Aegean’s Miles+Bonus program is one of the most lucrative Star Alliance award programs in terms of the ease with which you can earn elite status, and also in terms of their redemption costs. The catch is that the program can be complicated, though that was improved late last year when Aegean started allowing online award bookings.
Late last year we saw Aegean sell miles with up to a 40% bonus, and then earlier this year we saw them sell miles with up to a 50% bonus a couple of times. Now they’re back with an even better promotion, by a long shot.
Through Saturday, November 24, 2018, Aegean is offering up to a 100% bonus when you purchase miles (you have to log into your Miles+Bonus account to see this offer).
This is a seriously incredible offer. In the past the best they offered was a 50% bonus, but now they’re offering a 100% bonus.
Ordinarily Aegean charges 25EUR per 1,000 miles, though through this promotion you can receive a 100% bonus, no matter how many miles you buy (in the past there have been minimums required to max out the promotion).
The number of Aegean miles you can buy per year ranges from 30,000 to 50,000 pre-bonus. If you haven’t had any activity on your account in the past year you’re limited to 30,000, while otherwise you can buy up to 50,000 pre-bonus.
For example, if you had some activity and maxed out this promotion you could buy a total of 100,000 miles (including the 50,000 bonus miles) at a cost of 1,250EUR (~1,425USD), which is a cost of about ~1.43 cents (in USD) per mile. That’s a pretty amazing price.
I believe Aegean processes mileage purchases directly, meaning that buying miles with them should qualify as airfare spend. Therefore you’ll want to consider using one of the following cards for your purchase, since they offer the following bonus miles for airfare spend:
|Card||Points earned on airfare spend|
|The Platinum Card® from American Express||5x Membership Rewards points per dollar spent|
|Citi Prestige Card||5x ThankYou points per dollar spent|
|American Express® Gold Card||3x Membership Rewards points per dollar spent|
|Chase Sapphire Reserve®||3x Ultimate Rewards points per dollar spent|
|Citi Premier℠ Card||3x ThankYou points per dollar spent|
|Chase Sapphire Preferred® Card||2x Ultimate Rewards points per dollar spent|
So while the cost to purchase Aegean miles with this promotion is ~1.45 cents per mile, you can potentially get an even better value if you pay with a card like The Platinum Card® from American Express , since you’d earn 5x Membership Rewards points. I value those points at 1.7 cents each, so to me that’s the equivalent of an additional 8.5% return.
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. Do note that Aegean charges the standard carrier imposed surcharges, though.
Redeeming Aegean miles for Lufthansa first class is a great deal
Usually I’m not for speculatively buying miles at a discount, but in this case I’m seriously tempted, given how much better this offer is than anything else we’ve seen from them.
Does anyone plan on taking advantage of this excellent Aegean promotion?
(Tip of the hat to YHBU)