Now all this has finished up I thought I would let people know how I got on. As I stated earlier in the thread when the promotion came around I had already established family accounts (5) but no miles in any of them. I also opened an account for one of my siblings partners on the day the promo started. The following is what I managed to do:
Buy in A | A-1000 |
Share A to B | B-2000 (1000) |
Share B to A | A-4000 (2000) |
Share A to B | B-8000 (5000) |
Share B to A | A-16000 (10000) |
Share A to B | B-32000 (21000) |
Share B to A | A-64000 (42000) |
Share A to C | C-98000 |
Balance in A | A-15000 |
Share A to B | B-30000 (36000) |
Share C to B | B-46000 (44000) |
Balance in C | C-90000 |
| |
Final Account Balances | |
Share B to D | D-90000 |
Share C to E | E-90000 |
Share C to F | F-90000 |
Note: Values in brackets was tracking the amount of bonus miles each account had received.
Total cost: USD$3300 (AUD$3491)
90,000 miles cost: AUD$1163
Return J to Asia for approx $1350 AUD.
I had no issues with instant transactions to all accounts until the final one to the one new account created at the start of the promo. All transfers were done with the one credit card carrying my surname which is the same surname as the 5 established accounts. Some may think what I did was a bit risky but it was all legitimate transactions within the T&C's of the promotion. It is an interesting one when they run the share promotion because I feel it is expected that people will be buying miles for others.