(EXPIRED) $500 Alaska Airlines gift card for $450 at Costco

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Update 4/8/21: As more people become vaccinated and start thinking about travel again, I’m re-posting this as a reminder that this is still a way to stack a discount on Alaska Air. We originally posted this in November 2020 and Stephen has had it in our weekly Last Chance Deals post ever since because it has continued to be available. Costco advertised it in this week’s email, but it isn’t clear whether they intend any end date.

Costco is offering a $500 Alaska Airlines gift card for $450. If you’re not already sitting on credits from canceled travel this year and you otherwise frequently fly with Alaska, that could be a nice way to save a chunk of change.

The Deal

Key Terms

  • No Travel Restrictions or Blackout Dates
  • No Expiration
  • Only valid at alaskaair.com for Alaska Airlines flights
  • Limit 10 Per Member
  • Delivered via Email
  • Delivered via email within 24 business hours (additional processing time may be required on holidays and weekends)

Quick Thoughts

I don’t often fly Alaska, but man I’m almost tempted by this because of the recent opportunity they offered to convert wallet funds to miles at a cost of $0.01 per mile. I said almost. I’m not going to spend four hundred and fifty bucks hoping they bring that deal back.

I’m further uninterested in this deal because, even though we now have an Alaska Companion Fare code thanks to a recent credit card sign up, last year they began requiring that you purchase the paid fare for that with the associated Alaska Airlines credit card. I don’t believe (though feel free to correct me if I’m wrong) that you can use wallet funds in conjunction with that.

However, for someone who is based in a major Alaska market, particularly those on the west coast, saving 10% on airfare looks like a good deal to me (assuming you are a Costco member). I believe that Costco Executive members would even get 2% back on top, sweetening the deal a bit further.

H/T: missydarlin on Flyertalk via The Gate

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J Qk

If I purchase this gift card online at Costco, can I give it to a friend for their Alaska Air account?



allister lenn

Chase still has a 10% back on my Freedom Unlimited on Alaska Airways. It expires soon.


Do you have an article regarding Do’s and Don’t’s for canceling the BOA Alaska card? I have the signup bonus awards, thinking we were going to use them and the companion pass 2 years ago, but it never happened. I have no need for the card and its AF. Thanks.


And from April to June Discover gives 5% cashback at warehouses. Discover is accepted at Costco online, but not in the store.


Q1 Chase Freedom 5% categories include Costco, so that ads to the return.

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Can this certificate be used across multiple bookings? I assume yes because it loads to the AA wallet.

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– You can use Wallet funds on CP

We have a pair of Companion passes – Chase had an offer that expired 10.31.2020 that was 10% CB up $35.

I called Alaska CS and yes you can use wallet funds with CP but if it exceeds your funds in wallet then any balance must be paid with BofA AS card.

I to figured I would gamble on wallet funds to miles (not holding my breath, tho since 12.31.2020 ends the saver cancellation policy and these recent promos).

Used Amex to purchase (PayPal Key) finishing up some final MSR. Purchased last night, email arrived this morning, already in my AS wallet.


Another DP here that you can use wallet funds for companion pass bookings.

Just did a couple bookings using mine and wife’s companion passes in August. Wife’s Alaska wallet had more funds than the booking, so no card was even required. I had a majority of funds in my wallet to cover my booking and only had to put a couple hundred on my card.


Your lending money to AS interest free, unless you’re going to turn around and buy a ticket and fly why would you do this? Same goes for buying miles unless you’re going to turn around and use them why buy? You are only lending your money to the airlines interest free


I have to disagree with a caveat.

I don’t know where you can easily/safety earn 10% APR (shrinking). You can still use CP with sales on top of the 10% off. We are an AS hub at PDX, and we fly AS 2-3x a year (and use CP).

I think this no expiration GC retains better value than miles, but could be wiped out with a BK by AS whereas miles would likely be safe thru a BK.


As a qualifier I am a long time AS flyer, MM”er + Pre covid averaged 110K + – paid miles a year on AS. I hear and understand I am just voicing my opinion as a very long time AS flyer and business flyer in general these offers are dollar cost averaging over a certain periods of time, thats all. It’s highly doubtful that AS would file BK in this current crisis.


Can the gc be loaded direct to the AS wallet? Or would we need to buy a ticket, wait a couple days and then cancel to have funds deposited to wallet?


It Loads directly to wallet.