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Until 1st July 2017, you can get (up to) a 40% bonus when buying Alaska Mileage Plan Miles.
The bonus is tiered and gets higher the more Miles you buy:
- 5,000 – 19,000 = 20% bonus
- 20,000 – 29,000 = 30% bonus
- 30,000 – 60,000 = 40% bonus
Alaska Mileage Plan Miles cost a consistent ~£23 ($29.56) per thousand without a bonus.
With the bonuses, your cost per Mile would therefore work out as follows:
- 20% = ~1.91p per Mile
- 30% = ~1.75p per Mile
- 40% = ~1.64p per Mile
If you bought the maximum amount possible in one transaction, you would end up with 84,000 Miles for ~£1,375.
Note that according to the terms, your Alaska Mileage Plan account must have been open for at least 10 days to take advantage of the sale.
Why would I want to buy Alaska Mileage Plan Miles?
Very fair question – it does sound a bit weird!
The short answer is that Alaska Mileage Plan Miles are brilliant.
The slightly longer answer is that the Alaska award chart has some fantastic sweetspots on it, great partners, and some unique features that really help you to stretch the value you can get from your Miles. The most important aspects to understand are that there aren’t any ‘surcharges’ on most partners and that you can (usually) get a free stopover even on one-way awards!
Starting with a relatively simple example, you could buy 50,000 Miles for ~£820 and use them to fly Business Class on American to New York, stopover as long as you like, and then Business Class to the Los Angeles – all on the same ticket!
Using Avios, you would need just under 100,000 and would pay a hefty chunk of ‘surcharges’ on top too!
More exotically, what about flying from New York to Hong Kong in Cathay Pacific First Class (stopping over as long as you like) and then continuing on to Johannesburg in Business Class for 70,000 Miles.
That’s A LOT of luxury flying for~£1148, and could be an amazing redemption if you used it as part of a Round-The-World trip!
I’ve just skimmed the surface here on what you can do with Alaska Miles – they really are great!
That said, I’m not enthusiastic about buying any sort of Miles most of the time, and the price here is good but not amazing.
In some circumstances buying Miles can make sense though, so if you already buy Miles, regularly pay cash for Business/First Class, or are a planning a special trip, you could be well served by getting to know Alaska Mileage Plan a little better!