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Alaska’s offering a limited-time flash sale on purchased Mileage Plan miles. If you’re one of the first 2,000 Mileage Plan members to take advantage of this offer, you’ll get 15,000 miles for 30% off. This is a first-come, first-served promotion, so if all 2,000 packages are gone, you’re out of luck.

If the promotion hasn’t been gobbled up by 2,000 people, the offer will officially expire on October 23, 2017, so you’ll have to act before that date regardless. Screen Shot 2017-10-10 at 11.12.28 AM

This promotion is a bit different than Alaska’s typical buy miles offers. Traditionally, you’d get a bigger discount for the more miles you purchase. However, for this particular offer, you can only buy 15,000 miles at a flat rate with a 30% discount. In total, you’ll be able to purchase 15,000 miles for $310.41, including all taxes and fees. That means you’re paying about $2.06 cents per mile.

Screen Shot 2017-10-10 at 11.18.12 AM

According to his latest monthly valuations, TPG values Alaska Mileage Plan miles at 1.9 cents apiece. So, even with this promotion, you’re paying slightly more per point than what Mileage Plan miles are valued at — $2.06 cents per point vs. a valuation of 1.9 cents apiece. However, if you’re looking to top off your account for a flight redemption, this could be a deal you’ll want to take advantage of. As a reminder, Alaska miles are so valuable because of the variety of partners with which you can use them, such as Cathay Pacific, Emirates, Japan Airlines, Qantas and more.

If you’re planning on purchasing 15,000 miles as part of this promotion, you’ll want to act quick. Alaska is only selling 2,000 of these packages, so when they’re gone, they’re gone. There’s no terminology in the terms and conditions for the promotion about how many packages you can purchase, so it’s possible that you can take advantage multiple times.

Keep in mind that your purchase will be processed by — not Alaska. So, you won’t earn bonus rewards for using a card with airline spending as a bonus category. That means you should use a card that offers a solid return on non-bonus, everyday spend, such as the Chase Freedom Unlimited Card or the Starwood Preferred Guest Card from American Express / Starwood Preferred Guest Business Credit Card from American Express.

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