Once you’ve earned a statement credit, it shows up on your billing statement to offset your balance.

Along with the credit, you also earn 40,000 bonus miles and Alaska’s Famous Companion FareTM.

The bonus miles, companion fare and spending threshold have not changed.

This boosted welcome bonus will help travelers combatsurging travel costsdue to inflation and returning demand.

Airline credit cards typically are only worthwhile for brand loyalists willing to fly a particular airline.

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