BoA Alaska Atmos Ascent Credit Card Review (Old Card New Name, 80k Offer)
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Benefits
- 80k offer: earn 80,000 Alaska Miles after spending $4,000 in first 120 days.Plus a companion fare in the first year.
- We value Alaska Miles at 1.6 cents/point (Airline Miles Value), so the 80k welcome offer is worth about $1,280!
- Earn 3x Alaska Miles on Alaska Airlines tickets, vacation packages, and cargo purchases; earn 2x Alaska Miles on eligible gas, cable, streaming services and local transit including ride share purchases; 1x Alaska Miles on other purchases.
- Earn a 10% rewards bonus on all points earned from card purchases if you have an eligible Bank of America® account.
- Alaska Companion Fare: Get Alaska’s Famous Companion Fare from $122 ($99 fare plus taxes and fees from $23) each account anniversary after you spend $6,000 or more on purchases within the prior anniversary year.
- Priority boarding.
- First checked bag free.
- 20% back on all Alaska Airlines inflight purchases.
- Get $100 off an annual Alaska Lounge+ Membership when you pay with this card.
- No foreign transaction fee.
Disadvantages
- $95 annual fee, NOT waived for the first year.
Recommended Application Time
- We recommend you apply for this card after you have a credit history of at least one year.
- 2/3/4 Rule: BoA will only approve you for at most: 2 cards per rolling 2 months; 3 cards per rolling 12 months; and 4 cards per rolling 24 months.Because their IT system hasn’t been fully updated yet, you may not get declined because of this rule.Instead, you may get approved at first, and then the account will be closed because of “approved in error”.
- 24 month churn rule: This card will not be available to you if you currently have or have had the card in the preceding 24 month period.
Summary
This card is the same as the old BoA Alaska card.
The welcome offer is quite attractive.However, the reward rate for spending is not impressive, which makes it not a great choice to keep unless you really fly with them a lot.
After Applying
Related Credit Cards
Best Downgrade Options
Historical Offers Chart
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Frequently Asked Questions
Certainly. Unlike personal loans, you won't face any penalties for settling your balance ahead of schedule. However, it's crucial to keep in mind that if your credit card comes with a 0% introductory offer, it's essential to clear your balance completely before the 0% promotion expires and interest charges apply.
However, you can include additional cardholders, each with their own card. While sharing the single credit limit, the primary cardholder remains responsible for settling the debt.
Potentially, yes. Credit card APRs are typically variable, allowing lenders to change rates, impacting your monthly payments. Additionally, be mindful that introductory 0% offers can lead to higher interest rates once they expire. So, it's wise to clear your balance before that happens, if feasible.
Indeed, credit builder cards exist for those with less-than-ideal credit scores. These cards offer lower credit limits (typically £150 to £1,200) and higher interest rates. Responsible use, including full and on-time payments, can gradually boost your creditworthiness, potentially opening doors to better credit card offers down the line.
