 you spend with Alaska and Virgin America and 3 mile for every $1 you spend elsewhere. Another appeal is the relatively low spending requirement of $1,000 for its introductory bonus, which is low compared to rival cards.

The annual fee for the Alaska Airlines Visa® Business Card is more complicated than with other cards and depends on how you’re looking to accumulate rewards — whether into a company mileage account or individual accounts attached to each employee card.

The card also comes with no foreign transaction fees. And you should easily qualify for its signup bonus: a bonus 30,000 miles and a discounted companion fare from $121 after you spend $1,000 in the first 90 Days your account is open.

Which earning level is best for my business: business or individual?

The Alaska Airlines Visa® Business Card allows you to choose from two earning plans:

  • Business Level. For a $50 annual company fee and $25 for each additional card annually, miles your business earns accumulate into a main company account, with combined spending across cards earning one signup and companion fare bonus.
  • Individual Level. For no annual company fee and $75 for each additional card annually, miles accumulate into individual accounts attached to each employee card, with each cardholder eligible for the signup and companion fare bonus.

Which level is best comes down to how much your employees travel. The money you’ll save on airfare between the bonus and the annual discounted companion fare makes up for the annual fee you’d pay for each card at the individual level.

But if your employees don’t travel much on behalf of your company, you might benefit more from the business level.

The perks

  • Rewards: Earn 1x miles with Alaska and Virgin and 3x everywhere else.

    For every dollar you spend directly with Alaska Airlines or Virgin America, you’ll earn 1 miles, and you’ll earn 3x mile on everyday spending. Redeem your miles for flights to more than 900 US destinations and globally with Alaska Airlines and its partners.

  • Signup bonus: 30,000 miles and discounted companion fare.

    After you spend $1,000 in purchases within the first 90 Days your account is open, you’ll get 30,000 bonus miles and Alaska’s Famous Companion Fare from $121 — $99 plus taxes and fees from $22 — on Alaska or Virgin America.

  • Annual perk: Alaska’s Famous Companion Fare.

    Each year on your account’s anniversary, you’ll earn another of Alaska’s Famous Companion Fares. Just book your flight through Alaska’s site and invite family or friends to travel along with fares starting at $121 — with no blackout dates.

  • No foreign transaction fees.

    If you’re traveling abroad, take your Alaska Airlines Visa® Business Card with you. You can use it freely without paying foreign transaction fees. And because it’s Visa, you’ll find wide acceptance.

You’ll also like

  • Check your first bag for free.

    Save yet more money when traveling with Alaska or Virgin America with a free checked back for you and up to six companions on the same reservation.

  • Tools to monitor and limit employee spending.

    Set individual spending limits for each employee card on your account. You’re also protected against unauthorized purchases on those cards. And through Bank of America’s MyReport Center, you can keep an eye on overall company spending, accessing reports to analyze transactions.

  • Travel and emergency services.

    Your business is protected for up to $1 million in travel and car rental insurance on reservations charged to your card, including emergency ticket replacement and lost luggage assistance.

  • Earn miles on eligible dining.

    Register your Alaska Airlines Visa® Business Card with the Alaska Mileage Plan to earn miles at more than 10,000 participating restaurants, bars and clubs.

What to watch out for

  • Potentially high APR.

    Depending on your overall creditworthiness, your card could come with an APR of 13.99% to 20.99% variable for purchases, with a high 25.99% variable APR on cash advances and convenience checks.

  • Annual fee that varies by use.

    Your annual fee depends on how you’d like your miles to accumulate — either within a company mileage account or across individual employee accounts. If you sign up for the Business Level Earning Plan, you’ll pay a $50 company fee and $25 for each card annually through the one account. If you’d rather oversee individual employees accounts, it’s $75 per card annually, but no company fee.

  • No balance transfer intro APR.

    Unlike other cards, this one doesn’t wave balance transfer fees or interest for new customers. Rather, balance transfers attract an APR of 13.99% to 20.99% variable immediately. You’ll also pay a fee for balance transfers and cash advances equal to $10 or 4% of each transaction — whichever is greater.

Consider other cards if …

  • You don’t fly often for business.

    This card is only worth it if you frequently fly with Alaska Airlines or Virgin America. If you’re loyal to other airlines or travel only a few times a year, look for another business rewards card.

  • You want cash back.

    The Alaska Airlines Visa® Business Card rewards your spending with miles, not cash.

  • You want top-tier travel rewards and flexibility.

    You can redeem the miles you earn with your Alaska Airlines Visa® Business Card toward eligible flights. But if you’re looking for perks like complimentary airport lounge access or travel credits, look elsewhere.

