Originally Posted by
AdamSouthFL
1.3 cpm? So buying 33K miles today for $990 for a total of 66K at 1.5 cpm was not the best plan?
Maybe I am doing this all wrong. After I discovered the miles + cash with LM I gave up on flying for elite status because I can just book my own F tix with 40% + cash.. essentially a deep discounted F tix. So I've been hoarding miles to make sure I have bountiful amounts of those 40% miles.
If someone doesn't even have 40% of the miles, can he attempt to book an award and just buy the miles at the end of the transaction? At 1.3 cpm this seems like a cheaper option. Like just have 2000 miles in the account, attempt to book an award where I need 42,000 miles, buy 40,000 for 1.3 cpm, and pay cash for the rest.
Before buying miles today I had 60,799 that cost 0.48 cpm to earn and adding 66K brought the totals to 126,799 at 1.01 cpm.
Buying the 66K miles for $990 was a good plan. But as others have noted, you need 40% of the required miles for any ticket, before you can use the More Miles feature. If you don't have that 40% when you want to book your award flights, you can buy miles at the prevailing rate (1.5 cpm until 4/30, 3.0 cpm after that). Then add the rest of the miles (More Miles, 60% at 1.3 cpm) during booking.
I always like to keep between 100K-200K in my LifeMiles account just to be ready in case I need to use them quickly. I "topped up" my account yesterday by adding another 100K.