Is Buying Miles Worth It? - NerdWallet

Sep 11, 2024 · Recently, Alaska featured a promotion that offered 60% bonus miles when buying at least 40,000 miles. That means that a 40,000-mile purchase would have netted 64,000 …

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Is Buying Miles Worth It? - NerdWallet

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Sep 11, 2024 · Recently, Alaska featured a promotion that offered 60% bonus miles when buying at least 40,000 miles. That means that a 40,000-mile purchase would have netted 64,000 …

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FAQs about Is Buying Miles Worth It? - NerdWallet Coupon?

How much are miles worth?

Different miles have different values. For example, a United Airlines mile might be worth 1.35 cents, while an Alaska Airlines mile is worth 1.6 cents. You can use TPG's awards versus cash calculator, or you can do your own math. Let's say you want to book a domestic round-trip airline ticket for 25,000 miles, and the selling price is $500. ...

Should you buy miles?

While it should never be your go-to for booking travel, buying miles can be the most cost-effective way to make it happen. Just be sure to think through your situation before buying a boatload of points. We can’t stress this enough: Don’t buy miles unless you have a specific redemption in mind. ...

Should you buy American Airlines miles?

NerdWallet values American Airlines miles at 1.6 cents each, so by purchasing miles, you’re paying more than what the miles are worth, on average. This is generally true even when there's a generous bonus involved. It can still make sense to buy miles for the right circumstances, like... 1. If you need to top up an award ...

Should I buy points or miles?

Not usually. By default, you should avoid buying points and miles. It's always better to earn miles for free through credit card sign-up bonuses, take advantage of promotions and earn through partners. However, sometimes it can make sense to buy points or miles. ...

Is it cheaper to buy or redeem miles?

For an incredible redemption like this, it can be much cheaper to buy and redeem miles than buying a cash flight. Some sweet spots are so good that it can justify buying points and miles even without a discount or bonus. For example, Etihad Airlines' loyalty program Etihad Guest offers some of the best sweet spots in the points and miles world. ...

How much does it cost to buy 3,000 United miles?

In this case, it could be worth it to pay $113 (3.5 cents per mile plus taxes) to buy 3,000 United miles to unlock this business class redemption. Before buying travel points, see if you can transfer points from a transferable points currency. ...