Avianca LifeMiles 125% Transfer Bonus Until August 31, 2020

2 Comments

Avianca, a bankrupt Colombian airline – based in Panama, has launched a new offer to transfer LifeMiles between accounts.

LifeMiles members can transfer miles with a 125% bonus to other members (you send 1,000, and the recipient gets 2,250) through August 31, 2020.

You can access Avianca’s page for transferring miles here.

There is a fee of $15 for every 1,000 miles converted. The price of a newly minted LifeMiles under this offer is 1.2 US cents each ($15/1,250).

Conclusion

This transfer offer allows members essentially to create additional miles through the bonus. US Airways Dividend Miles used this method successfully for many years (was fantastic Star Alliance program for awards), and Avianca later adopted it.

I would not, however, buy any LifeMiles right now, as Avianca has filed for bankruptcy protection. It is unclear when and how the airline will come through the reorganization.

LifeMiles is a separate company, not in bankruptcy. There is very little value for a member or potential buyer, however, if the airline behind the program ceases to exist.

I could consider buying LifeMiles if you have use for them in the next few months, the award availability exists using LifeMiles, and you can issue the award ticket now.

Here are the terms and conditions of this sale:

  • This promotion is valid from August 18th to August 31st, 2020 (between 00.00-23.59 GMT -6, El Salvador), as the last date of transfer.

  • Transfer fee for each block of 1,000 LifeMiles: US$15.00 not including applicable taxes and US$18.30* including applicable taxes according to the country of correspondence registered in the LifeMiles database**

  • The 125% bonus is calculated over the amount of miles to be transferred.

  • Miles transfer is available through Avianca´s Call Centers, LifeMiles.com and Avianca Information Centers. For residents of Venezuela, it is only available through LifeMiles.com.

  • At LifeMiles.com, the purchase can only be done through BUY MILES/ Transfer your miles.

  • Only form of payment through Avianca’s Call Center and LifeMiles.com: international credit or debit card. Cash payments are only allowed at Avianca’s Information Centers.

  • The miles must be transferred in multiples of 1,000.

  • Minimum transfer miles: 1,000.

  • Maximum transfer miles per member per calendar year: LM 75,000 (excluding additional bonuses).

  • Maximum LifeMiles to receive per member per calendar year: LM 75,000 (excluding additional bonuses).

  • The miles transferred and earned with this promotion do not apply to achieve or maintain Elite status.

  • The transfer of miles is not reversible or refundable, except in countries where this right is granted by applicable law, such as the right to retraction in Colombia, in the cases where it applies. The transfer of miles is an immediate execution transaction. Once the miles are transferred, they will be accrued immediately on the receiving member´s account. As of that moment, the miles can be used according to the terms and conditions of the LifeMiles Program. Miles transferred, once accrued, can be redeemed in accordance with the conditions specified in the LifeMiles Program Terms and Conditions and the portfolio of products and services available for redemption.

  • LifeMiles Terms and Conditions apply. LifeMiles is a trademark of LifeMiles LTD.

  • *For residents in Colombia: the values are settled based on Colombia´s exchange rate on the date of the transaction. For residents in Peru the fee for each package of 1,000 miles transferred is US$ 15.00 or S/. 52.77 including taxes. Prices in Nuevos Soles reflect the reference exchange rate to July 28th, 2020: S/. 3.518 per US$1. Final prices in Nuevos Soles will be determined based on the exchange rate of the date of the transaction. For residents in other countries, the values are settled based on the official exchange rate provided by IATA. **The price can be lower depending of the correspondence country entered on the Member´s profile in their LifeMiles account.

YOU MIGHT ALSO LIKE