Last Chance – Buy Alaska Miles for 2.1c a piece

a teddy bear sitting on a window seat in an airplane

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If you’re short on miles…this is a very solid opportunity to fill in the gaps. Alaska is offering a 40% offer on purchased miles, or 2.1 cent per point.

Alaska has incredibly valuable points. The biggest reason? They have a range of International partners that offer incredible business and first class products that you can access redeeming their miles. In fact, their loyalty program lured me away from American a couple years ago, and now I’m enjoying another year as an Alaska elite.

The biggest reason I’ve stayed loyal is the ability to use their points to take amazing flights around the world. I recently reviewed Qantas First Class which was purchased with Alaska Miles, and will be posting another review of Cathay Business and First. Those are some of THE BEST ways to fly across the Pacific, and I did it for pennies on the dollar. The 40% bonus offer ends tomorrow.

Cathay Pacific First Class – 70k Alaska Miles or $1470 purchasing them with a 40% bonus

a seat in a plane

I’d never recommend buying points speculatively, but price it out.

But 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. For instance, I flew to Australia in Qantas First Class for 70k miles. That ticket sells for north of $10k easily, and with points…under $1500

a teddy bear on a bed

You need to buy a minimum of 20k miles for the 40% bonus to kick in.

  • Buy 20k and get 40% bonus
    • *some are targeted for 10k

*Elites can repeat the purchase as many times as you want to fill your account with the desired miles you need. Non-elites are limited to 150k a year.

Unlike some other airlines, if you’re an Alaska will not limit the total amount of miles you can purchase, just the total you can purchase at one time. In this case…60k + 24k bonus.

Alaska also allows you to book in a stopover on Award tickets.

A great perk…you could spend the night at the Intercontinental Hong Kong, a fantastic use of the IHG Free Night Cert from Chase, and Hong Kong is one of my favorite cities in the world.

a large glass building with tables and trees

Here’s a list of some of the best redemptions you can make with Alaska miles

Check out Cathay Biz and First to Africa and Australia – unreal deals.

  • To Asia
    • Cathay Biz is 50k One way
    • Cathy First is 70k One way
    • Japan Biz to Asia is 60k
    • Japan First to Asia is 70k
    • Japan Biz to S.E. Asia is 65k
    • Japan First to S.E. Asia is 75k
  • Europe
    • BA Biz is 60k
    • BA First is 70k
  • Middle East
    • BA Biz is 70k
    • BA First is 80k
    • Cathay Business is 62.5k 
    • Cathay First is 70k
  • Australia – 70k miles to fly First Class from the States to Australia!
    • Qantas Biz is 55k
    • Qantas First is 70k
    • Cathay Biz is 60k
    • Cathay First is 80k
    • Fiji Biz is 55k
  • Africa
    • British Airways Biz is 70k
    • British Airways First is 80k
    • Cathay Biz is 62.5k
    • Cathay First is 70k

A few of my favorite Alaska redemptions

Cathay Pacific First Class for 70k miles.

a man sitting on a chair with his arms raised

Japan Airlines First Class for 80k

a stuffed animal in a chair

Interested? You can go here to purchase with the 40% bonus.

Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

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Affiliate LInk

Chase Sapphire Preferred® Card

The Chase Sapphire Preferred® is a great starter card that earns Premium Ultimate Rewards that can be transferred into over a dozen partners many of which are US based including Hyatt, Southwest, United, IHG, and Marriott.

Welcome Offer

Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. 

Annual Fee


Points Earned

Transferrable Chase Ultimate Rewards

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
    • That’s $750 when you redeem through Chase Travel℠
  • 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, 2024
  • $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.

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