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For the past several weeks, Alaska Mileage Plan has been offering up to a 40% bonus on purchased miles. Given how valuable Mileage Plan miles are, this represented a great opportunity to pick them up for just a bit over two cents each. If you’ve been holding off on taking advantage of this offer, note that it expires tomorrow, Wednesday, February 8, 2017.
This promotion does seem to be targeted, however, so not all accounts will be eligible for the offer.
As a reminder, with this promotion you receive a 40% mileage bonus when you buy at least 15,000 miles in one transaction. To recap all the other important details of buying Alaska miles:
What’s the cost to purchase miles through this promo?
When Alaska sells miles they typically offer a 35-40% bonus, so the 40% bonus is typically as good as it gets. Alaska last offered a bonus on purchased miles late last year, which also maxed out with a 40% bonus.
If you buy miles with a 40% bonus you’ll end up paying ~2.11 cents per mile. If you maxed out the promo, you would receive 84,000 miles for $1,773.75.
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.
Who should buy Alaska miles with a 40% bonus?
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:
- You’re allowed a free stopover, even on a one-way award
- Mileage Plan has generous change & cancellation policies (up until 60 days before departure you can change and redeposit your award for free, and within that timeframe the cost is $125 per person)
- There’s no limit to how many miles you can buy per promotion, so this is great for people just getting started in the hobby (you can buy up to 60,000 miles pre-bonus per transaction, but can make as many transactions as you’d like)
- Alaska has some unique airline partners, like Fiji Airways, Hainan Airlines, Icelandair, etc.
- Alaska miles are especially useful for travel in Cathay Pacific business class, where there are often five business class seats available per flight; the ability to do a “free” stopover in Hong Kong enroute to elsewhere is awesome as well
- Now that American greatly devalued first class redemptions on partner airlines, redeeming Alaska miles for Cathay Pacific first class is the best way to book that award (though do note that Alaska may not have access to all Cathay Pacific seats)
- Alaska now partners with Japan Airlines, so redeeming Alaska miles for JAL first & business class is an exceptional value
- Redemption rates in Emirates business class are still reasonable, which is a great way to get to many regions, including India, Africa, Asia, etc.
To give a few examples of some of the great uses of Mileage Plan miles (all of which allow stopovers on one way awards):
- Cathay Pacific first class from the US to Asia for 70,000 miles
- Cathay Pacific business class from the US to Australia for 60,000 miles
- LAN business class from the US to South America for 45,000 miles
- Hainan business class from the US to Asia for 50,000 miles
- Fiji Airways business class from the US to Australia/New Zealand for 55,000 miles
- Icelandair business class from the US to Europe for 55,000 miles
- Korean Air business class from the US to Southeast Asia for 60,000 miles (roundtrip required)
Alaska miles are the best way to redeem for Cathay Pacific first class
Who can buy Alaska miles?
As long as you’ve been a member of Alaska Mileage Plan for at least 10 days, you can purchase miles during this promotion.
Buying Alaska miles can be a particularly good deal for Australians, so it’s worth looking at the redemption options and seeing if they make sense with your travel plans.
Redeem Alaska miles for Japan Airlines first class
Which credit card should you use?
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 first use a card where you’re meeting minimum spend, and then use a card which maximizes your return on everyday, non-bonused spend, like the Amex EveryDay® Preferred Credit Card, Starwood Preferred Guest® Credit Card from American Express, Barclaycard Arrival Plus™ World Elite Mastercard®, Citi® Double Cash Card, etc.
Redeem Alaska miles for Hainan Airlines business class
While we’ve seen some narrowly targeted bonuses in the past that were higher, a 40% bonus on the purchase of Alaska miles is typically as good as it gets. While Alaska Mileage Plan redemptions for Emirates first class were devalued early last year, there are still tons of other great values to be had, and the recent introduction of Japan Airlines as a partner adds a lot of value to Alaska miles, in my opinion.
While I wouldn’t buy miles without a use in mind, there are so many great uses of Alaska miles. I really can’t overstate how valuable the stopovers on one way award are, not to mention some of the unique airline partners that Alaska has.
So while I wouldn’t completely speculatively buy miles through this offer, with a redemption in mind, I think buying Alaska miles with a 40% bonus can represent a great deal.
Non-Affiliate Product Disclaimer: The information for the AmEx Everyday Preferred has been collected independently by One Mile At A Time. The card details on this page have not been reviewed or provided by the card issuer.