Earning Miles without Flying
One of the best things about collecting miles and points is that it’s a lot easier than most people think it is. You don’t necessarily need to hop onto a plane in order to earn miles. You can earn miles and points for activities or services that you would usually sign up for, without knowing about the added bonus. If you are looking to refinance your student loans, you can do so by having a look at what SoFi is offering. You’d have the opportunity to earn up to 50,000 Alaska Airlines MileagePlan miles in the process. SoFi is an online financing company that offers personal loans, student loans and mortgage refinancing options.
Alaska Airlines MileagePlan
Alaska MileagePlan is my favorite frequent flyer program in the US. Apart from having connectivity on the west coast to destinations like Hawaii, Alaska MileagePlan really hits it out of the park when it comes to partner redemptions. I recently used 50,000 Alaska Airlines MileagePlan Miles in order to fly from San Francisco to Singapore in Cathay Pacific Business Class. For a ticket that cost upwards of $2,000, I got upwards of 4 cents per mile for my redemption. That how valuable Alaska Airlines MileagePlan miles are.
You can earn and redeem Alaska Airlines MileagePlan on the following partner airlines:
Following are the details of the offer as per the Alaska Airlines Website:
Save on your student loans by choosing between a range of rates and terms. No prepayment penalties and no hidden fees. Ever. Plus, you’ll earn one Mileage Plan™ mile for every $2 you refinance, up to 50,000 miles**. Just enter your Mileage Plan™ information in the application after you’ve uploaded your documents.
Fixed rates start at 3.890% APR ranging up to 8.074% APR and variables are as low as 2.500% APR ranging up to 7.170% APR, when enrolled in AutoPay1.
As per the offer details you’ll earn 1 Mileage Plan mile for every $2 you refinance. You can earn a total of 50,000 Mileage Plan Miles if you were to refinance a student loan of $100,000.
The Pundit’s Mantra
I’m always on the lookout to turbocharge my mileage earning in order to have the best opportunity to earn miles. If you are in the market looking for a student loan refinance, this could be a good way to earn a few miles in the process. You can enter your details here on the SoFi website in order to check your rate.
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