Last Chance: Buy Alaska Miles With Up To A 50% Bonus

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As I first wrote about in early May, Alaska Mileage Plan is presently offering their biggest ever bonus on purchased miles. I figured I’d post a reminder about this, since Alaska’s 50% bonus on purchased miles expires tomorrow, Monday, June 13, 2016. I’d note that the offer is technically targeted, though in practice many accounts seem to be eligible for the offer.

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Details of Alaska’s 50% bonus on purchased miles

If you are eligible for the offer, the bonus is tiered, as follows:

  • Buy 10,000-19,000 miles, get a 20% bonus
  • Buy 20,000-49,000 miles, get a 35% bonus
  • Buy 50,000-60,000 miles, get a 50% bonus

If you buy miles with a 50% bonus you’ll end up paying ~1.97 cents per mile, which is pretty darn good. For example, 75,000 miles will cost you $1,478.13.

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While the maximum number of miles you can purchase per transaction is 60,000 pre-bonus, you can buy as many sets of miles as you’d like. So you could buy a million miles if you wanted to, for example.

Alaska mileage purchases are processed by points.com, meaning they don’t count as airfare spend for the purposes of your credit card. If you buy miles you’ll want to use a card which maximizes your return on everyday, non-bonused spend, like the Amex EveryDay® Preferred Credit CardChase Freedom Unlimited Card, Starwood Preferred Guest® Credit Card from American Express, etc.

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Redeem Alaska miles for Hainan Airlines business class

Why you should buy Alaska miles for under two cents each

Last year 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 are some of the things which make Mileage Plan miles so valuable:

Emirates-Business-Class
Redeeming Alaska miles for Emirates A380 business class is a great value

Examples of great uses of Mileage Plan miles

To give a few examples of some of the great uses of Mileage Plan miles (all of which allow stopovers on one way awards):

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Alaska miles are the best way to redeem for Cathay Pacific first class

Bottom line

On a per mile basis, Alaska Mileage Plan miles remain the single most valuable mileage currency out there. We’ve never seen a better offer on the purchase of Mileage Plan miles than this, so this is a great opportunity if you’d have a use for these miles.

Mileage Plan miles are especially valuable since you can buy as many as you want, and also because you can do a stopover on a one-way award, which very few frequent flyer programs allow. Buying 70,000 miles for a redemption in Cathay Pacific first class to anywhere in Asia, the Middle East, or India, for under $1,400 and getting a stopover in Hong Kong in the process is tough to beat.

There are lots of other good values as well, like travel to Asia on Hainan with a stopover in Beijing, travel to New Zealand on Fiji Airways with a stopover in Fiji, etc.

Do you plan on purchasing Alaska miles with up to a 50% bonus before the offer expires?


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Comments

  1. Hey Lucky,

    since MP allows stopovers on one way award, can you book PVG-HKG(Stopover)-PEK as a one way wth CX or does it count as a r/t

  2. Lucky, is there something wrong with Alaska/Points.com login page? It keeps rejecting my login credentials and keeps saying my login is incorrect.

  3. Or people can apply for a biz and personal AS credit card for 60k miles and statement credits through non-blogger links

  4. Still not disclosing that you earn a referral bonus for buying miles? It’s there for credit cards, not this.

  5. I tried to reserve a Taipei(TPE) – Johannesburg, (JNB) one way business class ticket on cathay pacific. However the Alaska airline adviced that they will not be able to offer a connecting flight from taipei to HKG, much less a free stopover in HKG. I will have to buy the tpe-hkg sector myself. What gives???

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