Avianca’s LifeMiles program has just announced that they’re offering a 100% bonus on transferred miles between February 1 and February 8, 2017. Obviously 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 100% bonus). In other words, transferring 75,000 miles would cost $1,125, and you’d receive a total of 150,000 miles in the account you transfer to. At a cost of 1.5 cents per generated mile, that’s not a half bad deal.
On the surface transferring miles with a 100% bonus is a good deal compared to the 100% bonus that LifeMiles often offers on purchased miles. That’s because with transfers you can generate LifeMiles for 1.5 cents each, while with buying miles you can generate them for 1.65 cents each.
However, lately we’ve seen some bigger bonuses on purchased miles. For example, in December we saw LifeMiles offer up to a 140% bonus on purchased miles, which was an opportunity to acquire LifeMiles for as little as 1.375 cents each. The catch is that there was a big minimum you needed to buy to take advantage of the offer, while in this case you can generate miles at 1.5 cents each in any increment you like.
There are lots of great uses for LifeMiles, so I know many people will find this offer to be worthwhile.
If you do end up paying to transfer miles, keep in mind that LifeMiles processes mileage transfers directly, meaning it would qualify as an airfare purchase. Therefore you’ll want to use a credit card that offers bonus points on travel, like The Platinum Card® from American Express, Premier Rewards Gold Card from American Express, Citi Prestige® Card, Chase Sapphire Preferred® Card, etc.
LifeMiles’ 100% bonus on transferred miles is a great opportunity to pick up miles in any quantity for 1.5 cents each, assuming you have an existing points balance. While you’ll sometimes see marginally cheaper costs to purchase miles, the benefit here is that you can pick them up even in small quantities, while usually there’s a big minimum to maximize LifeMiles’ buy miles promotions.
Do you plan on transferring LifeMiles with a 100% bonus?