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Bank of America (BAC) Launches Premium Credit Card with Alaska Airlines

Bank of America Corporation (NYSE:BAC) is one of the best long-term stocks to invest in according to Warren Buffett. The company, in partnership with Alaska Airlines, introduced a premium co-branded credit card on August 20. The credit card, dubbed Atmos Rewards Summit Visa Infinite, is designed for “global travelers” and “modern explorers.” This card is the first premium offering in the new Atmos Rewards loyalty program, which was created following the merger of Alaska Airlines’ and Hawaiian Airlines’ loyalty programs. The card has a $395 annual fee. This is noted as being a lower fee compared to many other premium airline cards on the market.

Pixabay/Public Domain

The card offers a new “Global Companion Award,” a ticket benefit that can be redeemed for a companion’s ticket on a qualifying award booking. Cardholders can earn up to two such awards per year. The card includes eight annual passes to any Alaska Lounge. Cardholders also get access to an elevated bar experience in the lounges through 2026.

This program is part of a renewed long-term partnership between Alaska Air Group and Bank of America, which was extended through 2030. The partnership aims to enhance customer loyalty and drive growth for both companies.

Bank of America Corporation (NYSE:BAC) is a multinational financial services company. It provides banking, investment management, and risk solutions to individuals, businesses, and institutions across more than 35 countries. The company operates through three segments: Consumer Banking, Global Wealth & Investment Management, and Global Markets.

While we acknowledge the potential of BAC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BAC and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 12 Best Mid-Cap Value Stocks to Buy Right Now and 10 Must-Buy US Stocks to Invest In.

Disclosure: None. This article is originally published at Insider Monkey.

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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