We may receive a commission when you use our links. Monkey Miles has partnered with CardRatings for our coverage of credit card products. Monkey Miles and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. We appreciate you using our links!!!
Reminder: Buy Alaska Air miles and get a 40% Bonus. Ends tomorrow!
Just a friendly reminder that Alaska Air’s promotion to buy points and get a 40% bonus ends tomorrow, April 6th. I’ve attached my post from February below for more information and examples of how you can use Alaska Air Mileage Plan miles outside of Alaska flights. If you were to take advantage of this deal you’d be purchasing miles for roughly 2.1¢. A maximum of 60k miles can be purchased, yielding a 24k bonus, and setting you back $1774. I never advise purchasing miles speculatively, but this is a deal certainly worth consideration if you have any interest in taking a trip to Asia, the Middle East, or Europe. I go into more detail below and in this post, but there are a lot of examples whereby purchasing points for a flight instead of the flight itself can save money and put you in a premium cabin.
Check out my post from Feb:
Alaska Air has promotions almost every quarter to buy points. In fact, there seems to be quite a few promotions lately for points purchases: Hilton ran an 80% bonus, IHG a 100% bonus, and now you can buy Alaska Air Miles and get a 40% bonus. This isn’t the best we’ve ever seen from Alaska, that’s 50%, but it’s 2nd best and a very good deal. I just wrote a Monday Memo about different situations where purchasing points can be a good idea, but let’s focus in on Alaska and some of their amazing opportunities.
Here’s a look at the deal:
The offer is tiered:
In my opinion I wouldn’t go for the deal without securing a 40% bonus. If you don’t need that many miles or don’t wish to spend the cash to purchase at that bonus level I’d wait. Another deal will come around later this year that could possibly afford you the opportunity to buy fewer miles and still get a good bonus.
60k + 24k would set you back $1773.75 or roughly 2.1 cents per point
Enough with the boring stuff. What are some cool things I could do with the points?
Here are the Alaska charts for redeeming awards on Cathay Pacific, Japan Airlines, and American Airlines from the Continental U.S. to Asia
70k Alaska would put you in Japan Airlines first class.
Japan Airlines First Class is truly incredible. They serve super expensive champagne, the seats are YUUUUUUGE, they put mattress pads down, and the service COULD NOT be better. These tickets go for $10k+. This is a prime example of using points to purchase a flight for significantly less money.
Cathay has one of the best reviewed business class products in the sky. I’m hoping to fly them again soon as my experience wasn’t “superb”, but I also recognized that I’m an outlier. For a little over $1000 you could purchase points to fly one way. A fantastic deal, IMO!
And Alaska still has prices that match the old AA chart for Asia. So 62.5k puts you in their biz.
I’ve reviewed AA’s 777-300ER reverse herringbone business class many times and really enjoy it. While I’m not sure I’d spend the extra points to fly it over Cathay, it provides more opportunities for redemption in a very nice product.
I used Asia as an example, but there are other great spots in Alaska’s chart. In fact, Alaska still prices business and first class awards to Europe on AA metal at 50k and 62.5k. That’s a big savings compared to AA prices of 57.5 and 85k, and it’s their metal! There is another sweet spot on flights from the U.S. to the Middle East…
I wouldn’t advise buying points for the sake of it. As we saw last year with the Emirates devaluation, point values can erode very quickly. But if you have a trip in mind, see the availability, and these points would help you reach your goals…this is a very good offer and price to make it happen!
Monkey Miles has partnered with CardRatings for our coverage of credit card products. Monkey Miles and CardRatings may receive a commission from card issuers
A Monkey Miles favorite for beginners and point pros alike because it earns 3-5x on select categories + Enjoy 5x on groceries up to $12k a year + $200/20k welcome bonus and no annual fee!
♥ Earn 20k Bonus Points or $200 after $500 Spend in 3 months
♥5x on travel booked with Chase Travel, 5x on rotating quarterly categories ( capped at $1500 per quarter )
♥5x on grocery stores, up to $12k ( no Target/WalMart) on your first 12 months of cardmembership
♥3x on all dining and qualifying delivery apps
♥0% interest on new purchases for 15 months