Besides generating miles through credit cards, purchasing the right miles at the right time is an alternative to fly premium cabins at a fraction of the price. From now to March 31, Alaska Mileage Plan is offering up to 40% bonus on the miles you purchase. Taking advantage of this promotion, you may redeem round-trip business class on Cathay Pacific costing around S$1450* for Intra-Asia or around S$3140 for Asia-North America.
This is how the promotion works:
- Buy 10,000-19,000 miles, get a 20% bonus
- Buy 20,000-39,000 miles, get a 30% bonus
- Buy 40,000-60,000 miles, get a 40% bonus
If you maximize the purchase by buying 60,000 miles, you will received 24,000 bonus miles. Therefore, you will end up getting 84,000 alaska miles for USD 1,773.75 including tax, which is est. 0.03 cent per mile in Singapore dollars.
[USD 1,7773.75 x 1.41 = SGD2492.56]
What you can do with Alaska Miles?
Alaska miles have multiple partner airlines in which you can redeem your flights with. The best use of Alaska miles would be redeeming premium cabins on Cathay Pacific or Emirates. One thing worth noting is that Alaska allows one free stopway for one-way award ticket. If you are flying New York to Singapore, you are allowed to have a free stopover in Hong Kong.
To illustrate further,let's take Cathay Pacific as an example. Suppose you want to redeem a round trip ticket between Singapore to New York on Cathay Pacific Business Class.
With ~0.03 cent per mile, you may redeem a round trip business class ticket for ~S$3000 with a free stopover in Hong Kong. After tax and booking fee, you are likely to end up around S$3140. If you were to purchase a round trip business class ticket between Singapore to New York directly on Cathay Pacific website, you will likely to end up paying nearly S$9000.
Things to note:
1) For every transaction, you can purchase a max. 40,000 Alaska Miles. However, there is no limited to the number of transactions.
2) You can only purchase Alaska Miles after you have sign-up for their membership for est. 2 weeks.
To find out more about Alaska's partner airlines and the redemption chart, please click here.
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