LifeMiles has just launched their latest promotion on purchased miles, valid through February 28, 2017.
Through this promotion, LifeMiles is offering up to a 125% bonus on purchased miles. This is a tiered offer, where you get a bigger bonus the more miles you buy, as follows:
However, on top of that, some accounts seem to be targeted for a 135% bonus. This seems to be for those who purchased LifeMiles recently, based on the wording of the email I received.
For example, when I go to the “buy miles” page for my account, I have the opportunity to purchase 470,000 miles for a total of $6,600, which is a cost of ~1.4 cents per acquired mile.
With “just” the 125% bonus, you’re looking at a cost of ~1.47 cents per mile.
For 2017, LifeMiles has increased the maximum number of miles you can purchase per calendar year from 150,000 to 200,000 miles. This is pre-bonus, so in practice you can acquire a lot more miles per year thanks to the big bonuses they offer.
LifeMiles is a unique currency, and nowadays is a lot better than it used to be. You can redeem the miles for one-way awards, they don’t impose fuel surcharges on any award redemptions, they have competitive redemption rates, and as long as you have 40% of the miles needed for a redemption, you can purchase the remaining miles at the time you issue your ticket for as little as 1.5 cents per mile.
As far as redeeming LifeMiles go, Avianca is in the Star Alliance, so check out the Star Alliance award chart for redemption rates. To give a few examples of one way premium cabin redemption rates:
Of course everyone has to crunch the numbers for themselves and decide whether this makes sense or not.
For a bit of context on how this compares to past promotions on the purchase of LifeMiles:
As you can see, most of the bonus offers are roughly in the same range. Often the biggest difference is the number of miles you need to buy in order to activate the highest possible bonus. So in general I recommend buying LifeMiles based on when you’re ready to redeem them, rather than based on the minimal differences in the bonuses.
LifeMiles processes mileage purchases directly, meaning that buying miles with them qualifies 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:
Here we’re seeing LifeMiles offer a 125-135% bonus on purchased miles, which can represent a great deal. If you’re looking to book a premium cabin Star Alliance ticket, I’d seriously consider taking advantage of this offer.
As I always say, everyone has to crunch the numbers for themselves as to whether or not this makes sense. There are great values to be had, though in general I also don’t like to hoard miles.
Do you plan on buying LifeMiles with a 125-135% bonus?