MBNA Alaska: Now With a $100 Statement Credit!

The MBNA Alaska Airlines Mastercard, a traditionally discreet credit card in Canada that rarely offers special offers, offers a new $100 statement credit along with the usual registration bonus, valid until June 30, 2022.

We first saw a $100 statement credit on MBNA Alaska cards appear in late 2020, then again in spring 2021, and then a duplicate $200 statement credit in winter 2021.

Now, Alaska Airlines and MBNA have brought back the $100 statement credit component for the summer 2022 promotion period.

$100 statement credit + up to 30,000 miles

the $100 statement credit applies to the World Elite and Platinum Plus versions of this card.

Now you can earn the respective welcome bonuses from 30,000 and 20,000 miles from Alaska, along with the $100 credit, when you spend $1,000 in the first three months, making MBNA Alaska one of Canada’s easiest “low hanging fruits” in terms of attractive credit card offers.

This offer is only available through the Alaska Airlines direct channel. You can access the offers here: MBNA Alaska World Elite and MBNA Alaska Platinum Plus.

Outside of this $100 statement credit offer, the best way to apply for MBNA Alaska was through third-party cash back websites, where up to $50 cash back rebates were possible upon approval.

However, since these two tracks cannot be stacked, it is best to apply directly through the Alaska Airlines channel and claim the $100 statement credit instead.

Both the World Elite and Platinum Plus versions of the card will offer the $100 statement credit when you spend $1,000 in the first three months.

Remember, however, that the World Elite and Platinum Plus versions of the MBNA Alaska differ in the following ways:

  • World Elite requires a minimum annual personal income of $80,000 or family income of $150,000, while Platinum Plus has no income requirements.
  • World Elite offers 30,000 Alaska Miles for spending $1,000 in the first three months, while Platinum Plus awards 20,000 Alaska Miles for reaching the same threshold.
  • The World Elite has an annual fee of $99 compared to $75 for the Platinum Plus.
  • The World Elite offers a free first checked bag on Alaska Airlines flights for the primary cardholder and up to six passengers on the same reservation, while the Platinum Plus does not offer this benefit.

As you can see, the $100 statement credit more than makes up for the annual fee on both products: You’d get ahead in the first year for $1 on World Elite and $25 on Platinum Plus, all while collecting the welcome bonus.

In addition to the differences mentioned above, both the World Elite and Platinum Plus cards come with the Alaska Famous Passenger Fare, which allows you to book a second passenger on an Alaska Airlines flight for just $121 ($99 base fare plus US$22 in taxes) when paying the full fare of the first passenger.

The cards also offer 3 Alaska miles per dollar spent with Alaska Airlines and 1 Alaska Mile per dollar spent on everything else, making it a solid choice for your non-Amex everyday spending if you see value in racking up Alaska miles for high-value redemptions.

The most popular options tend to be the aspirational first-class experiences on Cathay Pacific, Japan Airlines, or Qatar Airways, though other Alaska partners like American Airlines, Icelandair, and Fiji Airways can also make solid redemptions.

If you recently applied for MBNA Alaska, you can try asking MBNA if you can match this new offer, but I personally don’t think they’re likely to grant those applications.

However, also note the prevailing MBNA Alaska credit card strategy: You can downgrade your MBNA Alaska to a no-fee product after three months, at which point you’d be eligible for another MBNA Alaska since you’re no longer a cardholder. of the card

You can book Cathay Pacific First Class starting at 70,000 Alaskan miles.

Sorry, Quebecers…

MBNA Alaska is one of the few credit cards in Canada that specifically excludes Quebec residents from the welcome bonus…on paper, anyway.

In both the ongoing standard offer and this special offer with a $100 statement credit, the verbiage specifically states that “this offer is not available to residents of Quebec.”

(Quebec’s stricter consumer protection rules make it more difficult for banks and financial issuers to offer spending incentives, which is what a welcome bonus is associated with a minimum spending requirement at the end of the day. Some issuers like TD and HSBC choose to get around this by associating the bonus with a waiting period, while others like MBNA choose not to offer any welcome bonus at all).

If you enter Quebec as your province, the following warning message is displayed…

…and the applicant is offered to be redirected to an alternative application for Quebec residents, which does not mention any registration bonus at all.

Therefore, if you applied for the card as a Quebec resident and did not receive the sign-up bonus for spending $1,000 in the first three months, then you would have no recourse to request those bonus miles to be deposited. And of course you wouldn’t have any recourse to request a $100 statement credit either.

Conclution

MBNA Alaska Airlines Mastercard now offers a $100 statement credit along with 20,000–30,000 Alaska miles when you spend $1,000 in the first three months, which will more than offset your first year’s annual fee. This special offer lasts until June 30, 2022.

It’s a great time to sign up for the card as a new customer or incorporate the offer into your ongoing MBNA strategy as you try to build up your Alaska Mileage Plan balance and book one of your high-value trips.

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