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Alaska Airlines Visa Signature Credit Card: Earn Miles and a Companion Pass

This card can make travels less expensive for Alaska Airlines frequent flyers.

CNET’S PICK
Alaska Airlines Visa Signature® credit card

Alaska Airlines Visa Signature® credit card

6/10 CNET Rating CNET rates credit cards by comparing their offers to those of their categorical competitors. Each card is individually evaluated through a formula which reflects the standards and expectations of the contemporary market. Credit card issuers have no say or influence in our ratings. How we rate credit cards
Intro Offer
60,000 bonus miles 60,000 bonus miles plus Alaska’s Famous Companion Fare™ ($99 fare plus taxes and fees from $23) with this offer. To qualify, make $3,000 or more in purchases within the first 90 days of opening your account.
Annual fee
$95
APR
20.24% – 28.24% Variable APR on purchases and balance transfers
Rewards rate
1 mile – 3 miles Earn unlimited 3 miles for every $1 spent on eligible Alaska Airlines purchases.; Earn unlimited 2 miles for every $1 spent on eligible gas, EV charging station, cable, streaming services and local transit (including ride share) purchases.; Earn unlimited 1 mile per $1 spent on all other purchases.
Rewards Rate
3 miles
Earn unlimited 3 miles for every $1 spent on eligible Alaska Airlines purchases.
2 miles
Earn unlimited 2 miles for every $1 spent on eligible gas, EV charging station, cable, streaming services and local transit (including ride share) purchases.
1 mile
Earn unlimited 1 mile per $1 spent on all other purchases.

The Alaska Airlines Visa Signature® credit card* has some strong features going for it that Alaska Airlines flyers will love, but it’s hampered by the lack of flights available for rewards redemption. But Alaska Airlines miles are quite valuable, provided you can find a flight to use them for.

It carries a $95 annual fee -- which is average for cards in this category. However, it uniquely offers an annual companion ticket starting from $122 ($99 fare plus taxes and fees from $23) each year on your account anniversary after you spend $6,000 or more on purchases within the prior anniversary year. And as a member of the Oneworld flight alliance, it features mile transfers to a number of airlines, including American Airlines.

If the restrictions won’t hinder you, it’s certainly not a bad choice if you enjoy flying with Alaska Airlines -- particularly for the lucrative welcome bonus and strong rewards rate for Alaska Airlines purchases. If you don’t fly with Alaska Airlines, consider another airline credit card.

Rewards and redemption

The Alaska Airlines Visa Signature card earns 3x miles per dollar for eligible Alaska Airlines purchases, 2x miles for eligible gas, EV charging stations, cable, streaming services and local transit (including ride share), and 1x mile for everything else. However, it’s slightly less versatile than other airline credit cards (like the United℠ Explorer Card) that offer rewards for multiple aspects of travel, from hotels to dining out, in addition to rewards for airfare.

The miles you earn can be used to fund Alaska Airlines airfare, or transferred to one of the airlines in the Oneworld Alliance. You aren’t able to redeem your rewards for statement credits or anything of the like unfortunately, so if you’re not planning on turning your miles into flights, consider another travel credit card.

Below you’ll find all of the airlines in the Oneworld Alliance.

  • American Airlines
  • British Airway
  • Cathay Pacific
  • Finnair
  • Iberia
  • Japan Airlines
  • Malaysia Airlines
  • Qantas
  • Qatar Airways
  • Royal Air Maroc
  • Royal Jordanian
  • SriLankan Airlines

Alaska Air provides details on the different mile ranges each type of airfare will cost within the contiguous U.S. and Alaska.

Alaska Airlines mile cost

Airfare typeTrip lengthMile cost range
First ClassLess than 700 miles15,000 to 40,000 miles
Main CabinLess than 700 miles5,000 to 30,000 miles
First Class701 to 1,400 miles25,000 to 50,000 miles
Main Cabin701 to 1,400 miles7,500 to 30,000 miles
First Class1,401 to 2,100 miles25,000 to 60,000 miles
Main Cabin1,401 to 2,100 miles10,000 to 40,000 miles
First Class2,101+ miles30,000 to 70,000 miles
Main Cabin2,101+ miles12,500 to 50,000 miles

How much are Alaska Airlines miles worth?

