Alaska Airlines Visa® Platinum Plus Credit Card
Bank of America issues two great Alaska Airlines credit cards, the Alaska Airlines Visa Signature and the Alaska Airlines Visa Business. If you apply for the Visa Signature card and Bank of America determines that your credit worthiness is not strong enough, it may issue you the Alaska Airlines Visa Platinum Plus instead.
Unfortunately, the benefits and bonuses on the Platinum Plus card are far less than the Visa Signature. That said, if you’ve been issued the Alaska Platinum Plus, there are a few good reasons to keep it. You’ll receive enough miles after spending $1,000 in the first 90 days to purchase a one-way domestic ticket, and you’ll receive a $50 discount voucher for a future flight. The annual fee for the card is $50.
Alaska Airlines Credit Card Bonuses and Benefits
Knowing what benefits come with a credit card can help you decide if it’s a good fit for you. Here we cover the bonuses and perks that the Alaska Airlines Visa® Platinum Plus offers and the value of the Bank of America Mileage Plan™ miles you earn.
The Alaska Airlines Visa Platinum Plus card does not come with a lot of bells and whistles. You’ve received this card because you applied for the Alaska Airlines Visa Signature and Bank of America made the decision to issue you the Platinum Plus card instead.
There are, however, a few benefits that come with the Platinum Plus card. First, you’ll receive 5,000 Alaska miles and a $50 voucher for future flights after making $1,000 in purchases in the first 90 days after the card is issued. At your card anniversary, you’ll receive another $50 voucher. This offsets the annual fee, which is also $50.
What You Get
- Earn 5,000 miles after you spend $1,000 on purchases in the first 3 months
- An annual $50 voucher good for Alaska Airlines and Virgin America purchases
- 2 miles per dollar spent with Alaska or Virgin America
Once miles are earned with your Alaska Airlines Visa Platinum Plus card, they are transferred to your Mileage Plan account. As long as there is activity in your Mileage Plan account, your miles will not expire. Activity is defined as earning or redeeming any amount of miles within a two-year period.
What is the value of the Alaska Airlines Mileage Plan™ Miles?
Alaska Mileage Plan miles are valuable for exploring the United States since short-haul economy flights start at only 5,000 miles. Since flight redemptions are based on distance, your miles can go a long way when exploring cities throughout Alaska, for example. Adding even more value is the fact that Alaska Airlines allows a stopover on a one-way ticket, giving you the opportunity to explore yet another city for no extra miles.
You can also use Alaska Mileage Plan miles to offset the cost of a purchased flight at the rate of 10,000 miles for $100 off and 20,000 miles for $200. You’ll only be getting one cent per mile, but the option could be useful if award tickets are not available on the dates you want.
What is CPM and How Is It Calculated?
Cents Per Mile (CPM) is a way to measure the value of miles. It tells you how many cents you get for each mile you redeem by dividing the cash price of the airline ticket (minus taxes and fees charged for an award ticket) by the number of miles the award flight costs. This is a somewhat subjective calculation because the price of the flight in both cash and miles fluctuates by season and availability.
How we calculate CPM:
The Best Ways to Redeem Alaska Airlines Miles
Alaska Airlines miles can be very valuable when redeemed for international premium flights on partner airlines. One good example is business class within Asia. For 25,000 Alaska miles, you can purchase a one-way business class ticket on Japan Airlines and fly from Singapore to New Delhi with a free stopover in Tokyo.
One-way domestic coach tickets that cover less than 700 miles can also be good value, starting at only 5,000 Alaska miles. Miles cannot be transferred to other airlines; however, Alaska has plenty of redemption options with 15 global partner airlines and its recent acquisition of Virgin America.
