Your Last Chance To Buy Alaska Miles With A 40% Bonus

Update: This offer for the Starwood Preferred Guest® Credit Card from American Express has expired. Learn more about the current offers here.


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Since mid-January, Alaska Mileage Plan has been offering a bonus on purchased miles. I consider Alaska Mileage Plan miles to be one of the most valuable mileage currencies out there, so with a specific use in mind I think buying Alaska miles can be a great deal.

If you’ve been considering buying Alaska Mileage Plan miles under the current promotion, the clock is ticking. Alaska’s current bonus on purchased miles ends in just a couple of days, on Wednesday, February 7, 2018. While you need to log-in to see the bonus, the promotion for most people seems to be for a 40% bonus when you buy at least 20,000 miles in one transaction.

What’s the cost to purchase miles through this promo?

Historically Alaska Mileage Plan seems to offer anywhere between 35% and 50% bonuses on purchased miles, so this is right in the middle (the most recent promotion they had was in December, when they also offered up to 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.

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?

In the past 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:


Redeeming Alaska miles for Emirates 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):


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.


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 Starwood Preferred Guest® Credit Card from American ExpressCiti® Double Cash Card, etc.


Redeem Alaska miles for Hainan Airlines business class

One way to buy Alaska Mileage Plan miles for even less

Through March 16, 2018, Starwood is offering up to a 35% discount on the purchase of Starpoints. This is an opportunity to purchase Starpoints for as little as 2.275 cents each. Starpoints convert into Alaska miles at a 1:1 ratio, and you get a 5,000 point bonus for every 20,000 points transferred, meaning that you can acquire Alaska miles this way for as little as 1.82 cents each.

What’s the catch? Starpoints don’t convert into Alaska Miles instantly, meaning that it could take a couple of weeks until you actually have Alaska miles. Furthermore, you’re limited to purchasing 30,000 Starpoints per account per calendar year, meaning that the only way to achieve the cost of 1.82 cents per Alaska mile is to purchase exactly 20,000 Starpoints, as that would convert into 25,000 Alaska miles (you only get the 5,000 point bonus when converting in 20,000 point increments).

See my previous post for full details on this promotion.

Bottom line

This is your last chance to buy Alaska miles with the current 40% bonus. While it won’t be for everyone, Alaska Mileage Plan is one of the most popular points currencies out there for buying points, and for good reason. They have great partners, lucrative redemption rates, and allow stopovers on one-way awards. Just keep in mind that SPG is also selling points for 35% off, which could also represent a great deal.

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Comments

  1. What is the best value to get me near Abu Dhabi using Alaska Miles?

    I transferred some Starpoints to Alaska Mileage Plan a couple weeks ago. I submitted the transfer on a Friday night and the points were in my Alaska account the next day Saturday (within 24 hours).

  2. I am waiting for my annual target 50% bonus offer. I bought 300k miles each of the past 3 years I may also buy 20k SPG using my AX SPG card.

  3. Gosh remember the old EK values. That was a steal. I went around the world twice F using AS miles. I find now JAL miles exceptional value with tons of seats.

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