Alaska Airlines is shuffling the deck with its popular Mileage Plan loyalty scheme. In a pitch to customers of both Alaska and Hawaiian Airlines, the carrier is rolling out its new Atmos Rewards plan. What does the new loyalty scheme mean for you?

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.

The new Atmos Rewards Summit card boasts a long list of valuable perks, including a new and highly versatile Global Companion Award benefit, plus 3x back on 'foreign purchases.'