There is no shortage of ways to earn points and miles. From credit card welcome bonuses to bonus categories, shopping portals, and dining programs, the list goes on and on.Given the numerous options, travelers are often conflicted about purchasing points for their trips. After all, why purchase points when you can just save up the points you earn from your everyday purchases?This is a fair point, and it is a solution that works for many. However, there are some instances where purchasing points and miles can make plenty of sense. We will explore each of those options later in the post, but first let’s get straight into the meat and potatoes of all of the current promotions that allow you to receive a discount or bonus on your points and miles purchases.Table of contentsLatest Point Purchase PromotionsAmerican Airlines AAdvantageChoice PrivilegesEmirates SkywardsEtihad GuestHilton HonorsSouthwest Rapid RewardsUnited MileagePlusWorld of HyattWyndham RewardsWhen Should You Purchase Points?Account Top OffPrice ArbitragePreventing Points From ExpiringFinal ThoughtsTable of ContentsLatest Point Purchase PromotionsAmerican Airlines AAdvantageChoice PrivilegesEmirates SkywardsEtihad GuestHilton HonorsSouthwest Rapid RewardsUnited MileagePlusWorld of HyattWyndham RewardsWhen Should You Purchase Points?Account Top OffPrice ArbitragePreventing Points From ExpiringFinal ThoughtsLatest Point Purchase PromotionsAmerican Airlines AAdvantagePromotion:Buy 5,000 to 24,000 miles and get a 10% discount (3.4 cents per mile)Buy 25,000 to 79,000 miles and get a 15% discount (3.2 cents per mile)Buy 80,000 to 104,000 miles and get a 20% discount (3 cents per mile)Buy 105,000 to 149,000 miles and get a 25% discount (2.8 cents per mile)Buy 150,000 miles and get a 30% discount (2.4 cents per mile)Deadline: N/APrograms That Transfer to American: Bilt Rewards, Marriott BonvoyLink to PurchaseWe value American Airlines miles at 1.4 cents per mile, so unless you are fresh out of AA miles, but have a redemption in mind that would allow you to get more than 2.4 cents per mile in value, we would skip this promotion.Hot Tip: See how much your points and miles are actually worth in our monthly guide to travel points and miles valuations.Promotion:Buy 4,000 to 9,000 points and get a 10% bonus (0.9 cents per point)Buy 10,000 to 15,000 points and get a 15% bonus (0.87 cents per point)Buy 16,000 to 180,000 points and get a 30% bonus (0.79 cents per point)Deadline: September 23, 2022Programs That Transfer to Choice: Amex Membership Rewards, Capital One Miles, Citi ThankYou PointsLink to PurchaseWe value Choice points at 0.6 cents per point. Of course, it is certainly possible to get significantly more than that depending on your redemption. Given the lowest amount that you can purchase points for is 0.79 cents each, you’ll want to make sure the redemption you have lined up will save you much more than what you would pay for the redemption.Emirates business class aboard the A380 makes for an elegant and unforgettable experience. Image Credit: EmiratesPromotion:Buy 5,000 to 20,000 miles and get a 15% bonus (2.6 cents per mile)Buy 21,000 to 40,000 miles and get a 25% bonus (2.4 cents per mile)Buy 41,000 to 100,000 miles and get a 35% bonus (2.2 cents per mile)Deadline: September 22, 2022Programs That Transfer to Emirates: Amex Membership Rewards, Bilt Rewards, Capital One Miles, Chase Ultimate Rewards, Citi ThankYou Points, Marriott Bonvoy PointsLink to PurchaseWe value Emirates Skywards miles at 1.1 cents apiece. With the 35% bonus, you’ll purchase miles for 2.2 cents each, so you’ll want to have a specific redemption in mind where you know you can get significantly more value than you would without purchasing miles, otherwise we would recommend skipping this promotion.Promotion:Buy 2,000 to 10,000 miles and get a 15% bonus (1.74 cents per mile)Buy 11,000 to 25,000 miles and get a 20% bonus (1.67 cents per mile)Buy 26,000 to 100,000 miles and get a 30% bonus (1.54 cents per mile)Deadline: September 25, 2022Programs That Transfer to Etihad: Amex Membership Rewards, Capital One Miles, Citi ThankYou Points, Marriott Bonvoy PointsLink to PurchaseWe value Etihad miles at 1.4 cents per mile, so this could be a pretty good deal depending on the redemption you have in mind. For instance, you can book tickets between the U.S. and Europe in American Airlines business class for 50,000 Etihad miles, which would cost $780 during this promotion — far less than the standard price American Airlines would charge for these tickets.Mango House Seychelles, LXR Hotels & Resorts. Image Credit: HiltonPromotion: Receive a 100% bonus when purchasing 5,000 or more points (0.5 cents per point)Deadline: September 18, 2022Programs That Transfer to Hilton: Amex Membership RewardsLink to PurchaseFor reference, we value Hilton Honors points at 0.5 cents each, so this promotion can be a great opportunity to load up on points if you have some upcoming travels where you know you’ll be able to get more than 0.5 cents per point in value.Promotion: Receive a 45% discount on any purchases that exceed 3,000 points (1.5 cents per