Last Chance: Buy Alaska Miles With A 40% Bonus

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In terms of the value per point, the single mileage currency I value most is Alaska Mileage Plan. Since late August, Alaska has been offering up to a 40% bonus on the purchase of Mileage Plan miles. This post is a reminder that this promotion is only valid through tomorrow, Tuesday, October 6, 2015. So this is your last chance to buy Alaska miles with a 40% bonus.

Alaska-Fall-40

Through this promotion the bonuses are tiered, meaning the more miles you buy, the bigger the bonus you get, as follows:

  • Buy 10,000 – 19,000 miles: get a 20% Bonus
  • Buy 20,000 – 39,000 miles: get a 30% Bonus
  • Buy 40,000 miles: get a 40% bonus

You can purchase up to 40,000 miles in one transaction, so if you purchase the maximum allowed 40,000 miles you’d get a 40% bonus, for a grand total of 56,000 Mileage Plan miles.

At a cost of $1,182.50 including tax, that comes out to ~2.11 cents per mile (which is a good price).

Emirates-First-Class - 31
Redeem Alaska miles for Emirates first class

Why you should buy Alaska miles

A while back I wrote a post entitled “6 Reasons Buying Alaska Miles Is A Good Deal.” Check out that post for full details, though just to summarize, here’s what makes Mileage Plan so unique:

Cathay-Pacific-Business-Class-A330-40
Redeem Alaska miles for Cathay Pacific business class

Which credit card should you buy miles with?

Alaska mileage purchases are processed by points.com, so wouldn’t count as airfare for the purposes of credit card spend. Therefore you’ll want to use a credit card which maximizes your return on everyday spend, like the Amex EveryDay® Preferred Credit Card or Starwood Preferred Guest® Business Card from American Express.

Bottom line

Historically Alaska offers a bonus on the purchase of miles four times per year — typically they offer a 35% bonus twice per year and then a 40% bonus twice per year. So it could very well be another six (or so) months before Alaska offers another 40% bonus on the purchase of miles.

While ~2.1 cents per mile might not sound that cheap, Alaska Mileage Plan is such a unique and lucrative program that I consider it to be a very good deal.

If you haven’t yet taken advantage of the 40% bonus on the purchase of Alaska miles, this is your last chance to do so.

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Comments

  1. I’m based in Europe. It seems like I can use Alaska for travel on Cathay Europe>HKG. But can I origin in Europe?

  2. Is one allowed to use European credit cards for such a purchase?
    I failed to purchaes lifemiles, i even tried with their call center, and their server simply doesn’t accept my cards.
    Now same story with Alaska. My purchase was declined.

  3. Am based in Asia. Just spent half an hour looking for award flights to various destinations to Europe from Feb – April 2016 but nothing available! Pointless.

  4. …also when booking a flight with 1 stop or more, the travel is split into different classes – e.g. 1st sector on Economy, 2nd sector in First, and the 3rd sector in First. Doesn’t seem very consistent.

  5. I tried to purchase miles but it says “the mileage account you specified is not eligible to purchase miles.”

    Is this because I just signed up with them?

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