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?