Cash Value Calculator: How Much Are Alaska Miles Worth?

Rewards Value Calculator
The Point Calculator values Alaska Miles to be worth 1.5 cents each. View the list of redemption options and calculate the average value of your Alaska Miles based on each option.
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Last Updated 2020-12-13
Alaska Miles Value
Redemption Mile Value
Award Flight $0.015
Hotels $0.008

The Point Calculator values Alaska Airlines Miles at about 1.5 cents each when redeemed for award travel with Alaska Airlines, oneworld partners, and other airline partners. Other redemptions for Alaska Miles include free hotel nights and magazines.

Alaska Miles can also be transferred to other Alaska Mileage Plan members as well as be donated to various non-profits.

Alaska Award Flights

Alaska's miles are worth around 1.5 cents each when redeemed for airfare. This is easily the best use of Alaska Miles.

Alaska gives you the ability to pay with all miles or use the Money & Miles option. You can also upgrade your seat to first class using miles. You can check out Alaska's Award Chart for a full list of flight redemptions.

Alaska Award Chart
Use the Alaska Airlines Award Chart to find great deals to destinations worldwide.

In addition to redeeming Alaska Airlines miles on award flights with Alaska Airlines, miles can also be used for award travel on several other airlines.

Listed below are those airline as well as where award travel with each airline can take you. You can click on an airline (where applicable) to learn more about their frequent flyer program.

Airline Partner Destinations
Aer LingusEurope
American AirlinesWorldwide
British AirwaysEurope, Africa, Middle East & India
Cathay PacificContinental U.S., Canada, Asia, Africa, Middle East & India, Australia, New Zealand
CondorAfrica, Europe, Middle East
EmiratesAsia, Europe, Africa, Middle East & India
FijiAustralia, New Zealand, South Pacific, Caribbean
FinnairEurope, Middle East, India / South Asia, Asia
HainanAsia
IcelandairIceland
Japan AirlinesAsia
Korean AirAsia, Middle East, India, Australia, New Zealand, South Pacific
LATAMSouth America
PenAirIntra-Alaska, Continental U.S.
QantasAustralia, New Zealand
Ravn AlaskaInstra-Alaska
Singapore Airlines Asia

Free Hotel Nights

Alaska Miles can also be used to reserve hotels through the Alaska Airlines Hotels portal which is powered by Rocketmiles. Redeeming Alaska Miles for hotels will drastically reduces the value to about 0.8 cents per mile.

The portal shows you the different options you have when redeeming.

When redeeming for hotels, 10,000 miles will get you about $80 off a hotel reservation. That same 10,000 Mileage Plan miles could be worth $150 to $200+ in airfare which is about double the value when compared to hotel redemptions.

Magazines

Alaska Miles can be redeemed for magazines using the MagsforMiles site. This option allows you to get several issues of a magazine for a set amount of Alaska miles. The value of these redemptions will range and usually be fairly high since magazines do not cost that much.

Transfer Alaska Miles

Alaska Miles can be transferred to other Alaska Mileage Plan members. Transferring Alaska Miles will cost you $10 per 1,000 miles which is not "bad" but it's the $25 processing fee per transaction that makes it costly. This means a transfer of 1,000 miles will cost you $10 plus a $25 fee for a total of $35. You can buy 1,000 Alaska Miles for $29.56 at the standard rate so you'll want to make sure that you transfer at least 2,000 miles to make it "worth" it.

Reasons To Transfer Miles

Transferring miles is the cheaper option over buying and gifting miles. If you know another Mileage Plan member willing to part with some (or all) of their hard earned Alaska Miles or you want to transfer your miles to another member, this is a decent path to take.

To make this worth it, you will need to transfer at least 2,000 miles. Buying or gifting 2,000 miles would cost $59.13 whereas transferring 2,000 miles would only cost you $45. Do not transfer 1,000 miles as it will cost you more than buying or gifting 1,000 miles.

buy 1000 alaska miles
Buying/Gifting 1,000 miles is cheaper than transferring 1,000 miles.

