Middle Age Miles

Approved for another B of A Alaska Air Business Card – hopefully with a 42,000-mile bonus!

bank of america bofa alaska airlines AS business card visa all-time high sign-up bonus 42,000 alaska mileage plan
Bank of America Alaska Airlines Business Visa

Introduction

I’m in an interesting situation with respect to credit card applications right now. A couple of months ago, after long and thoughtful deliberation, I decided to execute on a 15-month plan to get under 5/24 by 11/1/2020. The driving force behind this plan is that getting under 5/24 should open massive opportunities for me with Chase, primarily because I would become eligible for the great sign-up bonuses on Chase business cards. Of the current Chase business card lineup, I only have one card where I’m the primary cardholder – an Ink Cash card for one of my businesses.

For those who are interested, we posted an article with a detailed analysis of my “under 5/24” strategy and the reasons for it:

Executing on the “under 5/24” strategy leaves me with several options over the next now-13 months:

As you can see, I’m on the lookout for valuable opportunities that fit within this strategy. A new offer for the Bank of America (B of A) Alaska Airlines Business Visa card fit the bill perfectly.

Additional Background & Strategy

The B of A Alaska Business card’s “normal” sign-up bonus over at least the past couple of years has been 30,000 Alaska miles. More recently, we’ve seen periodic opportunities to get a 40,000-mile sign-up bonus for this card. (Some people have even reported receiving targeted mailers to get 40,000 miles plus a $100 statement credit.)

Earlier this month, though, Doctor of Credit posted an article that really caught our eye. DoC said that it may be possible to get even a slightly larger sign-up bonus of 42,000 Alaska miles. We believe that this is an all-time high for the B of A Alaska business card. Here’s the article from DoC:

At our baseline value of 1.5 cents per Alaska mile, a 42,000-mile sign-up bonus would be worth about $630. The sign-up bonus also includes one companion fare – Alaska’s “Famous Companion Fare” where a companion can fly for $99 fare + taxes (normally an all-in total of $121 for US domestic round-trip flights) when the cardholder purchases a normal paid fare. If you can use it, the Companion Fare can provide even more value for the sign-up bonus.

I’ve had the B of A Alaska business card previously. I got the card in January 2018 and canceled it on 2/28/19, after the $75 annual fee posted. One key reason that we wanted to cancel this card was that it appeared that the B of A Alaska business card was still churnable, despite limitations put into effect by B of A on personal cards. We discussed our “Keep or Cancel” strategy for this card here:

Strategically, based on (a) some data points I’d read; (b) cooling off my credit report for a bit before I applied; and (c) trying to generate the best possible chance of success on the application – I decided to wait a little over 6 months after closing the previous B of A Alaska business card before applying for a new one.

Key Card Benefits

To me, the most important feature of the B of A Alaska business card is the generous sign-up bonus. But let’s run through some key details of the card:

  • Annual fee: $75 (if you have only a primary cardholder and no authorized users – technically, it’s $50 for the company plus $25 per card)
  • Sign-Up Bonus & Spend Requirement:
    • 40,000 Alaska miles
    • An additional 2,000 bonus miles when you apply with an employee (more on this later when we discuss the application process)
    • One Alaska Famous Companion Fare – If primary cardholder purchases a paid fare, a companion can fly for $99 + taxes and fees (typically $121 all-in on US domestic round-trip flights)
      • Only good on economy/coach tickets
      • No blackout dates
    • Spend Requirement – $2,000 within 90 days
  • Earning Categories:
    • 3x miles per dollar at Alaska Airlines
    • 1x mile per dollar on everything else
  • Free checked bag on Alaska flights for cardholder and up to 6 other guests on the same reservation
  • Anniversary Companion Fare each year
  • 50% off Alaska Lounge day pass purchases
  • 20% back on Alaska in-flight food, beverage and Wi-Fi purchases
  • No foreign transaction fees

Relevant Link

To apply for the B of A Alaska business card with the current sign-up offer, use this link (not a referral link):

Application Process & Relevant Data

At the time of the application on 9/18/19, my stats & relevant data were as follows:

