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Alaska Airlines World Elite MasterCard Review

alaska airlines credit cardWhile not as well known in Canada, the Alaska Airlines World Elite MasterCard delivers exceptional value to ALL Canadians. It comes with a free flight welcome bonus, an annual companion ticket, a low annual fee and one of the largest Airline partner programs.

The Alaska Airlines World Elite MasterCard has one of Canada’s highest welcome bonus offers in Canada – 25,000 miles (enough to fly return anywhere in North America), with no minimum spend requirement, and it comes with an annual companion fare ticket that you can use to fly return anywhere in North America – including Hawaii!

People who think this program is only good for Alaska Airlines flights flying out of Vancouver and Clagary are missing out on one of the richest & most flexible partner programs in North America – even if you live in Toronto or Montreal. You can use your 25,000 welcome bonus miles, straight from the Alaska Mileage website, to book flights on American Airlines, Delta, Air France, British Airways, Cathay Pacifica, Qantas, Korean Air, Emirates and more!

Apply Now!

Alaska Airlines World Elite MasterCard Benefits

Alaska Airlines Mileage Plan program is one of the most valuable loyalty currencies out there. The program partners with numerous carriers for points earning and redemption, including both Delta and American in Canada, as well as Korean Air, Cathay Pacific, and Emirates. GreedyRates values these miles at around 2-2.2 Canadian cents, meaning the sign-up bonus alone is worth $550.  With the Canadian dollar as low as it is, those miles may be even worth more now.

Because of it’s great list of partners, the Alaska Airline Mileage program is for all Canadians, whether you live in Montreal, Toronto, Calagary or Vancouver. Here’s why. When looking at the Alaska Airlines flight redemption chart, the 25,000 point sign-up bonus offer is enough to get a return fare ticket that will take you to destinations anywhere within continental North America.

For example, you can fly Toronto to Orlando return for 25,000 miles, and only $67 in taxes and fees on Delta. Or you can fly Toronto to Los Angeles direct on American Airlines for 25,00 miles return and $79.26 in taxes and fees! Notice how low the taxes and fees are compared to Aeroplan.

The other great feature of the card is the annual companion ticket you can redeem for any Alaska Airlines flight within North American including Hawaii and Alaska, for only $121 USD. You get one EVERY year. That means you can get a ticket from Calgary to Honolulu for $118USD, instead of $850!

Your companion will have to fly with you on the same itinerary and it’s only available for coach class tickets on an Alaska Airlines operated flight. Unfortunately, Alaska Airlines only flies out of Calgary and Vancouver. As a result, because you can’t use the companion fare on partner flights, companion fare tickets have the most value for those in Alberta and BC.

Here are some of the additional perks that help the Alaska Airlines credit card stand-out from the pack:

  • Receive 25,000 Bonus Miles after your first eligible purchase
  • Earn 1 Bonus Mile per $1 spent on every eligible purchase
  • Earn 3 Bonus Miles per $1 spent on Alaska Airlines tickets, cargo purchases, in-flight purchases and vacation packages. Through Alaska Airline’s code sharing system, you can also earn 3 bonus miles when booking on American or Delta through Alaska Airlines as well.
  • Receive an annual Companion Fare from $121 (USD) ($99 base fare, plus taxes and fees from $22)
  • Redeem Miles for flights to over 700 destinations worldwide
  • $75 annual fee (fairly low compared to standard $120-$150 for most travel cards. However, it doesn’t come with as robust insurance coverage.

Worth It?
With the welcome bonus at 25,000 miles, an annual companion ticket that can take you to anywhere in North America including Hawaii, and a low annual fee of $75 this card is rich. The annual companion ticket can save you over $700 a year, more than covering the small $75 annual fee.

Moreover, the flexibility of being able to use your Alaska Mileage points on partner airlines makes this a phenomenal value for every Canadian. 

The Alaska Arilines World Elite MasterCard is not the card for you if you’re looking for maximum travel insurance protection. That said, it does come with insurance such as car rental, unexpected return home, accidental death, purchase assurance,  extended warranty and price protection ( find the same product you bought advertised in Canada at a lower price within 60 days after purchase, the difference will be refunded, up to $500).

