Lufthansa has launched a new feature via the Miles & More mobile app – the ability to transfer your miles to someone else for a ludicrous price.
And yet …. and yet …. you still might end up using it.
For some reason the new transfer feature is only available in the app. For a cost of €10 per 1,000 miles, you can move your Miles & More miles to someone else. There is a 35,000 miles per year cap on either transferring or receiving miles.
This is NOT great value at 0.9p per mile, given that no new miles are being created.
However …. Lufthansa may have you over a barrel. Miles & More miles have a hard expiry date of three years. Unless you have elite status, your miles expire irrespective of how much account activity you have. The only way to stop it is to get the Miles & More credit card, and even then you need to spend on it regularly for three months before protection kicks in.
My wife has 8,000 miles expiring on 30th September. Her total balance is only 17,000 miles. 17,000 is enough for a one-way from the UK to Germany in Economy but, with full taxes due, it is still a bad deal compared to 4,500 Avios + £17.50 with BA.
Should I pay €80 to move her expiring 8,000 miles to me? I’m not keen. If a promo came along to acquire Miles & More miles for 0.9p, I probably wouldn’t do it. It makes no sense that I am even contemplating paying the same to move expiring miles from her to me. And yet, a nagging voice doesn’t want to see them wasted.
I could also redeem 9,200 miles for a £25 shopping gift card – a pathetic 0.27p per mile. Despite being terrible value, it is still something – so transferring 9,200 of her miles to me effectively costs me 1.17p per mile (0.9p transfer fee and the 0.27p of Amazon gift card I would otherwise get).
Let’s see where I end up – I have until 30th September to decide how we spend them. If you want to transfer any expiring Miles & More miles, you will find the option in the app but not on the Miles & More website.
(Want to earn more miles and points from credit cards? Click here to visit our dedicated airline and hotel travel credit cards page or use the ‘Credit Cards Update’ link in the menu bar at the top of the page.)