Has LM increased the CPM of the "cash" miles?
May 22, 2013, 11:26 pm
#1
Original Poster
Join Date: May 2001
Location: TYO
Posts: 1,496
Looks like LM has increased the cost of a "cash" mile.
I was looking at a redemption earlier and am 100% certain it was about $100 cheaper (this is before taxes and booking fee) earlier tonight.
For instance.... on the redemption I'm looking at:
37,000 miles = 578.30 or 0.01563 CPM
A redemption I did a few weeks back:
19,000 miles = 269.95 or 0.01420
EDIT: I replicated the above booking... 19,000 miles now costs 294.85 or 0.01551 CPM!
Sounds like another "enhancement" post-Freddies!
For instance.... on the redemption I'm looking at:
37,000 miles = 578.30 or 0.01563 CPM
A redemption I did a few weeks back:
19,000 miles = 269.95 or 0.01420
EDIT: I replicated the above booking... 19,000 miles now costs 294.85 or 0.01551 CPM!
Sounds like another "enhancement" post-Freddies!
Last edited by pr0digy25; May 23, 2013 at 1:22 am
May 23, 2013, 2:39 am
#3
Join Date: May 2006
Location: YYZ
Posts: 731
What's astonishing is the speed at which they are killing the goose that lays the golden eggs.
Whatever additional cash they manage to pry out of members will be vastly overshadowed by the foregone cash from further mileage purchases by those who have lost faith in the program to not devalue its award chart further and without notice.
Whatever additional cash they manage to pry out of members will be vastly overshadowed by the foregone cash from further mileage purchases by those who have lost faith in the program to not devalue its award chart further and without notice.
May 23, 2013, 4:09 am
#4
Join Date: Mar 2008
Location: NCL and LBA
Programs: BD*G, BAGold, Hyatt Diamond, SPG Plat
Posts: 3,269
Program was already pretty poor to start with (no mixed-class, poor routing possibilities, poor call centre etc.)... now they are just making it more and more unattractive.
Last edited by pogonation; May 23, 2013 at 4:26 am
May 23, 2013, 5:51 am
#6
Join Date: Sep 2005
Location: SIN
Programs: SQ, UA, Delta, BMI(RIP), Marriott Lifetime Titanium, Hilton Diamond (Thanks Amex) Hyatt Discov
Posts: 1,942
17% more expensive, all in
All in $930 SIN-USA One Way business became $1089 all in - 17% increase in all in cost ( assuming miles bought at 1.5 cents - I hope they don't mess up with that part of the equation soon too!)
May 23, 2013, 6:24 am
#7
Original Poster
Join Date: May 2001
Location: TYO
Posts: 1,496
On a North America to North Asia J ticket.... the price of the "cash" miles never goes below 1.5 cpm. Total cost based on your other miles purchased at sale (1.5 cpm).
If you use the minimum miles, the cost per "cash" mile actually begins to increase as you "bottom out".
If you use the minimum miles, the cost per "cash" mile actually begins to increase as you "bottom out".
Last edited by pr0digy25; May 23, 2013 at 6:41 am
May 23, 2013, 8:12 am
#11
Original Poster
Join Date: May 2001
Location: TYO
Posts: 1,496
Perhaps the OP in the "Avianca/Taca Lifemiles may be Best Program in Star" thread can edit his first post and amend NOT recommending Life Miles.
A program that doesn't communicate with reasonable sufficiency any changes goes to the bottom of the list in my books.
A program that doesn't communicate with reasonable sufficiency any changes goes to the bottom of the list in my books.
May 23, 2013, 10:17 am
#12
Join Date: Feb 2010
Location: YVR
Posts: 1,465
I am glad I did not pull the trigger at the latest promo. Not buying any more miles. With recent increases and devaluations (and I am sure more of that stuff is coming), the program has now lost any advantages it previously had.
May 23, 2013, 10:40 am
#13
FlyerTalk Evangelist
Join Date: Oct 2011
Location: Anywhere I need to be.
Programs: OW Emerald, *A Gold, NEXUS, GE, ABTC/APEC, South Korea SES, eIACS, PP, Hyatt Diamond
Posts: 16,046
Luckily I have no more miles to burn in any of my accounts.
(I also liked how I could make multiple accounts using different addresses/emails.)
(I also liked how I could make multiple accounts using different addresses/emails.)
May 23, 2013, 11:00 am
#14
Join Date: May 2003
Programs: UA1k; Bonvoy Titanium; Hilton Gold; IHG Gold; AA Plat Pro
Posts: 1,794
On a North America to North Asia J ticket.... the price of the "cash" miles never goes below 1.5 cpm. Total cost based on your other miles purchased at sale (1.5 cpm).
If you use the minimum miles, the cost per "cash" mile actually begins to increase as you "bottom out".
If you use the minimum miles, the cost per "cash" mile actually begins to increase as you "bottom out".
May 23, 2013, 11:22 am
#15
Original Poster
Join Date: May 2001
Location: TYO
Posts: 1,496
Thanks... thought it would be of benefit to everyone.
I did it myself out of frustration last night of trying to get the LM site to accept a very simple and logical routing. After an hour or two I finally got it to bite, then the price had jumped.
I did it myself out of frustration last night of trying to get the LM site to accept a very simple and logical routing. After an hour or two I finally got it to bite, then the price had jumped.