Alaska Airlines has finally launched its first premium credit card, the Atmos Rewards Summit Visa Infinite, co-branded with Bank of America. The card, announced in March, offers rewards through the new Atmos Rewards loyalty program, access to Alaska Lounges and other benefits.

Alaska Airlines is getting into the industry's race for high-end credit cards and creating a combined frequent flyer program, called Atmos Rewards, with Hawaiian Airlines, which it acquired last year.

In what Alaska calls an industry first, flyers starting later next year will choose from one of three options to earn points for award travel.