Eligibility
You will need to have a minimum personal income of $15,000. They actually played it smart here. You apply for the Alaska Airlines World Elite Mastercard, which has a min income of $70K, household income of $120K, but if you don’t qualify, you will automatically get the Platinum card, which has the EXACT  same 25,000 mile welcome bonus and companion fare benefits. Apply on the same application, you will automatically be approved for the credit car dmatching your income.

Better Offers?
This is one of the richest offers in the Canadian marketplace. For $75 you’re getting a welcome bonus that can get you a free flight to anywhere in North America, and a companion ticket (if you can use it), that can get you as far away as Hawaii for only $118.

We also love the flexibility to use your points, at the same value, on so many valued partner airlines. The minimal taxes and fees on bookings are appreciated as well.

Appy Now!

 

 

 

 

15 comments

  1. Does the Alaska Airlines World Elite MasterCard offer trip cancellation insurance for return flights (Victoria-Puerto Vallarta) booked for my spouse and myself on Air Alaska using a combination of points and $$ if the reason for the cancellation is due to an unforeseeable medical circumstance related to our travelling companion with whom we are sharing accommodation? We have not yet departed on our trip but are scheduled to do so in 4 days.

    • Hi Chris,

      Unfortunately the MBNA Alaska Airlines World Elite card does not offer trip cancellation insurance. However, it does offer unexpected return home insurance, in the event of a family members death.

      Hope your situation works out and good luck!

      GreedyRates Staff

  2. Is the $75 fee in USD or CAD ?
    At the current exchange rate $75 USD is over $100 CAD and there are cards that offer better value to me with a $100+ annual fee.

    • Hi Dave,

      The annual fee is in Canadian. With the welcome bonus AND the annual companion ticket, the annual fee is well worth the value you get in return.

      Hope that helps,

      GreedyRates Staff

  3. can these points be transferred to aeroplan

  4. Actually Alaska flies out of Victoria, Vancouver, Kelowna, Edmonton and Calgary. With the most frequency out of Vancouver and Victoria.

  5. Hello,

    I had this card for a year and am considering keeping it. After numerous attempts to contact both mastercard and MBNA about the eligibility of this card for priority pass I havent received a solid response.

    As this card is a MC World Elite product it should qualify for all its perks… do you have any information on getting a priority pass account via this card for free?

    Thanks

    • Hi Cyrus,

      Good question. No the card does not come with Priority Pass lounge access or discounts. Not every World Elite benefit has to be made available by the credit card issuer. Just like PC Financial’s World Elite MasterCard does not come with Priority Pass lounge access or all travel insurances.

      GreedyRates Staff

  6. Why do you think it is that you cannot apply directly for the Platinum card rather than the Elite? You report that it has the same bonuses; and it likely has a small or no yearly fee.

    • Hi Geoff,

      The credit card issuer earns higher interchange fees from the World Elite card than the Platinum card. As a result, they try to funnel as many eligible applications to the World Elite card, and only then downgrade those to Platinum who don’t qualify. Giving the option upfront would only confuse matters for consumers.

      Does that make sense?

      GreedyRates Staff

      • Although if you really want to, the paper applications handed out by flight attendants on Alaska flights do allow you to directly apply for the Platinum by ticking a box for it. If you’re sure you won’t get approved for the World Elite (say, you don’t meet the minimum income requirement), that’s the only way I know of to skip trying for it.

  7. I have just applied and was approved for the card. Didn’t got it yet and was wondering if I can submit another application to double the bonus?
    I did this with other products and was approved.

    • Hi Hosam,

      Not sure. We haven’t tried that on our end. I know it has worked in the past, and it largely depends on the issuer. If you do try it, please let us know how it works out, so all of our readers can benefit from the experience.

      Thanks,

      GreedyRates Staff

      • I tried it and wasn’t approved for the second card. Reason was that Alaska entitles only one CC per customer. Then another agent said i wasn’t approved because I have the max credit from MBNA. Will keep the card for a few months, cancel and reapply.

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