Several airlines have allowed customers to convert cancelled ticket values into miles. The most useful so far for U.S. members has been the ability to transfer flight credits to miles with Southwest Airlines.
Alaska Airlines though has the most lucrative conversion offer to date and they’re running it for a second time: convert unused travel funds to miles at a rate of 10,000 miles per $100. In other words you can take unused ticket value and buy miles at just 1 cent apiece.
- You can choose to convert 25%, 50%, 75%, or 100% of your wallet balance
- You have until Friday November 13 at 11:59 p.m. Pacific time to act
Very Valuable Opportunity
This counts as account activity to extend the expiration date of your miles (Alaska miles expire after 24 months of account inactivity).
Alaska miles are worth more than many other currencies, because their award charts are reasonable in many cases, they have great partners, and even permit a stopover on a one-way award for no additional points.
U.S. to South Asia via Hong Kong on Cathay Pacific, for instance, costs just 50,000 miles (which would be $500 in wallet funds converted to miles). Cathay Pacific first class is just 70,000 miles one-way.
Cathay Pacific First Class
I’d be a buyer of Alaska miles at 1.5 cents, I think. I’ve bought them in the past at 2 cents albeit with a specific redemption I was about to make. I would jump at the chance to load up on Alaska miles at just 1 cent apiece. Unfortunately I don’t have any unused travel credits from cancelled trips to use to participate myself.
Alaska is clear that tickets purchased and cancelled while the promotion is active won’t be eligible so there’s not a way to game this (assuming this rule is enforced). Of course they ran this promotion before, if you knew they were going to do it again you could buy tickets now, cancel the itinerary and wait for the next round (which of course may not come).