Today (10/14/14) is the last day you can buy up to 56,000 Alaska Airlines miles for as little as 2.11 cents each.
The sale is structured as a bonus on the normal number of miles you’d receive. The bonus is tiered, so the biggest 40% bonus comes from purchasing 35,000 to 40,000 miles at the normal price of about 2.96 cents each after tax.
To buy 49,000 miles (35,000 + 14,000 bonus) during this sale costs $1,034.69, which is 2.11 cents per mile.
I don’t think Alaska miles are worth 2.11 cents each, but they are worth close to that, and if you have a specific redemption in mind, it isn’t hard to get more than 2.11 cents of value per mile.
- What are the best redemptions for Alaska miles?
- Does this miles purchase count as airfare or travel spending for category bonuses?