Oil-man
May 21, 12, 9:55 am
Hi,
I don't know if arbitrage is the right word, but it seems to fit quite nicely in this context. I only had 14k orphan miles left in my DC account, as these would not get me anywhere meaningful, and with young kids redemptions are more difficult.
Then the buy miles promotion (+20%) had me thinking. I offered them to may dad along with the fact that I could buy him another 48k miles for £510 (24k for me and 24k from my wife, combined to my account as head of family). So for £510 I boosted by account from 14k to 62k miles.
With the 60k miles I booked him in J on Thai, LHR-BKK-HKT-BKK-LHR. This cost £510 (miles) + £405 (cash) + £438 (taxes) + £4.50 (CC fee) which is just shy of £1350 in total. Now considering a J Thai fare is double that with any flexibility to cancel, he's very pleased with himself.
I did say with a Avios position flights he could have had CPH-CDG-BKK-HKG-HKT(stop)-CDG-CPH in F (and the new suites on the CDG-BKK run) for the same money and miles (or nearly £500 cheaper in J), but being 72 he wants an easy life:)
Anyway for those of you with a few thousand orpan miles there some fantastic arbitrage opportunies, if the equivalent discounted all business fare (with flexibility to cancel) is still high
Even in you don't have any miles left, for £255 will buy you enough miles to do the following route in J, TUN-IST-CPT-IST-TUN with TK (22500 miles+cash) and with an Avios positioner LHR-TUN for £27+miles.
Or you I believe you can also do CPH-SIN-MLE-SIN-MLE in J for 30000 miles+cash. You just need more than 7.5k of orphan miles or a family account to buy a few more miles.
I think there are some great arbitrage opportunites out there by buying miles. Anyone recently done something similar?
I don't know if arbitrage is the right word, but it seems to fit quite nicely in this context. I only had 14k orphan miles left in my DC account, as these would not get me anywhere meaningful, and with young kids redemptions are more difficult.
Then the buy miles promotion (+20%) had me thinking. I offered them to may dad along with the fact that I could buy him another 48k miles for £510 (24k for me and 24k from my wife, combined to my account as head of family). So for £510 I boosted by account from 14k to 62k miles.
With the 60k miles I booked him in J on Thai, LHR-BKK-HKT-BKK-LHR. This cost £510 (miles) + £405 (cash) + £438 (taxes) + £4.50 (CC fee) which is just shy of £1350 in total. Now considering a J Thai fare is double that with any flexibility to cancel, he's very pleased with himself.
I did say with a Avios position flights he could have had CPH-CDG-BKK-HKG-HKT(stop)-CDG-CPH in F (and the new suites on the CDG-BKK run) for the same money and miles (or nearly £500 cheaper in J), but being 72 he wants an easy life:)
Anyway for those of you with a few thousand orpan miles there some fantastic arbitrage opportunies, if the equivalent discounted all business fare (with flexibility to cancel) is still high
Even in you don't have any miles left, for £255 will buy you enough miles to do the following route in J, TUN-IST-CPT-IST-TUN with TK (22500 miles+cash) and with an Avios positioner LHR-TUN for £27+miles.
Or you I believe you can also do CPH-SIN-MLE-SIN-MLE in J for 30000 miles+cash. You just need more than 7.5k of orphan miles or a family account to buy a few more miles.
I think there are some great arbitrage opportunites out there by buying miles. Anyone recently done something similar?