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Thread: Cost of Transferring Miles to a Friend or Relative
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Old Apr 3, 2024 | 3:12 am
  #1  
LongGun
5 Years on Site
 
Join Date: Sep 2019
Programs: Turkish Elite, Emirates Skywards, Qatar , Flying Blue, KrisFlyer
Posts: 18
Cost of Transferring Miles to a Friend or Relative
I could book a return business class ticket from the UK to Bangkok on Turkish for £2545. If I booked using miles and cash, by using 56400 miles the cost to be paid in cash would be reduced to £2201.

As far as I can work out, Miles&Smiles lets you transfer miles to friends and family for a cost of USD $20 per 1000. At an exchange rate of 0.79 USD to GBP, this would cost 56.4 x 20 x 0.79 = £891. If I used these miles to book this flight, the total flight cost would be £2201 plus £891 (for the cost of the transferred miles) = £3092. A cost of £547 more than paying straight cash.

Am I misunderstanding how miles transfers work?
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