Avianca/TACA LifeMiles, a member of the Star Alliance, is offering a 100% bonus on miles transferred between accounts through March 17, 2014.
During the promotion, the cost to transfer each mile is 1.5 cents. For every mile taken out of your account, the transferee receives 2 miles.
- I pay $150 to transfer 10k miles to my friend.
- My account loses 10k miles. His account gains 20k miles.
- The net gain of 10k miles cost $150 or 1.5 cents per mile.
Is it a good deal? Should you transfer LifeMiles? Why should everyone pay attention to LifeMiles?Editorial Disclaimer: The editorial content is not provided or commissioned by the credit card issuers. Opinions expressed here are author’s alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers. If you liked this post, sign up to receive one free daily email every morning with all of the day’s posts! You can also follow MileValue on Twitter and Facebook. Earn 75,000 bonus American Airlines miles after spending $7,500 in the first three months on the Citi® / AAdvantage® Executive World Elite™ MasterCard®. Plus get American Airlines Admirals Club membership for super-cheap economy awards and ultra-luxury First Class awards.