Through December 16, 2011, Delta is offering a 100% bonus on transferred miles. Transfers cost one cent per mile, plus a $30 per transaction processing fee. You can transfer a maximum of 30,000 SkyMiles in a single transaction. That means transferring 30,000 SkyMiles would cost you $330, and would get you 60,000 miles in the second account (a net gain of 30,000 miles). That’s an amazing 1.1 cents per mile.
The fine print is that you can transfer a maximum of 150,000 miles out of a SkyMiles account per calendar year, and a maximum of 300,000 SkyMiles into a SkyMiles account per calendar year. Of course you can have multiple family members take advantage of the offer. The major restriction is that accounts need to have been been open for at least 10 days before taking advantage of this offer, and must have earned at least one mile before taking advantage of the offer.
This is the second time this year that Delta is running this promotion. They offered the same promotion in August and September, and as I mentioned at the time, I intended to take full advantage of the promotion.
Keep in mind that if you don’t currently have any Delta SkyMiles you can build your balance to take advantage of this promotion by transferring points from American Express Membership Rewards using the current bonus, which is a 30% refund of Membership Rewards points, the equivalent of a 43% bonus.
When it comes to most promotions for purchasing or transferring miles I usually have the same general advice: only take advantage of the offer if you have a specific use for the miles in mind.
So I’m about to make a bold statement. A really bold statement. You guys ready? I recommend speculatively buying SkyMiles at this rate. Are you in shock? Yeah, I can’t believe I said it either.
I hate to admit it, but as a relative matter, Delta SkyMiles are getting more and more valuable by the day. One of my biggest complaints about SkyMiles is that you can’t redeem them for international first class. Well, given recent events, including Lufthansa no longer releasing first class award space in advance, that competitive disadvantage isn’t as major of a point anymore.
Nowadays I’d actually say that SkyMiles are best positioned for a lot of different types of trips, including:
- Business class to Europe on Air France
- Business class to Tahiti on Air France/Air Tahiti Nui
- Business class to Mauritius on Air France through Paris
- Business class to India/Middle East on Air France
- Business class to Australia on V Australia
So seriously, how can you go wrong here?
This translates to an $1,100 business class ticket (plus tax) from Los Angeles to Paris on Air France:
This translates to a $1,650 business class ticket (plus tax) from Los Angeles to Tahiti on Air France:
Don’t have any plans over the holidays and hate your family and/or in-laws? SkyTeam still has plenty of award space to Europe over the next few weeks. Forget British Airways’ $2012 business class sale, this is nearly half the price.
And there really is a lot of award space. I randomly just typed in Seattle to Amsterdam, for example, and take a look at the amount of low level award space:
So if you’ve got the money sitting around, this is one of those things that just can’t be a bad investment, in my opinion.