Seattle–AtlantaEconomy classMiles price25,000miles+$11.2 feeDollars price$546
San Francisco–MiamiEconomy classMiles price25,000miles+$36.2 feeDollars price$250
Los Angeles–Las VegasEconomy classMiles price25,000miles+$11.2 feeDollars price$280
Seattle–VancouverEconomy classMiles price25,000miles+$11.2 feeDollars price$444
Anchorage–TokyoEconomy classMiles price65,000miles+$312.0 feeDollars price$1,478
Las Vegas–San JoseEconomy classMiles price35,000miles+$106.0 feeDollars price$821
Los Angeles–SeattleBusiness classMiles price50,000miles+$11.2 feeDollars price$498
Dallas–San FranciscoBusiness classMiles price120,000miles+$11.2 feeDollars price$1,145
Denver–HoustonBusiness classMiles price32,500miles+$23.7 feeDollars price$1,365
Anchorage–MexicoBusiness classMiles price60,000miles+$125.0 feeDollars price$1,353
San Francisco–CancunBusiness classMiles price65,000miles+$80.0 feeDollars price$1,500
Santa Barbara–LiberiaBusiness classMiles price60,000miles+$112.0 feeDollars price$1,906
Other Ways You Can Redeem Miles
Money and Miles
Use 10,000 Alaska miles for $100 off the base fare of an Alaska or Virgin America airline ticket or 20,000 miles for $200 off.
Alaska Mileage Plan miles can be redeemed for magazine subscriptions starting at $2 plus 100 miles.
Everyday Earning with Alaska Airlines Visa® Platinum Plus Credit Card
While you’ll get two miles per dollar spent with Alaska or Virgin America, the Platinum Plus card earns just one mile per dollar for everything else. So, it is not a stellar card for earning on everyday purchases. There are no other bonus categories.
- Car Rental
- Brand earn
- All Other Purchases
No Foreign Transaction Fee
You’ll never be charged extra fees for using this card while traveling abroad.
Fees: the cost of Having Alaska Airline Credit Card
If you value each Alaska Airlines Mileage Plan mile at 1.5 cents each, you would need to spend about $3,333 in purchases each year, earning 3333 miles, to offset the $50 annual fee. Spending $2,000 per month will have you paying off the card in less than two months.
If you spend $1,000 in the first 90 days after your card is issued, you’ll receive 5,000 miles and a discount voucher for $50 off a future flight. These bonuses more than offset the first year annual fee. Each year at your card anniversary, you’ll receive another $50 voucher, which will offset the ongoing annual fee.
- Balance Transfer Fee
Either $10 or 3% of the amount of each transaction, whichever is greater
- Annual Fee
- Foreign Transaction Fee
- Late Payment Fee
- Up to $38
See What It Takes to Cover an Annual Fee:
We strongly recommend to spend not less than $1,112 per months to cover the annual fee in three months.
We’ve broken out our estimates for the first- and second-year net earnings you’ll get with the Alaska Airlines Visa Platinum Plus. Is the card worth getting, and should you keep it after you get the sign-up bonus? Let’s find out.
These estimates are based on an annual monthly spend of $2,000
Top 5 Benefits of the Alaska Airlines Visa® Platinum Plus Card
The Alaska Platinum Plus card offers bonus miles, discount vouchers and access to valuable redemptions. You’ll also have the opportunity to build a strong relationship with Bank of America by holding the card.
- Bonus Miles: Make $1,000 in net purchases within the first 90 days and receive 5,000 Alaska Airlines miles.
- Airfare Discount Voucher: For the same $1,000 in net purchases, you’ll earn a $50 discount voucher good toward a ticket on Alaska or Virgin America.
- Anniversary Voucher: Each year following your card anniversary, you’ll receive another $50 discount voucher.
- Access to Redemptions on Partner Airlines: Alaska partners with a large network of worldwide airlines, providing great value when redeeming your Alaska miles.
- Build a Bank of America Relationship: The Alaska Airlines Visa Platinum Plus allows you to build a relationship with Bank of America and position yourself for other cards with more benefits.
Should You Get the Alaska Airlines Visa Platinum Plus?
If you applied for the Alaska Airlines Visa Signature card, but you qualified for the Alaska Airlines Visa Platinum Plus instead, the real question is whether you should keep the card or not. Since you’ve already experienced a hard pull on your credit, you should at least make the most of the first year of having the card.
You’ll still receive a sign-up bonus of 5,000 bonus miles and a $50 voucher towards a flight after spending $1,000 in the first 90 days. You’ll receive that same $50 voucher after your annual renewal too, so the $50 annual fee is offset. Plus, you’ll be building a relationship with Bank of America and positioning yourself for possible approval for the Alaska Airlines Visa Signature card or Business Visa card in the future.