Compare cards with travel rewards

Updated July 19th, 2018
Name Product Welcome Bonus Reward Value per Dollar APR (Annual Percentage Rate) for Purchases Annual Fee
1 points
16.74% variable
$195
Enjoy unique excursions, privileged access to exclusive events and insider opportunities.
1 points
16.74% variable
$495
Mastercard Black Card members receive an annual $100 air travel credit toward flight-related purchases including airline tickets, baggage fees, upgrades and more.
Earn 20,000 points after spending $1,000 in the first 90 days
1.5 points
16.74% to 24.74% variable
$0
20,000 online bonus points offer. Ditch the restrictions of typical airline rewards cards. Any airline, any hotel, anytime. No blackout dates.
Earn 50,000 points after spending $4,000 in the first 3 months
1 points
17.74% to 24.74% variable
$0 annual fee for the first year ($95 thereafter)
Earn 50,000 points when you spend $4,000 on purchases within the first 3 months of your account opening, and an additional 30,000 points when you spend a total of $30,000 on purchases within the first year of your account opening.
Earn 50,000 points after your first purchase
1.5 points
17.74% to 24.74% variable
$95
Earn unlimited 2 points for every $1 spent on travel and dining purchases and 1.5 points for every $1 spent on all other purchases.
Earn 50,000 points after spending $4,000 in the first 3 months
1 points
17.74% to 24.74% variable
$450
Earn 50,000 BONUS POINTS after spending $4,000 on purchases in the first 3 months from account opening* — that's $750 toward travel when you redeem through Chase Ultimate Rewards®.
Earn 60,000 points after spending $5,000 in the first 3 days
5 points
None (Charge Card)
$550
Get 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel and 5X points on eligible hotels booked on amextravel.com.
2 points
16.74% variable
$995
Earn points every time you spend. Luxury Card enhances your purchasing power by providing you with one (1) point for every one dollar ($1) you spend. Every purchase gets you closer to the rewards you want.
Earn 50,000 miles after spending $3,000 in the first 3 months
2 miles
14.74%, 21.24% or 24.74% variable
$0 annual fee for the first year ($95 thereafter)
Earn 50,000 bonus miles once after spending $3,000 on purchases within the first 3 months from account opening.
Earn 40,000 miles after spending $2,000 in the first 3 months
2 miles
17.74% to 24.74% variable
$0 annual fee for the first year ($95 thereafter)
40,000 bonus miles after you spend $2,000 on purchases in the first 3 months from account opening.* Plus a $100 statement credit after your first purchase.

Compare up to 4 providers

What size business is the Alaska Airlines Visa® Business Card good for?

Small to medium-sized businesses that travel often to destinations served by Alaska Airlines and Virgin America might benefit most from this card. Smaller companies might be OK under the Business Level Earning Plan, paying $50 a year for the primary account and $25 for additional cards.

The annual fees that come with the Individual Level Earning Plan — $75 for each card annually — may put off larger companies, who can likely find a stronger rewards card that better meets their needs.

What should I know before I apply?

To apply for an Alaska Airlines Visa® Business Card, you must be at least 18 years old, a US resident or resident alien and an owner or authorized officer of a business.

Required documents and information

  • The date your business was founded and your federal tax ID.
  • Your business’s address and other information.
  • Your gross annual sales.
  • Personal contact and identifying information, including your Social Security number and date of birth.
  • Personal financial information, including your household income, sources of income and your housing status.

What credit score do I need?

Bank of America doesn’t disclose a specific credit score range for approval. But comparable cards require a good to excellent credit score of 680 or higher.

Most credit card providers prefer customers with high incomes and good credit. Generally, the higher your credit score, the higher your odds of approval.

Other factors that can affect approval include:

  • Multiple hard pulls on your credit. If your report includes many hard inquiries, it could make you look desperate for credit. The bank could be less likely to approve your application over concerns you may be struggling to manage your debt.
  • Your credit utilization. Bank of America prefers customers with low balances relative to their credit limit. Numerous new cards can make it appear as though you’re desperate for credit or simply shopping around for signup bonuses.

What do customers say about the Alaska Airlines Visa® Business Card?

There isn’t much online about this card specifically. A few Redditors like how useful Alaska miles can be, given the number of partners you can redeem them with, as well as that miles stay in your mileage account, even if you cancel the card.

Accredited with the Better Business Bureau (BBB) since 1949, Bank of America earns a B+ from the bureau based on its years in business and responsiveness to customers, among other internal criteria.

Of the 178 customer reviews on the BBB’s site as of July 2018, an overwhelming 97% of them are negative. But few directly relate to Bank of America’s credit card products. Those that do cite unexpected credit limit decreases and poor customer service.

How to apply for the Alaska Airlines Visa® Business Card

  1. Go to the Bank of America site and select the Alaska Airlines Visa® Business Card. Click Apply Now.
  2. Complete the application with details about you, your business and any employees you authorize to use your card.
  3. Review and submit your application.

How long will it take to get my Alaska Airlines Visa® Business Card?

Because Bank of America automates conditional approval online, you could see a decision in minutes. If there’s any issue with your application, you might need to wait up to 12 days for a decision. Once approved, you can expect to receive your credit card in the mail in 7 to 10 business days.

I got the card. Now what?

  • Manage your account online. Monitor your spending and pay bills online, where you can also enroll in autopay.
  • Avoid unnecessary interest. Pay your balance within 25 days of the close of your billing cycle and you won’t pay interest on your spending.
  • Avoid fees. Late and returned payments come with fees of up to $49. Balance transfers and cash advances also come with fees of either $10 or 4% of each transaction, whichever is greater.
  • Get help. Contact Bank of America’s customer service team by calling 1-800-732-9194 if you have questions about your account or notice something off with your bill.

Bottom line

If your business flies frequently with Alaska Airlines or Virgin America, you can benefit from mile multiples on your spending and reduced companion fares. And the generous bonus miles you can earn at signup are easily attainable, making up for any annual fee.

If you prefer other airlines or more flexible travel perks, you might want to compare your options in our guide to travel rewards credit cards.

Frequently asked questions

Images: bankofamerica.com

Megan Horner

As the assistant publisher of credit cards at finder.com, Megan is passionate about helping you compare and find the best credit cards for your situation, whether that is earning great rewards or improving your credit score. In her previous position, Megan worked as an assigning editor at Credit Karma, where she focused on editing and publishing educational articles on credit cards. Megan started her career as a writer at a comparison website, so she has a longstanding background in surfacing the best deals and helping people make decisions. In her spare time, Megan likes to hike, camp, surf, and read.

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