So, last week Lifemiles raised some of it’s award prices which you can read about here. It seems like they’ve now increased the price for cash and miles.
Originally the cash and miles price was 1.275 cents per mile when you moved the slider all the way to 60%.
Now the engine is offering to let you purchase miles at 15,000 miles for $236.40.
This means the price of a mile is now 1.576 cents, which is a percentage change (devaluation) of over 23%.
It actually ends up cheaper now, when max out purchasing the miles during cash and miles. The sweet spot is no buying now buying 48% of the miles, which makes the cash and miles at 1.5 cents. Sot that means the devaluation is still around 20%.
So with any award now, you want to be buying 48% of your miles for the best price, instead of 60% previously.
I find this extremely disheartening as they just devalued last week! This just reaffirms how I feel lifemiles are on a very slippery slope. What are they going to do next? Add fuel surcharges?