Based on the flights available for miles redemption, we estimate Alaska Airlines miles to be worth 1.66 cents each -- but you can’t redeem miles for just any flight.

Depending on where you’re looking to fly to, you won’t be able to redeem your miles for a lot of Alaska Airlines flights. That dampens the card’s earning potential since it seems to mostly defer to American Airlines or other airlines when there are no Alaska Airlines flights available. For example, there is a flight from Nashville to New York City available to use your miles for, but it’ll be with American Airlines rather than Alaska Airlines.

Here are the flights we were able to find, and the point values for each. Each flight is one way.

Mile valuations

FlightDollar costMile costMile value
ORD to LAX$39220k + $61.96 cents
DEN to JFK$54740k + $121.36 cents
SFO to CVG$49430k + $121.65 cents

So, while there aren’t too many east coast Alaska Airlines routes, when you are able to find one, Alaska Airlines miles are pretty valuable. 

Keep in mind that point valuations are volatile and will change depending on factors like when you’re looking to travel as well as how many people are traveling at that time. These valuations are all with Alaska Airlines, so miles could be worth less (or more) when transferring miles to other airlines.

Welcome bonus

New Alaska Airlines Visa Signature cardholders can earn 60,000 bonus miles and Alaska’s Famous Companion Fare™ ($99 fare plus taxes and fees from $23) after you make $3,000 or more in purchases within the first 90 days of opening your account.

If, based on our estimates, Alaska Airlines miles are worth 1.36 cents at the low end and 1.96 cents at the high end, then 60,000 miles would be worth $816 (60,000 x .0136) to $1,176 (60,000 x .0196). Either way, that’s a pretty decent return for the welcome bonus’ spending qualification.

For the companion fare, the discount code will be added to your account within the first two billing cycles after qualifying within the 90-day limit. You’ll get an additional companion fare each year after you spend $6,000 or more on purchases within the prior anniversary year as an annual benefit.

Other card perks

Besides the annual companion ticket, you can also get a free checked bag for you and up to six people on your reservations. That could save you quite a bit of money depending on how many times per year you travel. There’s also 20% back on inflight Alaska Airlines purchases, which is standard among most co-branded airline credit cards.

Alternative cards

If you prefer flying with another airline, or like to mix and match, consider these other options.

United℠ Explorer Card

The United Explorer Card offers rewards and amenities catered to travelers who prefer to fly with United. It offers better perks and expanded rewards for a $95 annual fee ($0 intro annual fee for the first year).

Cardholders can earn 2x miles per dollar for United purchases, plus for dining and hotel stays purchased directly with the hotel, and 1x miles for everything else. So it offers a slightly lower rewards rate (2x miles for United purchases compared to 3x miles on eligible Alaska Airlines purchases with the Alaska Airlines card), but you can earn 2x miles for more travel-related purchases -- like dining and hotels -- that the Alaska Airlines card would only earn 1x mile for.

There isn’t an annual companion ticket, but to make up for it, the United Explorer Card features a wide variety of travel and shopping protections, two one-time passes each year to United’s airport lounge and an application fee credit for Global Entry or TSA PreCheck. The airport lounge access and application credits alone make the United Explorer card worth the cost, and a better choice for frequent travelers.

Chase Sapphire Preferred® Card

If you don’t have any loyalty to a specific airline, the Chase Sapphire Preferred is one of the best travel credit cards you could choose. 

The card earns 5x points per dollar for travel booked through Chase Travel℠, 3x points per dollar for dining, select streaming services and online grocery purchases (excluding Target, Walmart and wholesale clubs), 2x on travel purchases and 1x for everything else. Suffice to say it has more earning potential than the Alaska Airlines Visa Signature card.

But the true power comes from its 25% point bonus when redeeming points for travel through Chase Travel and its 1:1 point transfer rate to Chase’s airline and hotel partners.

