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Today, thanks to the Points with a Crew Slack channel, I learned that Allegiant had recently entered into an agreement with Bank of America to offer the Allegiant World MasterCard. Co-branded airline credit cards are usually targeted at frequent fliers of said airline, and most of Allegiant’s customers are infrequent fliers, so you can understand my confusion as to why they would create their own credit card. Let’s dive into the perks of the card, and see if the Allegiant credit card worth investing in.
- 3 points per $1 on Allegiant purchases (air, hotel, car rental and attractions)
- 2 points per $1 on qualifying dining purchases
- 1 point per $1 on all other purchases
(READ MORE: Allegiant opens 17 new routes; adds new destination)
If you spend $1,000 within three months of opening the credit card, you’ll earn 15,000 points, good for $150 off any Allegiant travel. This ratio values Allegiant credit card points worth one cent apiece.
- $59 annual fee
- 3% foreign transaction fee
- Buy one, get one free airfare (details below)
- No blackout dates
- No destination restrictions
- No minimum points redemption
Does it make sense?
In a word, no. Even the most frequent Allegiant flier is likely to get very little out of this card. Let’s suppose you spend $7,500 a year on this card in the following way:
- $500 on Allegiant (1,500 points)
- $2,500 on dining (5,000 points)
- $4,500 on everything else (4,500 points)
At the end of the year you’ll have only earned 11,000 points, good for $110 off Allegiant airfare. There are LOADS of other cards (most with lower annual fees!) that will earn you more points with more use!
Take the Chase Freedom Unlimited, which earns 1.5% cash back on all purchases. That card will earn you 11,250 points when you spend the amounts above. Those points can either be redeemed for $112.50 cash back or for 11,250 Chase Ultimate Rewards points if you have one of their premium cards, like the Chase Sapphire Reserve.
Or, maybe the Citi DoubleCash is more your speed. For the same spend above, you’d earn $150 cash back. That’s 36% more cash back to spend on an Allegiant flight, or any other airline of your choosing for that matter.
Allegiant Credit Card Conclusion
You learn something new every day. While it’s good to know the the Allegiant credit card exists, it’s definitely not worth your time. Even with the buy one, get one airfare deal, this card gets a hard pass from me.
Is this a card you find compelling? Let us know below if you think we’ve missed something!
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