Points and miles enthusiasts take note: Hawaiian Airlines is currently offering up to 100% bonus miles when you purchase HawaiianMiles through November 15. While we don’t often recommend purchasing points and miles, it may be worth considering after the carrier’s acquisition of Alaska Airlines. After the merger, loyalty program members will be able to transfer HawaiianMiles to the Alaska Airlines Mileage Plan.

But is buying miles Real a good investment? Here’s everything you need to know about the sale and how to decide if buying Miles is right for you.

Related: Buy bonus points and miles with these promotions

Buy up to 100% HawaiianMiles with this promo and transfer them to the Alaska Airlines Mileage Plan

From now through November 15, you can purchase HawaiianMiles with a bonus of up to 100%, effectively cutting the cost per mile in half. However, the discount depends on the number of miles you purchase and may vary from member to member.

Here are the details on the bonus miles deal that I found in my personal HawaiianMiles account:

• If you purchase less than 3,000 miles you will get the standard price of 2.54 cents per mile (this includes a 1.6% tax surcharge).
• If you buy at least 3,000 miles you’ll get an 80% bonus, bringing the price down to 1.41 cents each.
• If you buy 10,000 miles or more you’ll get an impressive 100% bonus, bringing the price down to 1.27 cents each.

You must purchase miles in increments of 1,000 miles. There is a limit of 100,000 miles per transaction (before the bonus), but there is no limit on the total number of miles you can purchase per year. Therefore, you can theoretically buy as many Miles as you want in multiple transactions during this sale.

Please note that HawaiianMiles transactions can take up to 72 hours to process.

This may not seem like much, considering HawaiianMiles are worth 1.2 cents each according to TPG’s November 2024 valuations. However, thanks to the recent merger between Hawaiian Airlines and Alaska Airlines, you can now transfer miles between the airlines’ loyalty programs at a ratio of 1:1.

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Since Alaska Airlines Mileage Plan miles are valued at 1.4 cents each according to TPG’s November 2024 valuations, purchasing miles during Hawaiian’s sale and transferring them to Alaska could yield significant savings. Alaska is part of the Oneworld alliance and offers a variety of partner rewards options, and still uses a rewards table, which can result in some high-value redemptions.

Related: Alaska Airlines Renews Mileage Plan with Milestone Benefits, New Status-Earning Options and Upgrade Updates

Is it worth it to buy HawaiianMiles and move to Alaska?

This sale certainly makes buying HawaiianMiles a better value proposition than usual. However, in general we recommend that you only purchase miles if you have a specific redemption in mind. Stocking up on miles – even when they’re on sale – isn’t a good strategy, as points and miles can be devalued at any time.

This is currently especially true for the Hawaiian and Alaskan miles. Since the merger, the airlines have announced plans to eventually operate under one loyalty program. This could mean overhauling current programs – and possibly abandoning Alaska’s valuable prize list and switching to dynamic pricing. This can result in all saved kilometers being suddenly devalued.

However, according to the airlines’ statements, we won’t know more about how the new combined loyalty program will work until mid-2025. This means you have several months to use your Alaska and/or Hawaii miles. If you’ve been eyeing one of the best spots on Alaska’s award chart, buying discounted HawaiianMiles and transferring them to the Mileage Plan can be a great way to get closer to that redemption.

For example, you can book a nonstop economy ticket from New York to London on American Airlines for travel in March 2025 for just 22,500 Alaska miles plus $19 in taxes and fees.

But don’t forget that HawaiianMiles are valuable in their own right. If you’re dreaming of a tropical getaway this winter, you can find nonstop award availability from Los Angeles to Honolulu in March for just 40,000 miles and $6 in taxes and fees for a lie-flat first class seat — and it might be worth the buy of the miles it takes to get there.

Related: Save Money: How to Book Flights to Hawaii Using Points and Miles

In short

The merger between Alaska Airlines and Hawaiian Airlines has created a lot of uncertainty for loyalists of both programs as we head into 2025 – but it has also created some valuable opportunities. Some TPG employees even decided to apply for not one but two Hawaiian Airlines credit cards in hopes of using the welcome bonuses for repayments in Alaska. Also note that you can transfer American Express Membership Rewards points to HawaiianMiles and Bilt Points to Alaska miles, both at a 1:1 ratio, giving you even more ways to earn miles with these programs.