Annual Fee
$75
Extra Card Fee
$0
Purchase
19.99%
Cash Advance
24.99%
Balance Transfer
21.99%
Personal Income
N/A
Household Income
N/A
Canadian resident who has reached the provincial age of majority.
  • 20,000 bonus miles†† and Alaska's Famous Companion Fare™ from $121 (USD) ($99 plus taxes and fees from $22)◊◊ after you make $1,000 or more in eligible purchases within the first 90 days of your account opening.
  • Every year on your account anniversary buy one round trip and get Alaska's Famous Companion Fare™ from $121 (USD) ($99 plus taxes and fees from $22)◊◊ on Alaska Airlines. There are no blackout dates.
  • Earn 3 miles‡ for every $1 charged to your Alaska Airlines Mastercard credit card on tickets, vacation packages, and cargo services from Alaska Airlines.
  • Earn 1 mile‡ for every $1 spent on other eligible purchases.
  • Earn and redeem‡ Alaska Mileage Plan miles on global airline partners of Alaska Airlines to 900+ destinations.
  • Standard Annual Interest Rates of 19.99% on purchases, 21.99% on balance transfers✪and access cheques, and 24.99% on cash advances.
  • $75 annual fee
Extended Warranty 1 year
Purchase Protection 90 days
Travel Accident $1,000,000
Trip Interruption $2,000
Rental Car Theft & Damage Yes
Rental Car Accident $200,000
Rental Car Personal Effects $1,000

Please review your insurance certificate for details, exclusions and limitations of your coverage.

✪ Balance transfers will be fulfilled in the order listed and are treated as balance transfers in accordance with your Account Agreement. The total value of balance transfers cannot exceed your authorized credit limit. If the value is greater, MBNA may send a partial payment to the named creditor/designated account. THERE WILL BE A TRANSACTION FEE EQUAL TO 1.00% OF THE DOLLAR AMOUNT OF EACH BALANCE TRANSFER INITIATED WITH THIS APPLICATION. A MINIMUM FEE OF $7.50 WILL APPLY TO EACH BALANCE TRANSFER TRANSACTION. A balance transfer may not be used to pay off or down your account balance or any other balances with us (including our affiliates, which would include any member of the TD Bank Group).

†† To qualify for this offer, an applicant must be approved for a Platinum card and a single or combination of purchase transactions totaling at least one thousand Canadian dollars (CAD 1,000) must be made using such account within the first 90 days of account opening that are not subsequently rescinded, the subject of a charge back request or otherwise disputed. Please allow 8-10 weeks from the transaction date for bonus Miles to be posted to your Mileage Plan account. Account must be open and active on posting/delivery date to qualify for bonus Miles. Limit one-time bonus Miles offer (no cash value) per new account. Reissues, fraud, lost/stolen and reopened accounts do not qualify for this offer. This promotion is offered by MBNA and may be amended or cancelled at any time without notice. Additional bonus Miles may be awarded if a completed application is submitted to an Alaska Airlines employee.

‡ These are highlights of the credit card rewards program (the "Program") associated with this credit card account. Miles will be awarded on eligible transactions charged to your account as set out in the Program terms and conditions. Complete terms and conditions describing Program eligibility, accrual and redemption of Miles, and other important conditions, limitations and restrictions will be sent after your account is opened. Please read the terms and conditions carefully upon receipt. Accumulated Miles can only be redeemed in accordance with the Alaska Airlines Mileage Plan program (the “Alaska Program”). The Toronto-Dominion Bank has no liability or responsibility for any aspect of the Alaska Program. Please visit www.alaskaair.com for complete Alaska Program terms and conditions.

◊◊ Companion Certificates can only be used for a coach class seat on an Alaska Airlines operated flight with the purchase of another ticket on the same Alaska Airlines flight within or between the continental United States, Alaska, Canada, Hawaii or Mexico. To obtain the Companion Certificate in the first year of the account, the credit card application must be approved and a single or combination of purchase transactions totaling at least one thousand Canadian dollars (CAD 1,000) must be made using such account within the first 90 days of account opening that are not subsequently rescinded, the subject of a charge back request or otherwise disputed. Please allow 8-10 weeks from the transaction date for the Companion Certificate to be delivered. To qualify for the Companion Certificate in the second and subsequent years of the account, the account must be open and active on the account anniversary. Reissues, fraud, lost/stolen and reopened accounts do not qualify for this offer. This promotion is offered exclusively by Alaska Airlines. The Toronto-Dominion Bank is not responsible or liable for any aspect of this promotion. For a complete explanation of this benefit, please visit alaskaair.com.

The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank.

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Our Review

The Alaska Airlines Mastercards are great airline miles travel rewards credit cards because they offer:

  • A comparatively low annual fee,
  • A huge sign up bonus,
  • Cheap companion tickets, and
  • Multiple partners to redeem with.

Why is that last point important? It’s because Alaska Airlines only flies to a select few Canadian cities. However, they have an extensive partner list that includes American Airlines, British Airways, Cathay Pacific, Korean Air, and Icelandair.

If you live in a major Canadian city, you should be able to fly nearly anywhere you would want to go. This card, however, is only for people who like to fly internationally. The reason? Foreign airlines cannot take off and land in Canada on the same flight, so these miles cannot be used for domestic flights.

Not only does the Alaska Airlines Platinum Plus Mastercard allows cardholders to earn 1 mile for every dollar spent on everyday purchases and 3 miles for every dollar spent with Alaska Airlines…

You also get 20,000 welcome miles after your first purchase – worth up to $500 or more. 20,000 miles is only 5,000 miles short of getting you an economy flight anywhere in Canada & Continental USA. It’s pretty easy to find a 25,000 mile flight on Alaska Airlines' partner airline American Airlines with a base fare of at least $625, especially when flying coast to coast, which makes those 20,000 welcome bonus miles worth $500.

Then, there’s the annual companion fare certificate that can save you hundreds more each year. If you buy one economy flight at the regular price, you can get a second flight with a much reduced cost for a traveling companion starting at $99 + $22 in taxes.

Cardholders will get all of this for an annual fee of $75 while most comparable cards are at least $120 yearly. They don’t usually come with a companion voucher either.

Plus, the Platinum Plus card has the MBNA Platinum Plus insurance package which includes 7 different types of insurance (check out the Insurance Coverage tab above to find out more).

MBNA also has a World Elite version of this card that you can get for a slightly higher annual fee. The good news is that the World Elite card has only a few extra benefits but the base rewards earn rate remains the same. It's up to you whether the small increase in annual fee is worth it.

What are your thoughts?

The creditcardGenius algorithm calculates an estimated dollar value for all rewards and bonuses by using a typical point value a person can realistically achieve by redeeming their rewards in a reasonably optimized way. The "Welcome Bonus" is the dollar value obtained by combining of all one-time bonuses available to new cardholders within the first year. To qualify for the full bonus you may need to make purchases, meet minimum spending requirements, or complete special actions. Terms and conditions apply.

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