  • Credit Score: 799 (on TransUnion, which B of A pulled)
  • “5/24” stats: 12/24; 6/12; 1/6
  • Inquiries (on TU): 4/24; 1/12; 1/6
  • Relationship with B of A:
    • One personal checking account – modest balance; open for many years
    • One personal credit card – Alaska personal card; opened 10/2018
    • No current business deposit accounts or credit cards
    • One previous/closed Alaska business card; opened 1/2018 & closed 2/2019
  • Application was made for a legitimate business (the same one that had previously opened & closed the earlier Alaska business card), which is an LLC and has been in existence for several years

The application process itself was straightforward, although there are a couple of interesting points of note:

  • The application offered me the option of pre-filling certain data, as I was an existing B of A customer. I accepted that option. Based on prior research and data points, it seems important to B of A for the applicant to have an existing relationship with B of A. I was able to do this even though my only existing B of A accounts are personal, whereas the application was for a business card.
  • Near the bottom of the application, there was a field called “Event employee ID” that I wasn’t sure how to fill out. It appears to be asking for an Alaska employee number. I did some modest Google searching to see if I could find an Alaska employee number that I could use in this field, without success. Ultimately, I put “None” in this box and submitted the application.

Even though I put “None” in the “Event employee ID” box, I’m hopeful that I’ll get the full 42,000-mile bonus. If not, though, I won’t be unhappy with the “standard” 40,000-mile bonus.

Once I completed the application, I was sent to another screen where I had to certify the information I had provided in the application regarding beneficial ownership of the company. I did this and clicked “Submit Application.”

At that point, my application went pending. The notification said that B of A was “carefully reviewing” my application, that they usually make a decision within a week, and that they’d call me if they had any questions. I also received near-immediate notifications from Credit Karma and LifeLock that TransUnion reported a hard inquiry.

Only 2 days later, today (Fri 9/20/19), I received an email from B of A letting me know that I’d been approved. Yay!

I’ll look forward to receiving the card within the next couple of weeks, learning what credit limit I was given, perhaps learning if my sign-up bonus will be 40k or 42k Alaska miles, and going to work on the minimum spend requirement.

And ultimately, Philly and I look forward to using this nice chunk of Alaska miles from the sign-up bonus on yet another fun Middle Age Miles travel adventure! In addition, it’s nice to re-confirm for ourselves and others that the B of A Alaska Airlines business card remains churnable if you’ve closed your previous card and waited some period of time.

Do you have relevant experience or data points with respect to the B of A Alaska business card? If so, please help out other Middle Age Miles readers by sharing in the Comments. Thank you!


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6 thoughts on “Approved for another B of A Alaska Air Business Card – hopefully with a 42,000-mile bonus!

  1. Ryan del mundo

    I just got this card as well. I tried back in March and they required a CD to be opened. Instead I opened a BOA checking account with $300 bonus. When i applied again for the Alaska card it went through without a hitch.

    The problem is, opening up a BOA checking account totally screwed up the online bill pay. It deleted all my old bill pay and required completely setting up everything again, including verification of my non-BOA checking account and putting in the credit card numbers for the cards to pay. How infuriating, so I canceled the checking and waiting for things to get back to normal. How do you put up with BOA’s terrible card payment system?

    1. Craig at Middle Age Miles Post author

      Hi Ryan – Thanks for the DP on BofA Alaska Biz card applications and how it worked after you opened the checking account. Well played to pick up the account-opening bonus!

      I haven’t had quite the same problems as you with respect to bill pay, but I am having to work through the days-long process to verify new accounts for payment at the moment. It’s definitely antiquated, but in some respects a small inconvenience price to pay to pick up the sweet sign-up bonus on a churnable card 🙂

      Thanks again for the comment, and I hope you’re having a great weekend! ~Craig

        1. Craig at Middle Age Miles Post author

          Hi Jessie – Great question. Thanks for reminding me. I got 42k miles. The extra 2k posted separately from the base 40k. They bear the same posting date, although I think they may have actually posted at different times.

          Also, as a pleasant surprise, I also received a $100 statement credit. Hooray!!! ~Craig

          1. Craig at Middle Age Miles Post author

            Hi Jessie – The $100 statement credit was just part of the sign-up bonus. As far as I know, it was tied to the base $2,000 spend requirement. (That said, I could be mistaken about this, as the credit really came as a surprise to me.) ~Craig

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