Alaska Airlines business credit card review | finder.com

Alaska Airlines Visa® Business Card review – March 2019

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Alaska Airlines Visa® Business Card

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 670 or higher.
Product NameAlaska Airlines Visa® Business Card
Card TypeVisa
Annual Fee$50
APR (Annual Percentage Rate) for Purchases17.24% to 25.24% variable
Introductory Purchase APR

N/A

Balance Transfer APR17.24% to 25.24% variable
Intro Balance Transfer APR

N/A

Balance Transfer Fee$10 or 4% of the transaction, whichever is greater
Cash Advance Rate26.49% variable
Cash Advance Fee$10 or 4% of the cash advance amount, whichever is greater
Interest Free PeriodUp to 25 days
Late Payment FeeUp to $49
Returned Payment Fee$39
Additional Cardholder Fee$25
Minimum Age18 years of age
Welcome Offer40,000 miles and companion fare after spending $2,000 in the first 90 days
Rewards3x miles on Alaska Airlines and 1x miles on all other purchases
Base Rewards1x 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 3 miles for every $1 you spend with Alaska and Virgin America and 1 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 40,000 miles and a discounted companion fare from $121 after you spend $2,000 on purchases in the first 90 days your account is open.

Another pick for travel rewards

Ink Business Preferred℠ Credit Card

  • Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®
  • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year
  • Earn 1 point per $1 on all other purchases - with no limit to the amount you can earn
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards
  • Redeem points for travel, cash back, gift cards and more - your points don't expire as long as your account is open
  • No foreign transaction fees
  • Employee cards at no additional cost
  • $95 annual fee
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Promoted

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.

How to earn Alaska Airlines miles

The perks

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

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

  • Signup bonus: 40,000 miles and discounted companion fare.

    After you spend $2,000 on purchases within the first 90 days your account is open, you’ll get 40,000 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.

How to redeem Alaska Airlines miles

You’ll also like

  • Get a complimentary checked bag.

    Save yet more money when traveling with Alaska or Virgin America with a complimentary checked bag 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 17.24% to 25.24% variable for purchases, with a high 26.49% 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 employee’s accounts, it’s $75 per card annually, but no company fee.

  • No balance transfer intro APR.

    Unlike other cards, this one doesn’t waive balance transfer fees or interest for new customers. Rather, balance transfers attract an APR of 17.24% to 25.24% 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.

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Updated March 26th, 2019
Name Product APR (Annual Percentage Rate) for Purchases Introductory Purchase APR Annual Fee
18.24% to 23.24% variable

N/A

$95
80,000 bonus points after you spend $5,000 on purchases in the first 3 months after account opening. That's $1,000 toward travel rewards when you redeem through Chase Ultimate Rewards®
15.49% to 21.49% variable
0% for the first 12 months (then 15.49% to 21.49% variable)
$0
$500 bonus cash back after you spend $3,000 on purchases in the first 3 months after account opening
15.49% to 21.49% variable
0% for the first 12 months (then 15.49% to 21.49% variable)
$0
$500 bonus cash back after you spend $3,000 in the first 3 months
None (Charge Card)

N/A

$0
The first corporate card for startups. No personal liability or security deposit needed, meaning your personal credit score won't be affected.
None (Charge Card)

N/A

$0
60-day interest-free financing for e-commerce businesses.
17.99% to 25.99% variable

N/A

$0 intro annual fee for the first year ($99 thereafter)
70,000 AAdvantage? miles after making $4,000 in purchases in first 4 months of account opening.
None (Charge Card)

N/A

$595
Earn 50,000 points after spending $10,000 in the first 3 months. Plus earn 25,000 bonus points after spending an additional $10,000 in the same timeframe.

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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 670 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 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

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