Alaska Airlines Visa Signature 2026: The $95 card with the famous Companion Fare
Bank of America Alaska Visa offers an annual companion fare from $99 + taxes — one of the highest-leverage benefits in US airline cards. Combined with Alaska Mileage Plan's Cathay First sweet spot, this is a strong card.
- Cathay First Class US-Hong Kong: 70,000 Alaska miles + ~$30. Best Cathay First redemption available globally.
- JAL Sky Suite Asia 1 off-peak: 50,000-70,000 Alaska miles + ~$100.
- Qantas business US-Australia: 110,000 Alaska miles + ~$150.
- BA business US-Europe: 70,000-85,000 Alaska miles + brutal BA YQ.
Bank of America's Alaska Airlines Visa Signature at $95/year is one of the most-leveraged airline credit cards in 2026. The annual Companion Fare benefit — book a companion for $99 + taxes/fees on any paid Alaska flight — typically saves $300-$1,200 per round-trip. Combined with Alaska Mileage Plan's published partner award chart (Cathay First at 70,000 miles, JAL Sky Suite off-peak), this card pays for itself for any Alaska-anchored points traveler.
The benefit structure
| Benefit | Detail |
|---|---|
| Annual fee | $95 |
| Annual companion fare | From $99 + taxes/fees on a paid Alaska flight |
| Earn rate | 3x Alaska + 1x other |
| Free first checked bag | For up to 6 passengers on the same reservation |
| 0% FX fee | No foreign transaction fees |
| Sign-up bonus typical | 50,000-70,000 Alaska miles + companion fare from $99 |
The Companion Fare math
The annual Companion Fare is the card's signature benefit. After paying the $95 annual fee, you earn one companion fare per cardholder year. The companion books on a paid Alaska flight for $99 + applicable taxes/fees (typically $20-$80 in fees). Combined cost: $119-$179 for the companion.
On a typical $400-$600 round-trip Alaska flight (e.g., LAX-SEA, SFO-PDX, ANC-LAX), the companion saves $200-$400+ vs paying full retail. On a $1,000+ Alaska flight (longer hauls), the savings are higher. For travelers who fly Alaska with a companion 1+ time per year, the Companion Fare alone exceeds the $95 annual fee.
The Alaska Mileage Plan sweet spots
Alaska Mileage Plan publishes a fixed partner award chart that produces some of the cheapest premium-cabin awards in points travel:
- Cathay First Class US-Hong Kong: 70,000 Alaska miles + ~$30. Best Cathay First redemption available globally.
- JAL Sky Suite Asia 1 off-peak: 50,000-70,000 Alaska miles + ~$100.
- Qantas business US-Australia: 110,000 Alaska miles + ~$150.
- BA business US-Europe: 70,000-85,000 Alaska miles + brutal BA YQ.
For travelers anchored on Bilt (only flexible bank-points currency that transfers 1:1 to Alaska), the Companion Fare card is a perfect supplement.
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The bag benefit
The first checked bag is free for the cardholder + 6 companions on the same reservation. For families of 4 traveling together, the savings on checked bags alone can run $80-$120 per round-trip — a meaningful supplement to the Companion Fare benefit.
The decision: who should hold this card
| Profile | Worth it? |
|---|---|
| Lives in West Coast US (Alaska's home market) | Yes — Alaska is a primary carrier; Companion Fare saves \$200-\$400/year |
| Frequent flyer between West Coast cities | Yes — multiple Companion Fare opportunities per year |
| Travels with family (4+ passengers) | Yes — free first checked bag for 6 people is meaningful |
| Anchored on Bilt (transfers to Alaska) | Yes — supplements Cathay First and JAL Sky Suite redemptions |
| Doesn't fly Alaska at all | No — benefits are Alaska-locked |
The Bank of America issuer angle
Unlike most major airline co-brand cards (which Chase, Amex, Citi, Barclays issue), Alaska Airlines Visa Signature is issued by Bank of America. This means:
- Doesn't count toward Chase's 5/24 rule
- Approval is typically straightforward without 5/24 constraints
- Some travelers can have multiple Bank of America Alaska cards (different versions or fee levels)
For travelers approaching Chase's 5/24 limit, opening the Alaska card doesn't impact future Chase applications.
Bottom line
The Bank of America Alaska Airlines Visa Signature at $95/year is one of the best US airline co-brand cards. The Companion Fare benefit alone justifies the fee for anyone flying Alaska 1+ time per year with a companion. For travelers anchored on Bilt (which transfers to Alaska), this card supplements the Alaska Mileage Plan sweet spots (Cathay First, JAL Sky Suite). For West Coast US-based travelers, this is a near-no-brainer card.
Compare Alaska card to Companion Fare alternatives on Pointify →
Last verified by the Pointify research team on May 1, 2026, against current Bank of America Alaska Airlines Visa Signature card terms and Alaska Mileage Plan partner award rates. Companion Fare benefit terms and award chart may shift; verify before relying on benefits.
About the author
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The Pointify team analyzes loyalty programs, fare data, and booking strategies across 300+ airlines and major award programs. Our goal: help you get maximum value from every point and mile.
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