Bank of America is offering a new promotion for its Alaska Airlines Visa Business card. The offer includes 70,000 bonus miles and Alaska's Famous Companion Fare from $122, which consists of a $99 fare plus taxes and fees starting at $23. To qualify, applicants must spend $4,000 or more within the first 90 days after opening the account.
A similar offer is available for the personal Alaska Airlines Visa Signature credit card. This also provides 70,000 bonus miles and the companion fare after spending $3,000 or more in the first 90 days.
According to THE POINTS GUY's December 2024 valuations, Alaska miles are valued at 1.45 cents each, making this bonus worth approximately $1,015. Additional value can be obtained by redeeming these miles on partner airlines like Cathay Pacific for flights that include a free stopover in Hong Kong.