Best Ever: Aegean Offering 100% Bonus On Purchased Miles

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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:

CardPoints earned on airfare spend
The Platinum Card® from American Express5x Membership Rewards points per dollar spent
Citi Prestige Card5x ThankYou points per dollar spent
American Express® Gold Card3x Membership Rewards points per dollar spent
Chase Sapphire Reserve®3x Ultimate Rewards points per dollar spent
Citi Premier℠ Card3x ThankYou points per dollar spent
Chase Sapphire Preferred® Card2x 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)

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Comments

  1. Friday is actually November 23rd.
    How’s their availability compared to other n.a. carriers or even life miles?

  2. There is a restriction of 1 connection only per award. This makes it much harder to find availability. Surcharges can be $700-$900 on a Europe-US return business class…not really a bargain here…

  3. Thought I was going to fly business for the first time on my upcoming trip from Europe to Asia until

    “It is clarified that Members that haven’t registered at least one flight on their Miles+Bonus account, are eligible to purchase up to 30,000 Award miles.”

    Damn…

  4. Some questions:

    1. I joined Miles+Bonus in Sept 18 and haven’t learned the in’s and out’s. So, what are the differences between award miles and tier miles? Is one a complete subset of the other?

    2. Marios mentioned “restriction of 1 connection only per award”–does this mean 1 stopover?

    3. Are open-jaws allowed? If yes, they are just two one-ways, correct?

    4. What are sweet spots of this program? What are the dark spots?

    Thanks very much. Happy Thanksgiving and happy shopping!!!

  5. Would you still speculatively buy if the max for the promotion is 30k (+30k bonus). That would put me at 62k.

  6. which promotion do you think is better: Aegan or Lifemiles? Thinking about speculatively buying some for future Star A redemptions, but was wondering which one to buy is better. Cheers!

  7. Still a lot of work before this program becomes competitive with UA or even LM. Too many conditions, especially the need to do one Aegean revenue flight before you can buy more than 30,000 miles. A total dealbreaker for nearly everyone.

  8. Looks like a good offer. The minimum requirement is no problem at all for Europeans. Availability looks good.

  9. Tempting, but details about the frequent flyer program itself are still mostly unclear (like how is award space availability like). That said I’d stick to LifeMiles if I were into any (speculative) miles purchases.

  10. Through Aegen miles there is no stopovers, you can have one connection or 2 flights maximum. For example, JAX to EWR to FRA, but not further.

    Lets say you need to get to a Star Alliance hub, then to a European Hub and then to another city, it cannot be done.

    No way to get to a greek island from any city in the US unless you can fly straight to Athens (this means the single United flight from EWR). Limited usage possibilities, not worth buying these miles…

  11. Took advantage of this offer bought 56k mile for myself and 56k for my parrner, good for ow J Europe – Asia.
    Value is even better than LifeMiles, thanks Lucky.

  12. Mmmm 200000 miles from Australia to Europe in economy , plus surcharges = close to $2000 AUD…… Qatar offering flights for closer to $1200AUD

  13. I’ve bought 4,000 miles (+ bonus) to get to 90,000 miles – that was 100 euros. Then I redeemed for a return flight from YYZ to ATH in business for 130 euros in surcharges (going through AMS and LHR, respectively).

    I agree that Aegean’s booking system is not the greatest but if you have flexibility with dates – it works.

  14. All,

    I’ve bought enough miles to have 60k (round trip in first class from EU to USA).

    I can only find Economy class showing in the online tool. Anyone else seen the same issue?

  15. 60K is one way for sure
    Good luck finding ANY F Award Space with A3.

    Anyway, I always get the error message:

    Your authentication could not be completed because of a system error. If this happens consistantly, please contact your CSR.

    Used my Lufthansa Credit Card. Never had problems.
    Any idea?

  16. @Ryyan and @Roberto – if the site shows only economy flights, it means business class is not available on the selected date. It took me awhile, but eventually I found business class availability.

  17. Thanks Constantine. I will keep looking.

    I am looking to book soon 🙂

    In your mind, inventory matches say United.com?

  18. I bought the 30K miles on November 24, and still only 32k show in my account, has anyone else had problem receiving the bonus? thanks Josh.

  19. Josh, the bonus posted immediately for me. I would contact support.

    Constantine, thank you.
    I’ve noticed the same. Aegean has less inventory than other SA partners. I still see some good value but haven’t redeemed yet. Looking for something a little better, hopefully availability will open.

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