Aegean Offering 50% Bonus On Purchased Miles

Filed Under: Aegean, Great Deals
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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 in late 2017, when Aegean started allowing online award bookings.

Aegean has started to get aggressive with offering bonuses on purchased miles, though they don’t do so as frequently as some other programs. For example, last year we saw them offer anywhere from a 40% to 100% bonus on purchased miles. Meanwhile this year the biggest bonus I recall seeing is 40%… until now.

Aegean has just introduced their latest promotion on purchased miles.

Through Thursday, August 8, 2019, Aegean is offering up to a 50% bonus when you purchase miles (you have to log into your Miles+Bonus account to see this offer). You qualify for this bonus as long as you buy at least 2,000 miles in one transaction (pre-bonus).

This has the potential to be a good deal, though obviously it’s not quite as good when they offered a 100% bonus last year.

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.

Ordinarily Aegean charges 25EUR per 1,000 miles that you purchase. That means that if you had some activity and maxed out this promotion you could buy a total of 75,000 miles (including the 25,000 bonus miles) at a cost of 1,250EUR (~1,390USD), which is a cost of about ~1.85 cents (in USD) per mile.

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 points 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 ~1.98 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 Aegean’s 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

Bottom line

Aegean Miles+Bonus is an excellent frequent flyer program, and buying miles with them can make a lot of sense. While we have seen bigger bonuses on purchased miles in the past, this is the best promotion we’ve seen this year, as far as I know.

Does anyone plan on taking advantage of this Aegean promotion?

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Comments
  1. For everyone who reads this, Dont spread the word! Aegean has one of the last few good charts and remains the easiest way to get star gold. Lets keep within our road warrior community 🙂

  2. @Lucky, you should mention that the yearly purchase restrictions are based on the membership year and not a calendar year (unless things have changed recently). So, if your membership year resets July 31, you’ll already be in your new year and you won’t be able to purchase more miles, assuming you go up to the limit this time, until July 31, 2020.

  3. Aegean is a great airline and overall it has an attractive mileage program. But be careful: earning miles with an Aegean card is getting more difficult with each year. For example, the majority of Lufthansa/Swiss/Austrian economy class fares earn 0 miles these days. Even discounted Lufthansa business class tickets (e.g. P class) – some costing more than 4000 USD- earn 0 miles with an Aegean card. Air China, LOT, and many other have greatly reduced the miles they credit to an Aegean card.

  4. I haven’t had any ‘activity’ other than my card being updated, since 2014, but was still offered the 50,000 miles.
    Something else to note, award miles do not expire, unlike *A LifeMiles which expire after 12 month if no (restricted band of) activity.

  5. One thing to note is the restriction that reward tickets can not have more than one connection.
    I had used Aegean miles for my flights SFO-YYZ-YHZ-YDF on AC and had to purchase the YHZ-YDF segment separately even though award space was available.

    Don’t know if this restriction is specific to awards within North America or applies to all routes.

  6. I wouldn’t consider them to be as generous as you seem to believe. For one, it is not so easy to get status with them as it once was. Especially if you don’t fly with them. If you don’t fly with them, it would take 72.000 miles to get gold. (and it is valid for 1 year) Even Senator with Miles&More is 100.000 and lasts for two years. (Plus you earn mileage on their many fares on LH group that earn 0 in other programmes) And for redemptions, they are very strict with their ‘1 connection per direction’ policy. And if you do fly with them, they do not treat Gold members particularly well. You still have to pay if you want an emergency exit row or even one of the seats towards the front of economy. There are many better programmes out there than Aegean’s.

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