A couple of days ago I wrote about how the LifeMiles program is offering a special Cyber Week promotion on purchased miles. Through this promotion you can buy miles with up to a 145% bonus. Not only is this one of the biggest bonuses they’ve offered on purchased miles, but the other great thing is that the bonus applies even if purchasing miles in small increments, while in the past you often had to buy 101,000+ miles to unlock the lowest possible cost.
Well, it gets even better than that. LifeMiles is offering a special 150% bonus on purchased miles for readers of OMAAT.
To take advantage of this offer you have to register on this page between November 23 and November 26, 2017, and then have to buy miles between November 24 and November 27, 2017.
You have to wait 24 hours from the time you register until you buy miles through the offer to get the better bonus. You should see the better bonus reflected on the purchase page once you’re eligible.
You can purchase anywhere between 1,000 and 200,000 miles using this offer (pre-bonus), meaning that you’d end up with anywhere between 2,500 and 500,000 miles. LifeMiles ordinarily sells miles for 3.3 cents each, so if you max out the promotion and buy miles with a 150% bonus, you’re essentially paying just 1.32 cents per purchased mile. I don’t recall ever seeing a better deal on purchased LifeMiles that everyone is eligible for.
To crunch the numbers even further, purchasing LifeMiles qualifies as airfare spend for the purposes of your credit card. So if you buy miles with the Chase Sapphire Reserve you’d earn three Ultimate Rewards points per dollar spent, while if you buy miles with the Amex Platinum Card you’d earn five Membership Rewards points per dollar spent. I value those points at ~1.7 cents each, so to me that’s a further return of 5.1-8.5%, which lowers your real out of pocket for those miles even further.
I’d highly recommend registering now, and then you can always still decide if you want to take advantage of the promotion later.
Thanks to LifeMiles for generously offering this promotion to OMAAT readers!