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A surprise Alaska 50% bonus promotion is underway right now, where members can purchase miles with up to 50% bonus. The current promotion of up to 50% bonus is applicable on minimum purchase of 30K miles, on transactions completed by December 23, 2020.
ALASKA MILEAGE PLAN – UP TO 50% BONUS MILES
This promotion is tiered with 40% bonus on purchase of up to 29k miles. Minimum purchase of 30K miles is required for the 50% bonus. The bonus tiers look like this;
- Buy 3,000 – 29,000 miles, get a 40% bonus
- Buy 30,000 – 100,000 miles, get a 50% bonus
With a 50% bonus, this promotion yields 1.83 cents per mile – a decent value. Note that Alaska MileagePlan has has 60% bonus promotions in the past, which yield 1.72 cents per mile. The current promotion can be maximized by purchasing 100K miles, for a total of 150,000 Alaska miles;
Recall that Alaska airlines will not be joining OneWorld alliance until March 31, 2021, which means a window to leverage the sweet spots in the program. In its current state, Alaska miles are one of the most valuable airlines currency in the market and come with great airline partners and routing sweet spots (including stopover on on-way awards) – couple of examples;
- Cathay Pacific from North America to Asia (Cathay Pacific Business Class on 777-300ER review 2018), o/w for 30K/35K/50K/70K across all cabins
- Fiji Airways (no first class) and Qantas from North America to Australia, o/w for 55k in Business or 70K in First Class
- American Airlines from North America to Europe, o/w for 22.5K/57.5K across Econ and Business
If you plan on purchasing miles, I recommend using them in a short turnaround, because there is a good chance we see some devaluations as the generous Alaska MileagePlan joins OneWorld.
Additional Terms and Conditions of the promotion
Transactions must be completed between 6:00 AM PST November 13, 2020 and 11:59 PM PST December 23, 2020 to be eligible for bonus miles.
Miles are purchased from Points.com Inc. for a cost of $27.50 per 1,000 miles, plus GST/HST for Canadian residents. QST will be charged to Quebec residents.
Miles are non-refundable and do not count toward MVP and MVP/Gold status.
You may purchase and gift Alaska Airlines Mileage Plan miles in increments of 1,000 miles up to 60,000 miles, and in increments of 5,000 miles up to a maximum of 100,000 miles per transaction.
MVP, MVP Gold and MVP Gold 75K Mileage Plan member (Elite Member) accounts have no annual limit on the number of miles which may be purchased or gifted through Points.com. If you are not an Elite Member, your account may only be credited up to a maximum total of 150,000 miles acquired through Points.com in a calendar year, whether purchased by you or gifted to you.
Offer is subject to change and all terms and conditions of the Mileage Plan Program apply.