Bank of America and Alaska Airlines have raised the welcome offer on the Atmos Rewards Visa Signature Business Card to 85,000 bonus points plus a $99 Companion Fare, a limited-time promotion aimed at small-business owners and frequent flyers who use Alaska Airlines and Hawaiian Airlines, according to the card terms. The deal is available now in the U.S. and is designed to pull in cardholders with a bigger sign-up bonus, a lower-cost second ticket, and travel perks tied to the airline network.
Context
Atmos Rewards is the airline loyalty program tied to Alaska Airlines and Hawaiian Airlines. The business card is the company version of the Atmos Rewards Ascent Visa, but it comes with a higher initial spending requirement and is built for owners who want to separate business purchases from travel rewards.
Under the current offer, new cardholders receive 85,000 bonus points and a $99 Companion Fare after making at least $5,500 in purchases within the first 90 days of opening the account, according to the issuer. The offer also includes an annual companion fare after spending $6,000 or more on purchases during the prior anniversary year, which gives the card a recurring value beyond the sign-up bonus.
Why the companion fare matters
The companion fare is the card’s signature benefit. It lets a second traveler fly for $99 plus taxes and fees from $23, which can reduce the cost of a trip for a spouse, partner, employee, or client traveling on the same itinerary.
Alaska Airlines says the companion fare can now be used on Hawaiian Airlines flights within North America, including to and from Hawaii, as long as the booking is made on alaskaair.com. That change broadens the benefit for travelers who split time between mainland routes and island destinations, especially on higher-priced flights where a fixed-price companion ticket can have the biggest impact.
Earning structure and travel perks
Beyond the welcome bonus, the card earns 3 points for every $1 spent on eligible Alaska Airlines and Hawaiian Airlines purchases, 2 points for every $1 spent on eligible gas, EV charging station, shipping, and local transit purchases, and 1 point per $1 spent on all other purchases, according to the issuer. Cardholders with an eligible Bank of America business banking account also earn a 10% rewards bonus on points generated from card purchases.
The card includes a free checked bag for the cardholder and up to six guests on the same reservation when the flight is paid for with the card. Preferred boarding is also included, giving travelers a faster path to their seats on busy departure days and adding another practical benefit for owners who fly often.
How the offer fits the market
Airline business cards typically compete on two fronts: a large sign-up offer and ongoing travel value. The Atmos Rewards Business Card follows that pattern by pairing a sizable points bonus with a companion fare that can be used year after year if the spending threshold is met.
The higher 90-day spending target on the business version helps distinguish it from personal cards and may appeal most to companies with regular airfare, fuel, shipping, or rideshare expenses. For those buyers, the spending requirement can be easier to reach through everyday operations, while the companion fare helps turn routine travel into a more predictable expense.
Travel rewards observers generally measure a companion fare by route price, because the benefit is most useful when the second ticket would otherwise be expensive. In this case, the advertised $99 companion fare plus taxes and fees from $23 gives cardholders a fixed discount that can be especially valuable on peak-season flights, holiday travel, and popular West Coast to Hawaii routes.
What readers should watch next
For readers comparing airline business cards, the main question is whether this package matches their travel patterns. The new Hawaiian Airlines eligibility makes the card more relevant for companies that regularly fly between the mainland and Hawaii, while the category bonuses on gas, shipping, EV charging, and transit help widen its appeal beyond pure airfare spending.
The next thing to watch is how long the 85,000-point promotion remains available and whether Alaska and Hawaiian continue to expand shared benefits across their network. If the companion fare stays flexible and the booking rules remain simple, the card could become more attractive to small businesses that want both immediate value and a recurring discount on future trips.