point)Deadline: September 22, 2022Programs That Transfer to Southwest: Chase Ultimate Rewards, Marriott Bonvoy PointsLink to PurchaseUnless you are purchasing a very small number of points to top off for a specific redemption, we highly advise against purchasing Southwest points. Since Southwest is a fixed rewards program, most redemptions hover around 1.2 to 1.3 cents per point, so purchasing points at 1.5 cents, just to redeem them for less, makes little sense unless you need a small number of points in a pinch.Promotion: Buy 5,000 to 14,000 miles and get a 50% bonus (2.3 cents per mile)Buy 15,000 to 39,000 miles and get a 75% bonus (2 cents per mile)Buy 40,000 to 87,500 miles and get a 100% bonus (1.75 cents per mile)Deadline: September 21, 2022Programs That Transfer to United: Chase Ultimate Rewards, Marriott Bonvoy PointsLink to PurchaseWe value United miles at 1.3 cents per mile, still far off from the lowest purchase price of 1.75 cents per mile. That said, given how expensive some business class tickets to international destinations can be, you could very well find a redemption that far exceeds the 1.75 cents per mile valuation, which would make purchasing miles at that rate make sense.Miraval Austin Resort and Spa. Image Credit: HyattPromotion: Purchase 3,000 or more points and receive a 30% discount (1.68 cents per point)Deadline: September 30, 2022Programs That Transfer to Hyatt: Bilt Rewards, Chase Ultimate RewardsLink to PurchaseWhile we value World of Hyatt points at 1.5 cents per point, it is often fairly easy to find redemptions that can offer you north of 2 cents per point, in which case purchasing points for 1.68 cents per point can save you some cash on your next stay, assuming you don’t have a large balance of Bilt Rewards or Chase Ultimate Rewards points that you could transfer.Promotion: Buy 2,000 to 4,000 points and get a 15% discount (1.1 cents per point)Buy 5,000 to 6,000 points and get a 20% discount (1 cent per point)Buy 7,000 to 60,000 points, get a 25% discount (0.975 cents per point)Deadline: October 24, 2022Programs That Transfer to Wyndham: Capital One Miles, Citi ThankYou RewardsLink to PurchaseWe value Wyndham points at 0.9 cents apiece, relatively close to the 0.975 cents per point price you can purchase them for. Given that, depending on what you plan to redeem these points for, it could make sense to purchase them at these rates.When Should You Purchase Points?As promised, let’s now go through some examples of when it might make sense for you to purchase points and miles.Account Top OffIt can feel quite frustrating to have a redemption you’d like to make, with available award space to boot, but yet you don’t have quite enough points to make the booking. Of course, you could wait until you do, but if you’re looking to book a business or first class award ticket, that award space can vanish quickly.In cases like these, it can make sense to purchase a small number of points to move your account balance above the amount needed to book the award.Price ArbitrageMany of the examples we include in our various point purchase posts and Upgraded Points involve the opportunity to take advantage of price arbitrage.For instance, say you’d like to fly business class from the U.S. to Europe in business class. You pull up Google Flights, pop in your desired destination and travel date, and the results reveal that the best nonstop option is aboard American Airlines for a whopping $2,500 — yikes.While the best award redemptions require locating award space at the saver level, assuming it is available on the date you’d like to travel, you could purchase the points needed for this ticket for far less. Some examples include purchasing 52,500 American Airlines miles for $1,680 at the 15% discount or purchasing 50,000 Etihad miles for $780 thanks to the 30% bonus promotion.Put simply, purchasing points and miles can be a great way to get a large discount on flights that you were planning to purchase anyway.Preventing Points From ExpiringOne of the annoyances of some loyalty programs is that their points or miles expire after a set period, usually 1 to 3 years. Depending on your travel habits, you might be at risk of your points expiring if you go long periods without earning or redeeming points within the program.Fortunately, most programs count purchasing points as a qualifying earn activity, allowing you to extend the life of your miles simply by purchasing a small number of them.Final ThoughtsIn most cases, your primary points strategy should be earning them through new welcome bonuses, everyday card spending, and other point-earning activities like shopping portals as these activities shouldn’t require a significant expense beyond what you might have spent anyways.That said, there is a time and a place for when it can make sense to purchase points and miles. In those cases, promotions that allow you to receive a discount or bonus miles on your purchase can offer you even more value.Of course, you should always run the numbers when deciding which path makes the most sense for your next redemption, but it is always great to have options.