Avianca LifeMiles is offering a transfer miles bonus again for July 3 to 17, 2014. During this promotion, the cost to generate miles drops again from 3 cents per mile to 1.5 cents, which is the classic purchase rate for LifeMiles during both buy and transfer promotions. Lifemiles runs either a purchase or transfer bonus every couple of months, which last ran in May.
Lifemiles Transfer Promotion Details
As it is a transfer bonus, it means that you do need to have miles in your account (or have friends, relatives, pets, pet rocks etc. that have miles in their accounts). Transferring miles will cost 1.5 cents each. They are giving you a bonus mile for every mile you’re transferring, so that means essentially you’re given the option to “purchase” miles at 1.5 cents, up to 75,000 miles per calendar year between LifeMiles accounts. Filling in the form is very straightforward and the bonus miles box automatically populates:
Transferring 10,000 miles costs $150, and with the promo you get 10,000 bonus miles. Transfers have to be done in blocks of 1,000 miles.
Would I recommend transferring miles through this promo?
Yes, if you know that you’re going to get a good value from the miles as even with a regular redemption you can get a business/first class redemption to Asia or Europe for just under $1500 one way on Star Alliance partners. They also have extra access to Lufthansa and Singapore Airlines award space. Keep in mind, through cash and points, that you can top up for an award at the time of ticketing with cash and points. You only need 50% to get the same 1.5 cent ratio to top up for the redemption.
For more information about Lifemiles, check out my post on Lifemiles Tricks and Strategy. Lifemiles purchases are processed directly with the airline, so do use cards which offer category bonuses for airline purchases. They process in USD so for Canadians use a card with no foreign transaction fee such as the Chase Marriott Visa.