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I am looking at the Alaska Airlines Master Card

And I see:

An annual coach Companion Fare every year from $118 (USD)($99 base fare, plus taxes and fees from $19)

Now let us say I purchase a full fare ticket or I purchase a ticket with accumulated miles on Alaska Air. For my companion, if the ticket cost is 500$ (RT), then can I use the 99 $ towards that 500 and pay the balance 401$ in cash?

Or this is useful only if the total fare is 99$ or less?

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You must buy both tickets in 1 transaction and the purchased ticket cannot be purchased with miles.

You'll pay full price (technically a "paid published coach airfare") for the first ticket and enter in your discount code for the companion fare which will ring up as $99 + fees ($118 in your example).

If the regular price is $500, you'll book 2 tickets for $618 (one fare at $500 and companion fare at $118).

Companion Fare Discount Code Q & A

What is the Companion Fare Discount Code that comes with my credit card?

The Companion Fare Discount Code is offered to holders of the Alaska Airlines Visa Signature® Card, The Platinum Plus® MasterCard® and the Visa® Business Card. This Discount Code entitles the cardholder to purchase one round-trip coach companion fare on Alaska Airlines from $121 (USD) ($99 base fare plus applicable taxes and fees from $22 depending on your Alaska Airlines flight itinerary) when traveling with another passenger on a paid published coach airfare on the same itinerary, booked at the same time. Mileage cannot be used as a form of payment, however mileage credit accrual is allowed for both travelers. Travelers are responsible for all applicable taxes, fees, surcharges and applicable checked baggage fees. The Companion Fare Discount Code is not valid with award travel, and cannot be combined with other discounts.

Source: Alaska Air Companion Fair Q&A

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