Last Chance: Buy Alaska Miles With A 40% Bonus

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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.

Alaska-Bonus

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.

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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.

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:

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Redeeming Alaska miles for Emirates A380 business class is still a great value

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

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.

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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 CardStarwood Preferred Guest® Credit Card from American Express, Barclaycard Arrival Plus™ World Elite MasterCard®Citi® Double Cash Card, etc.

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Redeem Alaska miles for Hainan Airlines business class

Bottom line

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.

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Comments

  1. Strange, just went there to check it out and there was no bonus listed at all. Some extra procedure required to find that? Tried both through your link and going through my own MP account: no dice.

    Is this already dead?

  2. As a lot of people mentioned when Ben posted this article a couple of weeks ago, it is a targeted offer.

  3. Wow, big miss on Ben’s part then not to point out this is only a targeted offer. Not cool to waste everyone’s time this way.

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