Wednesday, May 6, 2015
Avianca: Up to a 120% Bonus when buying LifeMiles (and how it can save you $$$ on award flights)
If you have followed us for sometime you'll know this is a decent option to get Star Alliance flights on the cheap especially in business class. However Avianca announced back on September 30th the price to buy miles will go up 10% and had changes to their award chart on October 15th which were a devaluation. So what should you do? If you know that you can make your travel work and get the LifeMiles redemption(s) of your choice go ahead and buy the miles however I wouldn't buy them if you don't think you'll use them over then 3-6 months just in case another award chart devaluation comes along.
For us we the miles cost US 1.5 cents a piece +GST. This brings the price down to levels prior to September 30th, 2014. It appears that those who are eligible for the extra 20% can only 68,000 miles (+81,600 bonus miles) for a total of 149,600 miles. However you don't have to buy that many miles. For 78,000 miles you can get a one-way business class ticket to North Asia (Japan, China, Korea etc) from Canada depending on availability. With the bonus this means you only have to buy 36,000 miles for US$1,188 (lets say $1500 Canadian)
Here is a great example of how this bonus can be utilized for some huge savings!
Air Canada Business Class One-way from Calgary to Tokyo costs $5494.41 all in
Same ticket using Avianca LifeMiles with this promotion and taxes costs around $1,600 (and its only 75,000 miles even though their reward chart shows 78,000 miles!)
That's a saving of over $3,800!
Another decent feature of LifeMiles is their Cash + Part Miles option but that was devalued over a year ago. This option only requires that you have 40% of the points for a reward (so buy 40% during this 100% bonus period) and then you can buy the rest of the miles (the other 60%) at about 1.56 cents per mile (used to be 1.25 cents!). So if you get the 20% bonus with the current promo you are better of buying all the miles but if you only qualify for the 100% bonus where the miles cost you 1.65 cents you may want to go with the Cash+miles options
Some things to consider with the buy miles option before you pull the trigger is that their call center tends to be on the less helpful side so you are better off booking award tickets online which also means you are limited to the powers of that source, mixed class awards are not allowed unless you book each award ticket as separate one way flights and they have devalued the program without notice in the past so only buy these miles if you think you will use them in the next short while
Earn up to 120% Bonus LifeMiles when you buy LifeMiles online. You must be a LifeMiles member as of May 4 to purchase. Full details Until May 29, 15