Buy Alaska Airlines Gift Cards With a 10% Discount at Costco

Do you love Costco as much as we do?

If you didn’t before, you will after learning that you can score 10% off Alaska Airlines gift cards purchased through Costco!

Let’s see how to make the most out of this deal.

Promotion Details

Here’s what you need to know about the Alaska Airlines $500 gift card deal at Costco:

• You must purchase gift cards in-store.
• Pay $449.99 for a $500 gift certificate with Alaska Airlines; this constitutes a 10% discount.
• You must be a Costco member to be eligible.
• Maximum of 5 purchases per membership.
• Valid while supplies last.
• Processing time of 24 to 48 hours or possibly more for weekends or holidays.
• Certificates can’t be used for purchases like Premium Class, exit row, or first class upgrades.

As you can see, there are some important requirements we shouldn’t overlook when considering this deal. Let’s dig a bit deeper to see if this deal is right for you.

Is It Worth It?

When we see discounted gift cards for airlines, we tend to lunge. It’s a pretty rare find, especially with a discount as decent as 10%.

That said, this is something that aligns with those who are already on the move. If you’re not a frequent flyer with Alaska Airlines, or if you don’t already have upcoming trips to take with the airline, this purchase isn’t so great that you should buy just for the sake of buying.

However, for those with upcoming travel plans, it’s possible to multiply your rewards on the purchase.

If You’re Chasing Rewards

You’ll always want to use the best card to maximize your airline purchases, which means you should be paying with a card such as the Capital One Venture Rewards Credit Card. More than this, however, is the opportunity to stack earnings for a pretty sweet return with the Capital One Venture card:

• Earn 2x Capital One miles on all purchases to maximize your gain. We value Capital One miles at 1.8 cents each, which brings these savings to 3.6%
• This is a double-dip purchase: The savings of 10% off the list price, in addition to 3.6% in earned points, brings us to a total of 13.6% in savings.
• If applicable, you can actually triple dip if you’re an Executive member with Costco. Executive members receive an additional 2% cash-back, creating a grand total of 15.6% off your purchase.

Compare this to using The Platinum Card^® from American Express to purchase the flight directly from Alask Airlines without the gift card. Amex Platinum cardholders earn 5x Membership Rewards per $1 spent on flights booked directly with the airline or via AmexTravel.com (up to $500,000 per year, then 1x). We value Amex points at 2.2 cents each, which would bring your return to 11%

It’s rare to find a deal that can out-value the Amex Platinum card, but in this instance, stacking rewards will allow you to get more from your money.

Final Thoughts

We’ve scoured the web for deals that will take your dollar further, and for the right person, this could be a serious saver. Combine discounted gift cards, double miles, and store-sponsored cash-back to boost the discount to 15.6%.