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Update: Registration for the extra 10% bonus has ended, so all that remains is the normal sale until September 30, which I detail below.
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Avianca LifeMiles is offering a bonus of up to 135% on purchased miles through September 30, 2015. You can buy up to 150,000 LifeMiles during the sale and get up to 202,500 bonus miles.
LifeMiles cost 3.3 cents each, so with a 135% bonus, you get the miles for 1.40 cents each. For instance, 237,350 total miles would be $3,333 or 1.40 cents each. That’s the cheapest I’ve seen LifeMiles sold. Normally they cost 1.5 cents during sales.
When to Buy (Math)
Here are the prices for each number of miles (including bonus) that you can purchase.
- 1,500 to 4,500 miles for 2.2 cents each
- 7,000 to 10,500 miles for 1.89 cents each
- 14,000 to 24,000 miles for 1.65 cents each
- 26,650 to 51,250 miles for 1.61 cents each
- 54,600 to 84,000 miles for 1.57 cents each
- 88,150 to 129,000 miles for 1.53 cents each
- 137,250 to 225,000 miles for 1.47 cents each
- 237,350 to 352,500 miles for 1.40 cents each
I value LifeMiles at 1.5 cents per mile at the moment. Buying them for 1.4 cents per mile is not enough of an inducement for me because I don’t have an immediate use for them, and miles get devalued all the time. I don’t want to shell out $3,000+ on such an uncertain investment.
Many people should have a similar view of this sale and buy zero miles. As with most mile sales, the main way it make sense to buy miles at these prices is if you have an immediate high value use for them.
Possible Immediate High Value Uses
There are a ton of deals on the LifeMiles award chart, which allows one way redemptions with no fuel surcharges on all 27 Star Alliance partners, so an immediate high value use is very possible.
Do not just use the award chart, though. Make sure you can book what you want to book on lifemiles.com. You can do an award search with zero miles in your account. The reason for this extra step is that if you can’t book your award online, LifeMiles call centers are nearly useless.
Also remember that you cannot mix cabins on LifeMiles awards. That means you can’t fly domestic economy to connect to international Business Class. And your international First Class awards are probably only going to be one segment, since they cannot connect to Business Class regional flights.
Cuba
Americans can book awards to Cuba with LifeMiles. For instance, here is a search from Washington-Dulles to Havana, Cuba. It costs 17,500 LifeMiles + $31.65 or 7,500 miles + $181.65.
Buying miles during the award booking often costs 1.5 cents per mile as in this case.
If you bought all the miles for a one way award to Cuba during the current sale, you’d pay:
- $297: 18,000 miles at 1.65 cents each
- $31.65: taxes and fees
- $328.65 total, unbeatable for a one way award to Cuba
Europe in Business Class
The United States to Europe is 63,000 miles each way in Business Class. The Star Alliance has great award space.
You could buy 26,650 miles (13,000 + bonus) for $429 and buy the last 37,000 miles for $555 at the time of booking. That would get you a one way in Business Class for about $1,000 total after taxes.
See How to Consistently Buy Business Class Tickets to Europe for about $1,000 and Anatomy of an Award: Using LifeMiles to Buy Business Class Ticket Between Europe and USA for $1,040 for full details on these awards.
There are similar deals all over the world and in all cabins through this sale, too many to list here. Investigate where you want to go on the award chart and then make sure you can book the award you want. If the math works out, buy LifeMiles.
Good Amounts to Buy If You Want to Buy
One thing you’ll also learn from searching on lifemiles.com is that most LifeMiles awards offer the chance to pay just 40% of the required miles and buy the rest for 1.5 cents during the award booking. Keep that in mind when determining the number to buy during this sale. For Europe, that means, buying at least 26,000 LifeMiles during the sale and the rest when booking the award.
Buy LifeMiles with These Credit Cards
LifeMiles purchases are processed directly by Avianca. That’s great news!
It means you can buy them with your Citi Prestige® Card, and its $250 Air Travel Credit will refund you the first $250 of the purchase price of the miles (plus you’ll earn 4x ThankYou Points on the first $250 of the miles purchase.)
It means that the Citi ThankYou® Premier Card offers 3x ThankYou Points on the purchase of LifeMiles.
It means you can purchase LifeMiles, then use your Arrival miles for an offsetting statement credit.
Bottom Line
You can buy 252,500 Avianca LifeMiles for $4,950 or 1.40 cents each. That’s too high to buy speculatively, but there are a lot of immediate awards you can book where that price offers great value.
The LifeMiles sales are now processed by Avianca itself, so you can get category bonuses on cards that bonus airline or travel purchases like my latest card, the Citi Prestige® Card which offers 3x on purchases from airlines and a $250 Air Travel Credit, or you can use your Arrival Plus to get American Airlines miles for zero cash.
Hat Tip Antoni in the comments
Just getting started in the world of points and miles? The Chase Sapphire Preferred is the best card for you to start with.
With a bonus of 60,000 points after $4,000 spend in the first 3 months, 5x points on travel booked through the Chase Travel℠ and 3x points on restaurants, streaming services, and online groceries (excluding Target, Walmart, and wholesale clubs), this card truly cannot be beat for getting started!
Editorial Disclaimer: The editorial content is not provided or commissioned by the credit card issuers. Opinions expressed here are the author’s alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers.
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There’s another better deal – if you buy the miles through this link (specific for a Brazilian blog’s reader – so anyone can take advantage of it) you can get additional 10% – http://www.buymorelifemilespromo.com/?lang=en
Awesome. I’ll add it to the post.
Scott,
With the 10% extra bonus above, I think the price drops to US$.01346 per mile for purchases of 101,000 – 360,000 miles. If that is correct, is that price low enough for you to consider buying LMs speculatively?
g
I’m still not going to because the minimum purchase size to get them for 1.35 cents each is $3,333. I figure I can’t use the miles quickly enough to ensure a good return on that.
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I’m a newbie with miles and award travel but I travel often now. I followed your recommendation to qualify for the 135% bonus and I just received an email from Lifemiles saying that if I redeem my miles before Oct 15th it’s at a reduced amount (I can’t tell how much of a reduction it is).
My question is basically, if I can make use of the Lifemiles with travel over the next year with no intention of keeping them longer than that, does it make sense to buy them for 1.4C?
Do the math. It depends on the redemption.
No wonder you have so few comments. Do the math.
It’s the only correct answer to your question.
The math isn’t that hard to do lol. Just punch in places you want to go and see if you get value out of the miles or not…lol.
Scott can easily give you possible redemptions that are profitable…so can a lot of us. But no one knows where you want to go, etc. etc.
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[…] If you don’t currently have LifeMiles you can still participate in this new award chart sweet spot since LifeMiles sells their miles, and right now they are doing it with a nice bonus of up to 135% based on the number of miles purchased through September 30th (terms do state you had to be a LifeMiles member as of 9/7/15 to get the bonus). With the promo you can buy LifeMiles for as low as 1.4 cents each via a tiered bonus that gives you additional bonus miles the larger your purchase is – with the largest bonuses requiring pretty huge purchase amounts. MileValue breaks down the prices for the sale in detail here. […]