Lifemiles are on sale again from now till 30 May with a 100% base bonus.
Depending on how much you buy, you enjoy an additional bonus that can be as high as 125%
- 1,000-50,000 LifeMiles, 100% bonus (1.65 cents per mile)*
- 51,000-100,000 LifeMiles, 115% bonus (~1.535 cents per mile)*
- 101,000-200,000 LifeMiles, 125% bonus (~1.467 cents per mile)*
*all prices above in USD
Is this the best deal I’ve ever seen? Nope. in recent memory, Lifemiles have gone at sale with bonuses as high as 140%
- December 2016- 140%
- November 2016- 140%
- September 2016- 140%
- May 2016- 135%
So 1.467 cents per mile isn’t a terrible price to jump in, but if you’re willing to wait there will be better deals. To put things in perspective, a one-way business/first class award ticket to the USA costs 78K/99K miles, so the savings if you wait for a 140% sale would be $72/$91 respectively. Actually, now that I say it aloud, it doesn’t sound like that big a saving.
If you want to buy, login to your Lifemiles account and click on Buy Miles. You’ll see this screen. Click on “other” to enter the amount you want to buy, and you’ll see the summary of the transaction on the RHS.
A few points to remember
- You can buy a maximum of 200,000 LMs a year, before bonus. So, if you haven’t bought any now, you could buy 200,000 LM and get a total of 450,000
- Lifemiles purchases will code as airline purchases (Avianca), so if you use your DBS Altitude card you will earn 3 mpd. Or you could use your DBS Woman’s World/ HSBC Advance, both of which will get 4 mpd.
- Lifemiles cancellation fees have recently increased up to 4X what they were previously. It used to be that you could cancel a Lifemiles ticket for US$50, now it’s as high as US$200 depending on route. This makes booking LM tickets as a precaution more expensive
- Here’s the Lifemiles award chart for your reference
- Lifemiles does not charge fuel surcharges on award tickets
I’m also gonna copy pasta some advice I’ve given in previous articles
You should not be buying Lifemiles if your goal is to fly with SQ. This is because
(1) Lifemiles (and other *A partner programs) does not have access to SQ’s long haul First and Business class space. You will at best be able to book SQ’s regional business class seats on the A330
(2) SQ awards are cheaper to redeem through the Krisflyer program than via Lifemiles
It’s also not a good idea to buy Lifemiles speculatively.
That said, if you’re cognizant of all the potential shortcomings of Lifemiles and have a place in mind to head to, why not give it a shot?