How To Transfer Alaska Miles

In order to be eligible to transfer Alaska Miles, you'll need to have at least 1,000 miles in your Mileage Plan account. You will need to know the Alaska Mileage Plan account number and name of the person you're transferring the miles to.

  1. Head to Alaska's Share/Transfer Miles page.
  2. Log into your Alaska Mileage Plan account.
  3. Enter how many miles you want to transfer and the info of the person you're buying them for.
  4. Enter your payment information.
  5. Review the details and agree to the Terms and Conditions.
  6. Click Pay Now.

If you don't plan on redeeming your Alaska Miles and you don't want to pay the cost to share/transfer them, you can donate them to over 10 different programs. Those programs are:

  • Alaska Airlines Disaster Relief Pool
  • Alaska Airlines Miles for Youth
  • Angel Flight West
  • Dream Foundation
  • Fred Hutchinson Cancer Research Foundation
  • Hero Miles
  • Make-A-Wish Foundation
  • Medical Teams International
  • National Forest Foundation
  • The Nature Conservancy
  • Seattle Children’s Hospital
  • United Negro College Fund
donate alaska miles
Alaska Miles can be donated to support important causes.

How To Donate Alaska Miles

Donating miles to any of the above originations can be done in very few steps. Do note that you'll need at least 1,000 miles in your Mileage Plan account in order to donate.

  1. Head to Alaska's Donate Miles page.
  2. Select the organization you wish to donate to.
  3. Enter how many miles you want to donate.
  4. Click Send.

Miles will be deducted from your account and sent to the organization you selected.

Alaska Miles Cash Value

The Alaska Airlines Miles Calculator will calculate the dollar value of your miles based on our average redemption values in the chart below. You can enter any amount of MileagePlan miles in the field below.

Alaska Airlines Miles Value Calculator

Enter any amount of miles to see the average cash value.
Miles
Flights
Award Flights
1.5 Cents Each
$0
Other Travel
Hotels
0.8 Cents Each
$0

Earning Alaska Miles

The easiest way to earn Alaska Miles is by using an Alaska Airlines credit card.

Bank of America offers both a personal and business Visa card that earns 3X Alaska Miles on Alaska Airlines purchases and 1X on all other purchases. These cards also offer great benefits such as a free checked bag and an annual Companion Fare for another person to travel with you.

Best Card For Alaska Miles

Intro Bonus
Get 40,000 bonus miles plus Alaska's Famous Companion Fare™ from $121 ($99 fare plus taxes and fees from $22) with this offer. To qualify, make purchases of $2,000 or more within the first 90 days of opening your account.
Rewards Rate
3X
Earn 3X on Alaska Airlines purchases
1X
Earn 1X on all other purchases
Main Card Highlights
  • Annual Alaska Companion Fare: Buy 1 round trip ticket and get a companion fare starting from $121 USD for another person to travel with you.
  • Free checked bag for you and up to five others traveling with you.
  • 20% off in-flight purchases when you use your Alaska Airlines Visa® Credit Card to pay for food, beverages, and Wi-Fi onboard Alaska and Alaska-operated flights.
  • 50% discount on day passes for Alaska Airlines lounges.
Annual Fee
$75
Authorized User Fee
0
Foreign Transaction Fee
0%

Best Business Card For Alaska Miles

Rewards Rate
3X
Earn 3X on Alaska Airlines purchases
1X
Earn 1X on all other purchases
Main Card Highlights
  • Annual Alaska Companion Fare: Buy 1 round trip ticket and get a companion fare starting from $121 USD for another person to travel with you.
  • Free checked bag for you and up to five others traveling with you.
  • 20% off in-flight purchases when you use your Alaska Airlines Visa® Credit Card to pay for food, beverages, and Wi-Fi onboard Alaska and Alaska-operated flights.
  • 50% discount on day passes for Alaska Airlines lounges.
Annual Fee
$50 per company, $25 per card ($75 total for primary user)
Authorized User Fee
$25 per card
Foreign Transaction Fee
0%
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