This is just a reminder that today (April 3, 2019) is the last day to take advantage of this 125% bonus when you share miles with others, which I consider to be an excellent deal. This is a cheaper way to generate LifeMiles than any bonus we’ve seen on purchased LifeMiles in a very long time. This of course assumes you have an existing mileage balance.
The LifeMiles program often offers bonuses on purchased miles, though it has been quite a while since we’ve seen a bonus on transferred miles. Well, that has finally changed, and they’ve just launched a great offer.
Transfer LifeMiles and get a 125% bonus
You can earn a 125% mileage bonus when you transfer LifeMiles to another member between March 26 and April 3, 2019.
To be clear, this is only referring to 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 125% bonus). In other words, transferring 75,000 miles would cost $1,125, and you’d receive a total of 168,750 miles in the account you transfer to. So that’s like being able to generate miles for 1.2 cents each (since you’re generating 93,750 miles for $1,125) while being able to consolidate miles into a single account.
Generating miles for 1.2 cents each is just about lower than any other cost you’ll see on generating LifeMiles. For example, even when LifeMiles is offering a 140% bonus on purchased miles, you’re looking at a cost of 1.375 cents per mile.
So this is an excellent deal, and is not only useful if you’re looking to consolidate miles into a single account, but can generally be worth it.
Get an even better deal by using 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 spend. Therefore you’ll want to consider using one of the following cards for your purchase, since they offer the following bonus miles for airfare spend:
|Card||Points earned on airfare spend|
|The Platinum Card® from American Express||5x Membership Rewards points per dollar spent|
|Citi Prestige Card||5x ThankYou points per dollar spent|
|American Express® Gold Card||3x Membership Rewards points per dollar spent|
|Chase Sapphire Reserve®||3x Ultimate Rewards points per dollar spent|
|Citi Premier℠ Card||3x ThankYou points per dollar spent|
|Chase Sapphire Preferred® Card||2x 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 ~1.1 cents each.
Should you generate LifeMiles at this cost?
AviancaTaca is in the Star Alliance, which means you can redeem LifeMiles on all Star Alliance airlines (which is what makes them 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
Business class between the US and Europe can be a great option as well.
Everyone has to crunch the numbers for themselves and decide whether this makes sense or not.
Historically LifeMiles doesn’t always have access to all the same space that other Star Alliance programs do. LifeMiles recently introduced a new website, and with that, they seem to be blocking fewer partner airlines.
However, there are also lots more reports of people not finding partner award space, so be sure you do some searches to get a sense of availability before buying miles this way.
LifeMiles doesn’t offer as many bonuses on transferred miles as they used to, but this represents an excellent deal. A 125% bonus on transferred miles translates to a cost of just 1.2 cents per generated mile, and potentially even lower when you factor in the credit card rewards you’re earning.
Personally this is a rate at which I’d speculatively generate LifeMiles, but to each their own.
Do you plan on transferring LifeMiles with a 125% bonus?