How to Buy Points and Miles (and When It Is Worth It)

The short answer: Buying points or miles makes sense only when the price per point is well below what you will get back on a specific award you are ready to book. During a points sale with a bonus, buying to top up for a premium-cabin or top-hotel redemption can be a great deal, but buying speculatively, with no use in mind, almost always loses money.

When buying points pays off

Programs regularly sell points, frequently with bonuses of 50 to 100 percent that drop the effective price per point. Buying is worth it when that price is comfortably below the value you will capture on a specific award, for example buying cheap miles to complete a business-class booking that would cost thousands in cash. The key is a confirmed, high-value use. See transferable points.

The math to run

Divide the total cash cost of the points by the number you receive, including any bonus, to get your price per point, then compare it to the cents per point you will get on the award. If you are buying miles at 1.5 cents to book a redemption worth 5 cents each, that is a strong buy; if the award is worth barely more than the purchase price, skip it. Only the specific redemption justifies the purchase. See what points are worth.

The traps to avoid

Never buy points speculatively hoping to use them later, since award space, prices, and the program itself can change, leaving you with a depreciating balance you paid cash for. Watch for taxes and fees on the purchase, and confirm the award is bookable before you buy. Buying points is a tool for a known booking, not a way to stockpile. Award prices and availability change constantly as programs devalue and adjust, so treat every points figure here as a rough, illustrative guide rather than a guarantee. Always confirm the current price and that an award seat is actually available on the airline own site before you transfer points, since transfers are one-way and cannot be reversed.

See exactly what an award costs

Stop guessing at point values. Look up the real award price and live availability for a specific trip before you transfer.

Search award flights on seats.aero →

Frequently asked questions

Is buying points and miles worth it?
Only when the price per point is well below the value of a specific award you are ready to book, which usually means buying during a bonus sale to top up for a premium-cabin or top-hotel redemption. Speculative buying loses money.
How do I calculate if buying points is a good deal?
Divide the cash cost, including any bonus points, by the total points received to get your price per point, then compare it to the cents per point the award returns. Buy only when the award value clearly beats the price.
Should I buy points without a use in mind?
No. Award space, prices, and programs change, so speculative points are a depreciating asset you paid cash for. Confirm a bookable, high-value award first, then buy only what it needs.
When do programs sell points cheapest?
During promotional sales with bonuses of 50 to 100 percent, which lower the effective price per point. Even then, buy only against a specific redemption where the value beats your purchase price.

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Bryce Casson

Written by Bryce Casson, Founder of Cardocrat. About the author and how we rank cards.