If you haven’t yet applied for the Alaska Airlines Visa Signature card, and your credit is less than stellar, you may want to consider waiting and not risk getting issued the Alaska Airlines Visa Platinum Plus.
Need more info? Check out our frequently asked questions. If you have other questions, please click on “Ask Now” below.
- You cannot apply for the Platinum Plus card directly. The Alaska Airlines Visa Platinum Plus will only be issued to you if you have applied for the Alaska Airlines Visa Signature and Bank of America determined that, based on your credit history, income and other supporting factors, you do not qualify for the Visa Signature card. The Platinum Plus is issued with a credit line of less than $5,000. Bank of America could also determine that you do not qualify for either card.
- You’ll earn one mile per dollar spent on everyday purchases and an extra mile, for a total of two miles per dollar, spent on Alaska Airlines and Virgin America. You could also register your Platinum Plus card with the Mileage Plan Dining program and earn up to five miles per dollar at certain restaurants. You can earn additional bonus miles through Alaska Airlines hotel and rental car partners and by shopping via the Alaska Airlines Mileage Plan shopping portal.
- If you do end up getting the Alaska Airlines Visa Platinum Plus card, you’ll receive 5,000 miles after making $1,000 in purchases within the first 90 days after your card is issued. The good news is that domestic one-way flight redemptions start at just 5,000 miles. There is also real value in booking business class flights with partner airlines. The only other redemption option is to purchase magazine subscriptions, which start at only 100 miles + $2.
Compare Alaska Airlines Credit Cards
Other Alaska Airlines cards
There are two Alaska Airlines Visa credit cards that you can apply for directly: the Alaska Airlines Visa Signature and the Alaska Visa Business. You cannot apply for the Alaska Airlines Visa Platinum Plus directly. All of the cards earn valuable Alaska Airlines Mileage Plan miles and are issued by Bank of America.
|Alaska Airlines Visa Signature® Credit Card||Alaska Airlines Visa® Business Card|
|Sign-up bonus||30,000 miles||5,000 miles||30,000 miles|
|APR On Purchases||13.49% to 20.49% Variable±||13.24% to 20.24% Variable±||13.24% to 20.24% Variable±|
|Second Year Value||$360||$360||$360|
One of the greatest benefits of having an Alaska Airlines credit card is the companion ticket offer. Basically, you buy a ticket for yourself, and you receive a companion ticket for the cost of only the taxes + $99. Both the Alaska Airlines Visa Signature and Visa Business cards come with this benefit. The value of that companion ticket more than offsets the annual $75 fee on either card. The Alaska Airlines Visa Platinum Plus does not offer a companion ticket benefit.
When we look at annual fees, the Alaska Airlines Visa Platinum Plus has the lowest at $50, but the corresponding benefits are much less than the Visa Signature and Visa Business cards. They have 30,000-mile sign-up bonuses compared to the Platinum Plus’s 5,000-mile bonus.
It’s easy to determine which Alaska Airlines credit card to apply for. If you frequent Alaska Airlines and you’re a business owner, even a small business owner, you can apply for the Alaska Airlines Visa Business card or the Visa Signature. If you’re not a business owner, you can only apply for the Visa Signature card and you will receive either the Alaska Airlines Visa Signature or Alaska Airlines Visa Platinum Plus, as determined by Bank of America.
Compare Alaska Airlines Visa® Platinum Plus to Other Cards
While all of the cards we’re comparing earn points or miles that can help you secure free or reduced-cost travel, comparing earning potential and redemption options is also important when selecting the right card.
The Chase Sapphire Preferred stands out with its valuable Ultimate Rewards points and the flexibility to transfer them to airline and hotel partners. A very generous 50,000-point sign-up bonus is worth $625 due to receiving a 25 percent bonus when redeeming your points for travel. The $95 annual fee is waived the first year. Bonus category purchases that earn two points per dollar include travel and dining. It’s a solid rewards card for any traveler.
The Citi/AAdvantage Gold World Elite MasterCard has just a 25,000-mile sign-up bonus, doesn’t come with any airline perks and has no bonus categories to accelerate earning. Its $50 annual fee is waived the first year.
