Update: Some offers mentioned below are no longer available. View the current offers here.Alaska Airlines is currently running a great promo for its elite flyers. Right now, Alaska MVPs, MVP Golds and MVP 75Ks can transfer their miles to friends and family for free, according to an email the airline sent out this afternoon.Elites can transfer up to 40,000 miles, and Alaska will waive the normal fees of $10 per 1,000 miles plus a $25 transaction fee. This means you could save a potential $425 if you wanted to transfer the maximum amount.The promotion allows a maximum of three free transfers to any account and runs through December 28 — with a minimum of 1,000 miles per transfer.Alaska miles are some of the most valuable out there and can be used on one of the airline’s many partners like Cathay Pacific, Emirates and Japan Airlines. This promotion is a good way to consolidate miles between accounts — especially if you’re looking to redeem lots of miles on a premium product. But remember, you can still book flights for other people under your Alaska Mileage Plan account — so transferring miles isn’t completely necessary if you want to book a flight for a friend or family member. .If you’re in need of some miles, the Alaska Airlines Visa Signature credit card is offering a 30,000-mile sign-up bonus after spending $1,000 in the first 90 days of account opening.Sign up for our daily newsletterEmail addressSign upI would like to subscribe to The Points Guy newsletters and special email promotions. The Points Guy will not share or sell your email. See privacy policy.