anat0l
Enthusiast
- Joined
- Dec 30, 2006
- Posts
- 11,669
Can we share to one account and then share back?
Not sure if confirmed but from FT:
You have 50,000 and mom has 50,000.
You share 50,000 to mom. You now have zero and mom has 150,000.
Mom shares 50,000 to you. You now have 100,000 and Mom has 100,000.
You are allowed to do the above scenario once.
You can also do A shares to B who shares to C who shares to A.
You can have a chain as long as you want. As long as each individual account only receives the bonus once.
Looks OK with me.
For those with a "dummy" account, it would usually go something like:
You have 50k and dummy has 0.
You share 50k to dummy. You now have 0 and the dummy has 100k.
The dummy shares 50k to you. You now have 100k and dummy has 50k.
The net result is that the dummy (or second) account will always get some miles from the master account; that said, you've doubled your balance at the cost of 50k in a collateral account. But this is great for couples.
I wonder if the economics are still pretty good (i.e. the net position) if you were to transfer the "residual" 50k from the dummy to your account at the prevailing Share Miles rate, even if the residual doesn't give you any bonus (but net result is that you now have the whole 100k that was made in the promo).