The premium Alaska Airlines credit card — the $395-a-year Atmos Rewards Summit Visa Infinite — has relaunched its biggest publicly available welcome offer. New cardholders can earn 100,000 Atmos Rewards points plus a 25,000-point Global Companion Award after spending $6,000 in the first 90 days. It's a limited-time deal, and it's the strongest signup bonus this card has offered to the general public.

How good is it, really? One valuation puts Atmos Rewards points at around 1.5 cents each, which makes the combined bonus worth roughly 125,000 points, or about $1,875 in travel value. The points can be used well beyond Alaska itself — partner airline redemptions include domestic flights on American, for example — so you don't need to be an Alaska loyalist to get value here.

Approval rules are relatively relaxed compared to some card families: holding any other Atmos Rewards card, personal or business, doesn't block you from getting the Summit version. So if you already carry the Ascent card or the business card, you can still apply for this one. Bank of America is also generally seen as one of the more predictable issuers when it comes to approval decisions.

The card's ongoing perks are the reason some people keep it past year one. You earn 3x points on all foreign transactions and on dining, plus one status point per $2 spent and a 10,000-point annual status boost — arguably the fastest route to Atmos elite status for big spenders. Every anniversary you get a 25,000-point Global Companion Award, with a second 100,000-point version unlocked by spending $60,000 in a card year. On Alaska and Hawaiian flights you get a free first checked bag, preferred boarding, upgrade priority, 20% off inflight purchases, waived partner award booking fees and same-day change fees, plus two Alaska Lounge passes and two Wi-Fi passes each quarter. There's also primary rental car coverage, standard travel protections, and the unusual ability to pool points with up to 10 other members for free.

For anyone planning flights on Alaska, Hawaiian, or oneworld partners, this is one of the more generous airline cards on the US market, and the welcome offer alone covers most of the annual fee several times over. The main audience is American travellers; the card is less relevant if you don't fly Alaska or its partners. If you've been waiting for a strong offer to jump in, this is it — just make sure you can hit the $6,000 spend naturally within three months.

Story via One Mile at a Time.