Alaska Airlines World Elite Mastercard
- Annual Fee
- Extra Card Fee
- Card Type
- Cash Advance
- Balance Transfer
- Personal Income
- Household Income
- Earn 1 mile for every dollar spent.
- Earn 3 miles for every dollar spent through Alaska Airlines and Virgin America.
- Receive 25,000 miles as a welcome bonus, worth up to $625 when redeemed for flights.
- Get Alaska’s well-known Companion Fare from $121 USD after your first eligible purchase.
- Receive the same Companion Fare every year on your card’s anniversary.
- Earn and redeem miles for flights to over 900 destinations worldwide - no blackouts.
- Access to Mastercard World experiences and Mastercard World Elite Priceless Cities.
- Covered by 8 different types of travel and purchase insurance.
- Lower than typical $75 annual fee.
|Extended Warranty||1 year|
|Purchase Protection||90 days|
|Rental Car Theft & Damage|
|Rental Car Accident||$200,000|
|Rental Car Personal Effects||$1,000|
Please review your insurance certificate for details, exclusions and limitations of your coverage.
Much like the
The only unfortunate thing is that you can't apply for one card or the other, because both applications are tied together. You apply and MBNA will decide which version to give you based on your application and credit history.
For a comparatively low annual fee of $75 (most similar cards are $120 or more), the MBNA Alaska Airlines World Elite Mastercard will allow you to earn:
1 mile per dollar spent on everyday purchases, as well as
3 miles per dollar spent through Alaska Airlines and Virgin America on tickets, cargo purchases, in-flight purchases and vacation packages.
These rewards can be redeemed for flights to over 900 destinations worldwide, with no blackouts. Reward availability can be limited though, which is compensated by the high value of the miles.
Miles can also be redeemed with a number of different airline partners. This is important because Alaska Airlines only flies to a select few Canadian cities. However, they have an extensive partner list that includes:
British Airways, and
If you live in any major Canadian city, these partners should be able to fly you most places you would want to go. (Keep in mind, however, foreign airlines can't both takeoff and land within Canada during the same flight, so this credit card is not for those who plan to use their miles primarily for domestic travel.)
Despite having the same annual fee as the Platinum Plus, as a World Elite card, the MBNA Alaska Airlines World Elite Mastercard gives you a few extra benefits. Starting with one extra insurance - Price Protection. (You can find out more about Price Protection here and check out the other Insurance Coverage this card comes with from the tab above.)
Mastercard World Experiences and Mastercard World Elite Priceless Cities are also included, giving cardholders access to exclusive events and unique offers.
Just the everyday spending rewards for this card can make it worth it because if you maximize your miles well when you redeem them you're going to achieve at least a 2.5% return on spending.
But, don't forget the big 25,000 mile sign bonus that is worth $625 if you achieve that 2.5% return on spending. 25K miles is enough for a free economy flight anywhere in Canada & Continental USA. It isn't that hard to find one of those with a base fare (before taxes & fees) of $625 or more.
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.
The value of the that certificate is not added to the Net Annual Rewards we calculate for this card, so keep that in mind. We consider it to be a big perk of the card which factors into our rating, but not an actual reward we assign a value to.