We may receive a commission when you use our links. Monkey Miles is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com and CardRatings. This relationship may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Monkey Miles is also a Senior Advisor to Bilt Rewards. Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Buy Alaska Miles and get up to a 60% bonus
I’m a big fan of Alaska Airlines, carry Elite status, and think they offer one of the most valuable airline miles. That doesn’t mean it’s worth speculatively buying them, but when the bonus is high, and you have a need to shore up your account, it can be an opportune time to strike.
A little history: 70% has been the best public offer, and over the past few years that offer has popped up a few times. We see 60% bonus quite frequently, and this current offer is similar to one they presented a few years ago that allows you to buy today with up to a 60% bonus, and then a 70% bonus later in the year. Only those who buy now will have access to the 70% offer later ( so they say ).
I will note that we saw a 70% bonus in March of this year without the special trigger, so take that how you will. Alaska also changed their award chart March 1st, and have had some bad press, so they’ve been selling points with larger bonuses ever since.
The biggest reason you want to consider buying Alaska Miles is to use them for to fly expensive business and first class flights redemptions at a fraction of the cost. Most of you already know about this strategy, but keep reading as I explain what I’m talking about in more detail.
Only buy if you foresee a good use for them in the near future.
Buy Here, up to 60% bonus ( 1.72 c per point )
The offer is tiered depending on how many you purchase.
In October per the terms, you’ll have access to a 70% bonus on purchased Alaska Miles
100k with a 70k bonus ( 1.61c per point ) In a single purchase looks like this:
- I will note that you are limited to 100k + 70k purchases in a single purchase, and how many purchases you can make is dependent on your elite status.
If you have elite status with Alaska Airlines, you can repeat the purchase as many times as you want to fill your account with the desired miles you need.
Unlike some other airlines, Alaska will not limit the total amount of miles you can purchase for their elites, just the total you can purchase at one time. If you don’t have Elite status, you are limited to 150k miles per year whether those are bought or gifted to you. ( This does not include bonus points, so you’d be limited to buying 160k total with a a 60% bonus. I would split them into two purchases:
How long do Alaska miles take to populate your account
Most of the time, they populate instantaneously. However, don’t count on it. I wrote an entire post dedicated to my issue with this, and the miles took a little over 24 hours to end up in my account. It could end up longer.
Alaska Airlines is a part of One World
In 2020 Alaska Airlines announced that they were joining One World. This became official on March 31st, 2021. There is also improved benefits when flying domestically on American, including upgrades for Elites, lounge access, etc. In my opinion, it’s never been better to have Alaska Elite Status. Read the in depth break down here.
Again. I’d never recommend buying points speculatively, but price it out. Miles…do you buy Alaska Miles? Yes, we have!
When offers come up to get valuable points at a discount, I always think it’s worth considering when planning a trip. Often times simply buying points can result in a cheaper out of pocket cost than just buying the flights outright.
Alaska also allows you to book in a stopover on Award tickets.
I used the stopover to spend 3 nights in Hong Kong at the Grand Hyatt Hong Kong – booked with Prive benefits.
We flew on their A350 from BNE to HKG and then HKG to LAX aboard Cathay Pacific First Class. Cathay’s Business Class is a wonderful product featuring reverse herringbone, cirrus seating that is amongst the tops in the world.
Here are the Alaska Award Charts
Interested? You can go here to purchase.
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Chase Sapphire Preferred® Card
Welcome Offer
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
Annual Fee
$95
Points Earned
Transferrable Chase Ultimate Rewards
- 5x on all travel purchased through Chase Travel℠
- 3x on dining, including eligible delivery services for takeout & dining out
- 3x on select streaming services
- 3x on online grocery purchases
- (excluding Target, Walmart and wholesale clubs)
- $50 Annual Chase Travel Hotel Credit via Chase Travel℠
- The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
- 2x on all other travel
- 10% Anniversary Bonus
- Every year you keep the card, your total spend will yield a 10% points bonus. If you spend $10k in a year, you’ll get 1k bonus points
- Chase Sapphire Preferred continues to redeem at 1.25c in the Chase Travel℠ and the slew of other benefits remain in tact including Auto Rental Collision Damage Waiver ( primary ), purchase protections, etc.
- Points are transferrable to 14 Ultimate Rewards partners
- Redeem in Chase Travel℠ for 1.25 cents per point
- No foreign transaction fees
- Suite of Travel and Purchase Coverage
- Auto Rental Collision Damage Waiver is my favorite
- Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
- $95 Annual Fee
We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.
Historically 80k is a very, very good offer and hit in both 2022 and 2023. In 2021, we saw the offer hit an all time high of 100k. Who knows if that will ever come back.
Main Cast:
Cards that earn flexible points and should be used on the bulk of your purchases.
Supporting Cast:
Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on.
The Chase Sapphire Preferred® is exceptional starter card and offers transferrable Ultimate Rewards, and pairs well with other Chase cards.
If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex® and Chase Freedom Unlimited® or the business versions: Ink Business Cash® , Ink Business Unlimited® you can combine the points into Preferred account and transfer into hotel and airline partners
Annual fee is quite low at $95 a year + you get a 10% anniversary bonus on points + $50 hotel credit in Chase travel.
The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved, or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.