Earlier I wrote about how Aegean’s Miles+Bonus program is now allowing online Star Alliance award bookings, which is a nice development for those who have miles with them. While the best way to collect Aegean miles is to credit Star Alliance flights to their program, it looks like they’re also getting into selling miles.
Through December 27, 2017, Aegean is offering up to a 40% bonus when you purchase miles (you have to log into your Miles+Bonus account to see this offer).
Ordinarily Aegean charges 25EUR per 1,000 miles, though through this promotion you can receive:
- A 20% bonus when you buy 1,000-2,000 miles
- A 25% bonus when you buy 3,000-10,000 miles
- A 30% bonus when you buy 11,000-20,000 miles
- A 40% bonus when you buy 21,000-50,000 miles
For example, if you maxed out this promotion you could buy a total of 70,000 miles (including the 20,000 bonus miles) at a cost of 1,250EUR (~1,471USD), which is a cost of about 2.1 cents (in USD) per mile. That’s not cheap, though it’s definitely a potentially attractive price, given Aegean’s award redemption rates.
As a reminder, here’s their Star Alliance award chart, with roundtrip prices listed (you can fly one-way for half the cost of a roundtrip):
For example, you can redeem just 75,000 miles for a one-way first class ticket between Africa and the US on Lufthansa, so it could make sense to buy miles (at least for the purposes of topping off an account) at that price. Do note that Aegean charges the standard carrier imposed surcharges, though.
While this isn’t for everyone, this has the potential to be a decent deal, and I’d certainly love to see them offer a 50%+ bonus on purchased miles in the future.
(Tip of the hat to Running With Miles)