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According to the Shop with Gift Points link the price of a 1 year premium in GPs is 1,399,500. https://www.writing.com/main/my_gifts/tab/shop
You said you had about 1,200,000 so you'd need to buy 200,000 GPs to purchase that membership with GPs. It's $10 for 100K GPs (you'd have to buy them twice) or $25 for 250K GPs. https://www.writing.com/main/shop/cat/Gift_Points