20% bonus when you purchase 5000 JP miles or more - till 23 March

Jet Privilege is on a bonus-awarding spree for its members. In early February 2016, there was this offer for a 40% bonus on JP miles purchased, which has since closed. There's also this currently ongoing promotion (valid till 15 April 2015) for transferring partner miles to JP, with a bonus of up to 30%. Here's another - but limited time - offer for a flat 20% bonus on JP miles purchased, valid till 23 March 2016, on a minimum purchase of 5,000 JP miles.


I value JP miles at Rs 0.72 per mile, and Jet Privilege sells JP miles at Rs 1.25 per mile plus taxes (which works out to about Rs 1.43 per mile, or literally twice my value). Under this promotion, the price per JP mile (after considering the 20% bonus) works out to Rs 1.1925.

I personally consider this to be on the expensive end of the price range, if you're looking to buy JP miles speculatively. Having said that, and as I keep insisting every time:
  • there are some routes (especially before JP miles are devalued on international partner redemptions after 31 March 2016, but also some after that) where buying JP miles at this current pricing may still offer some good value, and
  • miles at the margin are worth far more than their cash cost (that is to say, the last few miles you need for an award ticket are worth a much higher price, simply because it makes that award available to you immediately).

So yes, there are circumstances under which one could come out ahead by buying miles under this promotion. But YMMV.

Readers: What's your personal valuation of JP miles, and how much would you pay to buy them outright?

Comments

Post a Comment

Popular posts from this blog

Review: Le Meridien Etoile, Paris

Image
I checked out of the Hyatt Regency Paris Etoile yesterday morning, and checked into the Le Meridien Etoile, just around the corner from the Hyatt, in the evening after a day's sightseeing. Hyatt was kind enough to hold my bags for the duration of the day (which is a surprise in today's world of terror threats), and I'm grateful to them for that. The Le Meridien has standard and chic rooms as two of their base category rooms. As I mentioned in the introduction post, I booked a chic room on an award. Here's a review of the hotel and room, but not breakfast (that didn't come with the room, and we planned to head to the airport a little early in any case). Index of posts Bonjour Paris: Introduction and summary of posts Review: Chennai to Colombo on Sri Lankan A320 regional business class Review: Serendib Lounge, CMB airport Review: Colombo to Paris on Sri Lankan A330-200 international business class Review: Hyatt Regency Paris Etoile Review: Le Meridien Etoile, Paris Re...
Read more

Hotel review: Holiday Inn Singapore Atrium

Image
As part of my recent business visit to Singapore, I spent an extra night there just so I could catch up with friends, some of whom I haven't met in over a decade. And because I needed one more stay to qualify for the bonus under IHG's Accelerate 2016 promotion , and also simultaneously earn a few more IHG Rewards Club bonus points under the Book Direct promotion, I decided I was going to spend the extra night at an IHG hotel. Luckily for me, just hours before my flight to Singapore, I was able to get a rate of SG$150++ a night, which is a fantastic rate for Singapore, especially for a booking as late as mine was. However, I had received mixed reviews when I sought inputs from my Singapore-based friends, and so I decided that I would have a dekko at this myself. I had already been in touch with the hotel (even before my booking was done), to check if they were able to offer me early check in (official check in time is 3 pm, and my flight was to land at 9 am). They said they...
Read more

The week that was - 23 October 2016

Image
Hello from Paris, where my business-and-vacation trip is coming to a close. Vinay is in KUL on work, an Sam has been largely incommunicado. And I've had a fabulous week in Paris, the weather being fantastic (coming here from a rather long Indian summer)!!! Meanwhile, here's a round up of the week that was - a summary of posts on this blog as also other things travel, aviation, points and miles that we found interesting.Hope you had a great week, and here's wishing you the very best in the next one! Paris trip reports Here are the reports I've published so far, from my Paris visit. Bonjour Paris: Introduction and summary of posts Review: Chennai to Colombo on Sri Lankan A320 regional business class Review: Serendib Lounge, Colombo airport Review: Colombo to Paris on Sri Lankan A330-200 international business class Review: Hyatt Regency Paris Etoile Review: Le Meridien Etoile, Paris Airline news and offers Here's how your travel to, from or via Mumbai could be affect...
Read more