Update June 20, 2020: Offer is back, link updated.
Not too long ago, we were seeing offers on the Alaska Airlines credit card of 40,000 points + $100 when you spend $2,000 within the first 3 months. If you would prefer instead to have more cash in your sign up bonus, then Bank of America has your back.
There is an offer right now of earning 30,000 Alaska Airlines points + $200 when you spend $2,000 within the first year. If we value the Alaska points at 1.8 cents per point (TPG), then those 30,000 points would be worth $540. With the $200 statement credit, that would be a total of $740.
As a comparison to the previous offer of 40,000 points + $100, the points would be worth $720, with the statement credit of $100 putting the total at $820.
Credit Card Summary:
The personal Alaska credit card comes with a $75 annual fee which is not waived in the first year. For that annual fee, you are able to earn 3x points on Alaska Airlines tickets, vacation packages, and cargo purchases. Every other purchase would earn 1x.
As far as perks that come with the card, you could get your first checked bag for free, for up to 6 people on the same itinerary. Recently being offered is 50% off day passes at Alaska lounges. Finally, there is a 20% rebate on the card when you use the card for in flight purchases.
If you compare both of the offers, whichever offer makes sense for you depends entirely on how you value the points. If we take TPGs value of 1.8 cents per point, it would make much more sense to take the offer with more points. If you value the points as less valuable, it may make sense to take the offer with more money upfront.
That being said, I wouldn’t expect both offers to stay up at the same time for long, eventually one of them has to go. Seeing as this new 30,000 point offer is the newer offer, I would imagine this would be staying. If you are interested in 40,000 point offer, I would apply for that as soon as possible. As always, make sure to follow Bank of America’s rule before applying for the card.
Which offer do you think is more valuable, more points, or more cash? Let us know in the comments down below