The Gold Delta SkyMiles card charges a $95 annual fee, which is waived the first year. The card does offer a free checked bag and priority boarding. Getting at least 30,000 miles as a sign-up bonus (check for the best deal out there, you may find up to 60,000 miles) and earning two miles per dollar on Delta purchases makes this a decent card for the frequent Delta customer.
If you’ve been issued the Alaska Airlines Platinum Plus card and not the Alaska Visa Signature card you applied for, the probability of qualifying for these other cards is low. If you have not yet applied for the Alaska Airlines Visa Signature card, be aware that it does require a strong credit history, and if you don’t qualify, you may end up with the Visa Platinum Plus instead.
Alaska Airlines Card Overview
Whenever you apply for a credit card make sure you read the terms and conditions of the card and the rewards program to find out about minimum spend requirements and any restrictions to ensure you can successfully obtain the card and earn the rewards it offers.
Card Terms and Conditions
While it's easy to focus on the rewards offered by the Alaska Airlines Visa Platinum Plus, it's worth taking a closer look at the terms and conditions. There's a lot to consider as you think about how you're going to use the card. Will you carry a balance, get a cash advance or maybe make a big purchase? Below is a rundown of the various interest rates, purchase protections, security features and mobile banking options that come with this Visa card.
- Intro APR:
- See Terms and Conditions
- Intro APR for balance transfers:
- See Terms and Conditions
- Ongoing APR:
- 13.24% to 20.24% Variable±
- Minimum Grace Period:
- 25 days
- Extended Warranty Protection:
- This benefit adds 12 months to the manufacturer’s warranty when the length of that warranty is 3 years or less.
Cash Advance Features
- Ongoing APR:
- 16.24% to 23.24%, based on your creditworthiness when you open your account, for Direct Deposit and Check Cash Advances, and 25.99% for Bank Cash Advances
- Cash Advance Fee:
- Direct Deposit and Check Cash Advances: Either $10 or 3% of the amount of each transaction, whichever is greater. ATM, Over-the-Counter, Same-Day Online and Cash Equivalent Cash Advances: Either $10 or 5% of the amount of each transaction, whichever is greater
Security and Protections
Enjoy the added security of knowing that your Alaska Airlines Platinum Plus card account is monitored, and you’ll be notified of unusual activity. You also won’t be held liable if such transactions occur. Keep track of your account through Bank of America Mobile Banking and enjoy an extra layer of security as your card is embedded with EMV chip technology.
- Fraud Monitoring:
- Bank of America provides fraud monitoring of your account.
- Fraud Alerts:
- Notification of unusual activity will be sent to you by text, phone and email.
- Zero Liability:
- You’ll never be held responsible for unauthorized purchases on your account.
- Emv Chip Embedded Card:
- The embedded chip produces a single use code which provides an extra level of security when using your card in chip-enabled card readers.
- Overdraft Protection:
- Your linked Bank of America account can receive funds deposited from your credit card account to avoid overdrafts.
The Bank of America Mobile Banking app keeps track of your Alaska Airlines Visa Platinum Plus account on your smartphone. Mobile banking is a convenient way for you to check transactions, set alerts, make payments on the card and monitor your account while traveling.
- Digital Payments:
- The Alaska Airlines Platinum Plus card can be used with Apple Pay, Android Pay and Samsung Pay.
- Bank of America Mobile Banking:
- Download the app to your smartphone and access your card account on the go.
Additional Cardholder Benefits
The Alaska Airlines Platinum Plus comes with basic Visa benefits, including rental car coverage, free annual FICO score access and roadside assistance services.
Visa Signature Travel Benefits
- Auto Rental Collision Damage Waiver:
- Decline the rental company’s insurance and receive theft and collision coverage for most rentals in the U.S. and abroad. Coverage is secondary to your personal insurance when renting a vehicle in the U.S.
- Free Fico Scores:
- Cardholders receive free access to monthly FICO scores and educational credit-management tools.
- Roadside Assistance:
- 24/7 referral services that can help you obtain lockout service, towing, jumpstart and gas delivery help. Service fees apply.