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Alaska Airlines is giving a 40% bonus to the first 2,500 members who buy 10,000 Alaska miles. If it lasts that long without the maximum being purchased, the offer will end at 11:59pm on May 3.
We periodically see 40% bonuses on buying Alaska miles, but this is the first time that the bonus has been offered on such a small purchase amount. This makes it especially appealing for those looking to top off an account for a redemption.
While each purchase is only going to get you a total of 14,000 Alaska miles, the good news is that you aren’t limited to just one 14,000-point purchase. The fine print shows that “a maximum of 5 transactions is allowed per member.” So, this offer isn’t just perfect for those looking to top off their account, but also those looking to stock up on as many as 70,000 Alaska miles.
Keep in mind that your purchase will be processed by Points.com — not Alaska. So, you won’t earn bonus rewards for using a card with airline spending as a bonus category. That means you should use a card that offers a solid return on non-bonus, everyday spend, such as the Chase Freedom Unlimited Card or the Starwood Preferred Guest Card from American Express.
Is It Worth It?
In his latest valuations, The Points Guy values Alaska miles at 1.9 cents apiece. This promotion only brings the cost down to 2.11 cents per mile. However, Alaska miles can provide outstanding value for certain redemptions — which will make this 2.11-cent purchase rate a steal.
If you’re starting from scratch, here’s what70,000 miles can get you:
Or, you can pair a purchase of 70,000 miles with the 30,000-mile bonus you can get from the Alaska Airlines Visa Signature card to get these 100,000-mile redemptions:
Of course, no post about premium-cabin award redemptions would be complete without the caveat that award availability can sometimes be very hard to find. Unfortunately, Alaska Airlines doesn’t allow holds on award tickets, so you won’t be able to hold award seats while a mileage purchase goes through. Make sure you have enough flexibility with your travels — or a backup plan for the miles — before making a large purchase of miles.
Bottom Line
Whether you’re looking to top off your account for a redemption or stock up on Alaska miles, this offer presents an appealing rate for picking up between 14,000 and 70,000 Alaska miles. If you’re interested, make sure to make your purchase before the 2,500 slots are taken up.
Source: thepointsguy.com