There aren’t any companion passes or inflight discounts to be had here, but its redemption bonus and transfer rate make it one of the best general travel cards to choose. 

You can learn more about it in our Chase Sapphire Preferred review.

How Alaska Airlines Visa Signature® credit card compares to other cards

CNET’S PICK
Alaska Airlines Visa Signature® credit card

Alaska Airlines Visa Signature® credit card

6/10 CNET Rating CNET rates credit cards by comparing their offers to those of their categorical competitors. Each card is individually evaluated through a formula which reflects the standards and expectations of the contemporary market. Credit card issuers have no say or influence in our ratings. How we rate credit cards
Intro Offer
60,000 bonus miles 60,000 bonus miles plus Alaska’s Famous Companion Fare™ ($99 fare plus taxes and fees from $23) with this offer. To qualify, make $3,000 or more in purchases within the first 90 days of opening your account.
Annual fee
$95
APR
20.24% – 28.24% Variable APR on purchases and balance transfers
Intro Purchase APR
N/A
Rewards rate
1 mile – 3 miles Earn unlimited 3 miles for every $1 spent on eligible Alaska Airlines purchases.; Earn unlimited 2 miles for every $1 spent on eligible gas, EV charging station, cable, streaming services and local transit (including ride share) purchases.; Earn unlimited 1 mile per $1 spent on all other purchases.
Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

9/10 CNET Rating CNET rates credit cards by comparing their offers to those of their categorical competitors. Each card is individually evaluated through a formula which reflects the standards and expectations of the contemporary market. Credit card issuers have no say or influence in our ratings. How we rate credit cards
Intro Offer
60,000 bonus points Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 when you redeem through Chase Travel℠.
Annual fee
$95
APR
21.49% – 28.49% Variable
Intro Purchase APR
N/A
Rewards rate
1x – 5x 5x on travel purchased through Chase Travel℠.; 3x on dining, select streaming services and online groceries.; 2x on all other travel purchases.; 1x on all other purchases.
United℠ Explorer Card
Learn More

United℠ Explorer Card

6/10 CNET Rating CNET rates credit cards by comparing their offers to those of their categorical competitors. Each card is individually evaluated through a formula which reflects the standards and expectations of the contemporary market. Credit card issuers have no say or influence in our ratings. How we rate credit cards
Intro Offer
Earn 50,000 bonus miles Earn 50,000 bonus miles after you spend $3,000 on purchases in the first 3 months your account is open.
Annual fee
$0 Intro for First Year, then $95.
APR
21.99% – 28.99% Variable
Intro Purchase APR
N/A
Rewards rate
1x – 2x Earn 2 miles per $1 spent on dining, hotel stays, and United® purchases; 1 mile per $1 spent on all other purchases

FAQs

Alaska Airlines flies to Alaska, Arizona, California, Colorado, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nebraska, Nevada, New Mexico, New York (NYC area), North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Washington, Washington D.C., Wisconsin and Wyoming.

The main difference between the two types of travel credit cards is that airline credit cards earn rewards with a specific airline and offer perks centered around flights. General travel credit cards offer rewards and perks for a variety of different kinds of travel spending.

Global Entry expedites the customs process when entering the country. It helps you skip the line and move through it faster. Similarly, TSA PreCheck gets you through the TSA security line and to your gate faster.

*All information about the Alaska Airlines Visa Signature credit card has been collected independently by CNET and has not been reviewed by the issuer.

The editorial content on this page is based solely on objective, independent assessments by our writers and is not influenced by advertising or partnerships. It has not been provided or commissioned by any third party. However, we may receive compensation when you click on links to products or services offered by our partners.

Evan Zimmer has been writing about finance for years. After graduating with a journalism degree from SUNY Oswego, he wrote credit card content for Credit Card Insider (now Money Tips) before moving to ZDNET Finance to cover credit card, banking and blockchain news. He currently works with CNET Money to bring readers the most accurate and up-to-date financial information. Otherwise, you can find him reading, rock climbing, snowboarding and enjoying the outdoors.