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Buy Alaska miles with up to a 60% bonus through Nov. 2, 2022

Oct. 13, 2022
8 min read
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Alaska Airlines Mileage Plan periodically puts its miles on sale. These miles can be difficult to earn, so the occasional buy miles sales can be useful for topping up or stocking up to book one of the many Alaska Mileage Plan sweet spot redemptions.

Through Nov. 2, 2022, Alaska is offering a "mystery offer" buy miles sale through which you can buy miles with up to a 60% bonus. If you're targeted for a 60% bonus, you'll be able to buy miles for as low as 1.85 cents per mile. You can log in and check your offer here.

TPG's valuations peg the value of Alaska miles at 1.8 cents each. But, buying miles for slightly higher than our valuations may provide excellent value if you have a specific redemption in mind. In particular, purchasing miles through this sale may be a good idea if you're ready to book an award flight and have already found bookable award space.

Now, let’s take a closer look at this offer.

Buying Alaska Miles with up to a 60% bonus

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With this "mystery offer," the bonus is targeted. So, your offer may differ from what’s offered to other members. But the highest bonus is 60% and is structured as follows for TPG senior writer Katie Genter:

Miles purchasedMileage bonusPrice per mile
3,000 to 19,000 miles40%.2.11 cents.
20,000 to 39,000 miles50%.1.97 cents.
40,000 to 100,000 miles60%.1.85 cents.

Purchasing miles with the 60% bonus decreases the cost to 1.85 cents per mile as long as you purchase at least 40,000 miles.

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This is one of the highest bonuses we’ve seen for Alaska miles, though not as good as a 70% bonus we've occasionally seen in the past. You'll see an extra tax recovery fee listed when you go to buy Alaska miles, but this fee is included in the price per mile we discuss throughout this story.

TPG values Alaska miles at 1.8 cents each, but you can get even more value from your miles. You can redeem Alaska miles for first- and business-class travel on one of Alaska’s many international airline partners like Cathay Pacific, Japan Airlines and Fiji Airways. Sometimes, you can get more than 5 cents per mile in value with these redemptions.

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Related: Your complete guide to earning and redeeming with Alaska Airlines Mileage Plan

How many Alaska miles can I purchase?

If you hold MVP, MVP Gold, MVP Gold 75K or MVP Gold 100K elite status with Alaska Mileage Plan, there isn't any annual limit on how many Alaska miles you can buy or receive as a gift. But, if you don't hold elite status with Alaska, you can only buy or be gifted up to 150,000 miles per calendar year.

The calendar year limit for non-elite members doesn't include bonus miles, though. If you're targeted for a 60% bonus and haven't purchased or received as a gift any Alaska miles yet this year, you could buy 150,000 miles through this sale and receive 90,000 bonus miles for a total of 240,000 miles deposited into your account.

However, note you'd need to purchase your miles in two transactions since the website only supports buying up to 100,000 miles per transaction.

Related: Alaska Mileage Plan top-tier members get an intriguing choice of perks for 2023

How should I redeem Alaska miles?

Alaska Airlines partners with many great airlines. On top of Alaska's Oneworld and Oneworld connect partners, the airline also partners with various other airlines, including Korean Air and LATAM.

Best of all, you can add a free stopover on many Alaska Mileage Plan awards. You can check out Alaska's award charts for inspiration, but here are a few of my favorite ways to redeem Alaska miles.

Stopover in Fiji on the way to the South Pacific in business class

ZACH HONIG/THE POINTS GUY

With its pristine beaches, Fiji is a bucket-list destination for many travelers. You can redeem 55,000 Alaska miles to fly from the continental U.S., Alaska or Canada to Fiji in Fiji Airways business class, making it one of the best redemption values for Alaska miles.

During this sale, 55,000 Alaska miles would cost you about $1,018 if you buy the miles at a rate of 1.85 cents each. Plus, you can use Alaska’s free stopover to continue to New Zealand, Australia or another South Pacific destination for no additional miles.

Fly from the US to South America in LATAM business class

LATAM is the largest airline in South America, with hubs in Santiago, Lima and other major cities. You can book a one-way award from the continental U.S., Alaska or Canada to South America in LATAM business class for just 45,000 Alaska miles, though you still need to book these awards over the phone.

During this sale, 45,000 Alaska miles would cost about $833 if you can buy the miles at a rate of 1.85 cents each.

Head to Asia in Cathay Pacific first class

JAMES D. MORGAN/GETTY IMAGES

Cathay Pacific flies from several different U.S. gateways to its hub in Hong Kong. You can use your Alaska miles to fly in Cathay Pacific’s swanky first-class product to Hong Kong and beyond for just 70,000 Alaska miles one-way with minimal taxes and fees. Considering these tickets often cost more than $5,000 one-way, purchasing miles is an excellent deal for this award.

During this sale, 70,000 Alaska miles would cost about $1,295 if you can buy the miles at a rate of 1.85 cents each. However, ensure you find first class award availability before buying the miles. Fair warning: it can be hard to come by.

Related: Now live: Cathay Pacific awards bookable on the Alaska Airlines website

Use one of these credit cards to pay for Alaska miles

Points.com — not Alaska — will process your purchase if you take advantage of this promotion. Because Alaska isn't processing the purchase, you won’t earn bonus rewards for using a card with airline spending as a bonus category.

Pay with a credit card that offers a solid return on everyday purchases to earn the most rewards for your purchase. For example, consider using the following cards that offer bonus earnings on all purchases:

Related: The best credit cards for buying points and miles

Bottom line

We don't recommend buying points or miles speculatively. But, if you have an upcoming trip that you want to book with Alaska miles and you've found award availability, this buy miles sale may let you earn Alaska miles at a reasonable rate.

If you don't need the miles immediately and are instead starting to plan a trip, you may prefer to sign up for an Alaska Airlines credit card and earn miles through its sign-up bonus and bonus categories. For example, the Alaska Airlines Visa Signature® credit card currently offers a sign-up bonus of 50,000 bonus miles plus companion fare from $121($99 fare plus taxes and fees from $22) when you make $2,000 or more in purchases within the first 90 days of opening your account.

Additional reporting by JT Genter, Katie Genter, Victoria Walker and Nick Ewen.

Featured image by ZACH GRIFF/THE POINTS GUY
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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TPG featured card

Best card for premium perks while traveling
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards

2 - 10X points
10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
5X5X miles on flights booked through Capital One Travel.
2X2 Miles per dollar on every purchase, every day

Intro offer

75,000 bonus miles
Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

Annual Fee

$395

Recommended Credit

740-850
Excellent
Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,400+ lounges, including Capital One Lounges and our Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023
Best card for premium perks while traveling
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards Rate

10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
5X5X miles on flights booked through Capital One Travel.
2X2 Miles per dollar on every purchase, every day
  • Intro Offer
    Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

    75,000 bonus miles
  • Annual Fee

    $395
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    740-850
    Excellent

Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,400+ lounges, including Capital One Lounges and our Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023