Today happens to be the last day for two promos that I actually do like for buying miles and points. Both of them have potential for some great value for luxury travel. If you would normally be traveling for economy prices, that same cost could net you a luxury experience.
Last Day for Two Promos Buying Miles & Points to Save on Luxury Travel
Hyatt Promo with 30% Bonus on Purchased Points
Before we start, this promo is not the highest it has been (that would be 40%). Also, you are only allowed to purchase up to 55,000 Hyatt points in a year. If you don’t need them right now, I would pass on this and wait for a better promotion.
Link: Buy Hyatt Points (buying through this link will earn me a small commission – to earn 2.5% cash back for yourself, read more below!)
The last time this deal came around was in May and many of you bought in then. Depending on your use case, buying Hyatt points for 1.8 cents each can be a good deal. Here are the details of this deal:
Regular Cost of Hyatt Points
Hyatt points cost 2.4 cents each, normally. Unless you are topping up for a particular award, I would never suggest purchasing Hyatt points at that cost.
Hyatt Points on Sale for 1.84 Cents Each
However, until the end of today, you can purchase Hyatt points with up to a 30% bonus. This brings the cost of Hyatt points down quite a bit and can definitely make more sense – depending on the type of award you are wanting to book. Here is how this Hyatt points sale breaks down:
- Buy up to 5,000 Hyatt points and get no bonus
- Buy 5,000 – 55,000 Hyatt points and get a 30% bonus
To max out the Hyatt points sale bonus, you would need to purchase 55,000 points. This would give you a total of 71,500 points for $1,320. This breaks down to a final cost of 1.84 cents per point.
Getting Hyatt Points Even Cheaper
However, if you go through TopCashBack, you can get 2.5% cash back on your points purchase! This brings the total out-of-pocket cost for 71,500 points down to $1,286 (or 1.8 cents per point).
If you need Hyatt points now, that isn’t that bad of a deal. Yes, it is better to transfer them from your Ultimate Rewards account and you can earn UR points for less than that with office supply purchases on some of the Chase business cards.
But, it will depend on what other partners you like to transfer to. For example, if you like to transfer to United, you may be better off buying some Hyatt points at this price and keeping your UR points for United since you cannot buy United miles at this price.
Buy Alaska Miles and Get Up to 40% Bonus
Link: Buy Alaska Miles up to a 40% Bonus (this is an affiliate link)
Alaska miles are great if you want to redeem for luxury partners like Cathay Pacific. There are some great opportunities with this bonus, including getting a business class award ticket to Asia at (slightly more than) economy class prices.
Here is how the bonus breaks down:
Buy 5,000 — 19,000 miles = 20% bonus
Buy 20,000 — 29,000 miles = 30% bonus
Buy 30,000 — 60,000 miles = 40% bonus
This promo ends tonight at 11:59PM PT and you are restricted to 60,000 miles purchased per transaction. New this year, you are also restricted to 150,000 miles from purchases/bonuses in a calendar year.
Asia in Business From 50,000 Miles!
You can get deals like 50,000 miles one way from the US to Asia with Hainan Airlines or Cathay Pacific! Or fly Cathay Pacific in First Class for 70,000 miles! That could present some terrific value since you would essentially be paying $1,064 for a one way business class ticket on Cathay Pacific. That is certainly not for everyone (I won’t be doing it) but many people wouldn’t mind spending a little more than an economy ticket (for some destinations) to get a business class award!
Featured image is business class aboard Cathay Pacific, courtesy of Cathay Pacific