Need help completing minimum spend? It's your last chance to get the CIBC AC Conversion Card, which you can load with Visa and MasterCard to earn lots of points! Applying for the card is free. For more details, check out my post.
If you travel often and need to buy miles, Alaska would be one of the better currencies to purchase. Alaska Airlines MileagePlan currently has a promotion for buying miles where you can earn up to a 50% bonus on purchased miles. This ends this Thursday, October 5th. The bonus percentage is targeted, and may a be 35%, 40% or 50% bonus. Check here to see if you are targeted for this offer.
Buy Alaska Miles – Up to a 50% Bonus
My account was targeted for the 50% bonus which I’d get by purchasing 40,000 miles or more. Alaska miles cost 2.75 cents apiece normally. The cost of each mile with a 50% bonus is 1.97 cents. If you are located in Canada, be sure to avoid GST/HST by using a non-Canadian billing address. If you need help with that, please shoot me a note.
What’s also great with this promotion is there is no limit on the miles you can buy. If you need more than 90,000, simply make multiple transactions.
Why Should You Buy Miles?
If you need additional Alaska miles quickly, I recommend buying miles during this promotion. After your make a purchase, the miles should be in your account within 48-72 hours. You are also able to earn Alaska miles through credit cards:
- Starwood Preferred Guest Credit Card: 30,000 Alaska Miles (With Transfer)
- Starwood Preferred Guest Business Credit Card: 30,000 Alaska Miles
- MBNA Alaska World Elite MasterCard: 25,000 Miles
However, you can’t get these bonuses quickly. First, SPG points only post into your account every statement cycle. It also takes time to transfer the points to Alaska. Furthermore, you can’t hold multiple MBNA Alaska MasterCards anymore so it’s more difficult to quickly apply for a card and get the welcome bonus.
One of the best values to redeem Alaska miles is with premium international airline partners in business or first class. With most redemptions, Alaska requires far fewer miles to book an award in comparison with Aeroplan, or other mileage currencies.
This is true whether it’s to South America with LATAM, Europe with American Airlines, Asia with Cathay Pacific or JAL, and Australia with Qantas. Alaska allows stopovers even with one-way awards, which lets you maximize your itineraries even more.
For example, Cathay Pacific First Class from New York to Singapore, with a stopover in Hong Kong, is only 70,000 miles. If you buy 70,500 miles (47,000 + 23,500 Bonus), this will cost you $1389.44. A retail ticket for the same route would run you over $10,000, so there are huge savings to be had even if your budget is only for business or premium economy.