LifeMiles Offering 120% Mileage Transfer Bonus

Filed Under: AviancaTaca, Great Deals
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LifeMiles has just rolled out its latest promotion to generate miles — rather than offering an outright bonus on purchased miles, LifeMiles is offering a bonus when you transfer LifeMiles to another member.

Transfer LifeMiles and get a 120% bonus

Through Tuesday, March 30, 2021, LifeMiles is offering a 120% bonus when you transfer LifeMiles to another member. You do have to log into your account to see this offer, so I can’t guarantee everyone will be eligible for this. It does seem to be the standard offer based on the accounts that I manage.

To be clear, this bonus is only valid when transferring miles between LifeMiles accounts. This doesn’t apply to transferring flexible points to LifeMiles, for example. This is only useful if you have an existing LifeMiles mileage balance, since you can’t transfer miles you don’t have.

LifeMiles charges 1.5 cents per transferred mile, and you can transfer up to 75,000 miles per year (before the 120% bonus). In other words, transferring 75,000 miles would cost $1,125, and you’d receive a total of 165,000 miles in the account you transfer to.

That’s like being able to generate miles for 1.25 cents each (since you’re generating 90,000 miles for $1,125), while being able to consolidate miles into a single account.

Earning miles for 1.25 cents is an excellent price, and is competitive with the cost at which LifeMiles ordinarily sells miles. This is a solid deal, and is not only useful if you’re looking to consolidate miles into a single account, but can also be useful as a method for generating miles.

Make sure you use the right credit card

The real cost potentially gets even lower. If you take advantage of this, keep in mind that LifeMiles processes mileage transactions directly, meaning that this would qualify as airfare spending. Therefore you’ll want to consider using one of the following cards for your purchase, since they offer the following bonus miles for airfare spending:

CardPoints earned on airfare spend
The Platinum Card® from American Express5x Membership Rewards points per dollar spent
Citi Prestige Card5x ThankYou points per dollar spent
American Express® Gold Card3x Membership Rewards points per dollar spent
American Express® Green Card3x Membership Rewards points per dollar spent
Chase Sapphire Reserve®3x Ultimate Rewards points per dollar spent
Citi Premier® Card3x ThankYou points per dollar spent
Chase Sapphire Preferred® Card2x Ultimate Rewards points per dollar spent

For example, if you’re earning 5x points per dollar spent, and you value those points at 1.7 cents each (as I do), that’s like a further 8.5% return. That essentially makes the cost per purchased mile ~1.14 cents.

Is generating LifeMiles at this cost worth it?

Avianca is in the Star Alliance, which means you can redeem LifeMiles on all Star Alliance airlines (which is what makes the program so great). To give a few examples of one-way premium cabin redemption rates (there are no fuel surcharges on any awards):

  • US to Europe in business class costs 63,000 miles
  • US to Europe in first class costs 87,000 miles
  • US to Southeast Asia in business class costs 78,000 miles
  • US to North Asia in first class costs 90,000 miles

Sometimes there are even promotions on redemptions, which can offer even more value.

Personally I generally don’t speculatively buy points, but with a specific use in mind this could be a great value, whether you’re looking at traveling in first class on All Nippon Airways or Lufthansa, or are looking at traveling in business class on a countless number of airlines.

I recently redeemed LifeMiles for ANA first class

Do note that in some cases LifeMiles doesn’t have access to the same award availability as Star Alliance partners, for better or worse. In some cases the program hasn’t had access to partner awards that other airlines did have access to, and in other cases the inverse was true.

That’s why I always recommend doing some “dummy” award searches before acquiring miles in a program, so you can get a sense of how award availability lines up with your needs.

I recently redeemed LifeMiles for Lufthansa business class

Bottom Line

LifeMiles doesn’t offer as many bonuses on transferred miles as in the past. Being able to generate miles for 1.25 cents each (potentially even less after factoring in credit card rewards) is a good deal.

However, personally I’d only take advantage of this if you have a fairly short term use of LifeMiles in mind, given all the uncertainty in the industry.

Do you plan on transferring LifeMiles with a 120% bonus?

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  1. So, in theory, could someone transfer miles to another account and then transfer them back again to the original account?

  2. If you use a Lifemiles credit card would you get the extra 10% which I believe the terms state refers to purchased miles..?

  3. I am now stuck with 180K of Life Miles at inept and unethical Avianca after Swiss canceled a segment of my flight and Avianca did not inform me for more than a week after my itinerary as canceled. Buy that point their Star Alliance Business seat allocation for the entire month of travel was gone.

    I am being charged a $50 point redeposit fee. The balance of the taxes is promised 3-5 month after they canceled my flight as they claim this is industry practice (what BS) .

    Yes, there are often promotions to transfer bank points to them making their redemptions look attractive . Prove to yourself this is bad idea. Pick up the phone and try to call them. Start a long movie. If anyone ever does answer it will be long after the movie credits roll. I have experienced 3 + hours to reach an agent not counting disconnects. Then the agent had no idea how to complete the transaction and simply hung up. Now imagine your at the airport for a long planned international departure and the carrier your flying has an issue with your ticket and you can not reach Avianca.

    Although domestic redemptions via Life Miles are not a great deal like using Turkish I do not want to lose my points. Booking domestic Star Alliance Partner flights close to departure should be reasonably safe. International flights I book well into the future and I will never trust Avianca again.

    I have heard that if I file a credit card dispute with with credit card over the fees that I run the risk of Avianca closing my Life Miles account and losing my points. Has anyone filed a credit card dispute and did Avianca retaliate?

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