Earn 50,000 Alaska Airlines Miles with Your Next Mortgage or Refinance

Here's a neat twist for frequent flyers: you can now earn Alaska Airlines miles just by getting a mortgage or refinancing with Rate.com. It's not every day you get rewarded for borrowing money, so this one's worth a closer look.

Why This Deal Stands Out

Mortgage rewards are pretty rare. Most lenders don't give you anything beyond a handshake. So when Rate.com offers a flat 50,000 Alaska miles for closing a loan, it catches your attention. And it's not one of those 'earn up to' deals where you get a few miles per thousand dollars borrowed. It's a straight lump sum, no matter the loan size.

That's particularly nice if you're refinancing a smaller balance. Even a modest refi could net you the full 50,000 miles, which can be worth around $600–$700 toward flights. For someone with a low remaining balance, that's a solid chunk of value.

The offer was originally supposed to end on December 31, 2025, but it's been extended, and now there's no expiration date listed. So you've got time to plan, but don't wait forever—lenders can pull these promos anytime.

What You Need to Know Before You Apply

First, you can't just apply online and expect the miles to show up. You have to go through the dedicated Alaska Airlines benefit page or call the special phone number. If you apply through the regular Rate.com site, you might miss out.

The miles go to the lead borrower or co-borrower's Alaska Airlines account. So make sure you have an account ready, and it's a good idea to double-check the member number before closing.

Also, be aware that Rate.com is not a partner where you earn Alaska status points. You'll get 50,000 redeemable miles, but no status points. If you're chasing elite status, that could be a bummer, but for most people, the redeemable miles are the real prize.

Finally, this offer can't be applied retroactively. If you already have a loan in process or closed, you're out of luck. And it's not combinable with other promotions—so if you're eyeing a different Rate.com deal, you'll have to pick one.

• Must use dedicated benefit phone number or website
• Miles post within 6-8 weeks after closing
• Only lead borrower or co-borrower gets the miles
• No retroactive applications
• Not valid with other discounts or promotions

The Fine Print and a Word of Caution

The most important thing to remember: don't let the miles cloud your judgment about the actual mortgage. If Rate.com's interest rate or fees are higher than what you can get elsewhere, the miles might not make up the difference. For example, if you end up paying an extra $1,000 in closing costs or a higher rate over the life of the loan, 50,000 miles (worth maybe $600) could be a net loss.

So, before you jump in, shop around. Get quotes from a few lenders and compare the total cost—including APR, points, and fees. If Rate.com is competitive, then the miles are a sweet bonus. If not, you might be better off taking the lower cost and buying your miles outright.

Also, keep in mind that the offer is subject to change. Rate.com reserves the right to cancel it at any time. So if you're serious, don't drag your feet—lock in your application while the promo is still live.

Bottom Line

• 50,000 Alaska miles flat, regardless of loan amount
• Must use dedicated link or phone number to qualify
• Miles post 6-8 weeks after closing
• Compare total loan costs before committing
• No status points earned with this promo

Common Questions