Christian
In this article
This week Miles & More sent its reminder: until 31 October 2026 there is a 50 percent mileage bonus on every Bundle&Go package, and since September the two large bundles also include status Points and Lufthansa Business Lounge vouchers. The email sells it as a travel voucher. The sober question is a different one: what does a mile cost, and where is it worth more than that?
The short answer: in the largest bundle a mile costs just over one cent. That is a good price, but only if the mile ends up in a long-haul Business or First Class seat. For anything else it is too expensive.
The four bundles and the price per mile
Bundle&Go does not sell free amounts of miles, only four fixed packages. Processing runs through Points.com, and your card statement shows "Bundles by PTS - M&M". With the October bonus, the publicly listed bundles look like this:
- S: 7,500 miles for 125 euros, so 1.67 cents per mile. No Points, no lounge voucher.
- M: 75,000 miles for 1,050 euros, 1.40 cents per mile, plus one lounge voucher.
- L: 150,000 miles for 1,850 euros, 1.23 cents per mile, plus 100 Points and two lounge vouchers.
- XL: 225,000 miles for 2,650 euros, 1.18 cents per mile, plus 150 Points and three lounge vouchers.
The price list in the October email itself quotes 2,500 euros for XL and 1,750 euros for L. If your account shows the same 225,000 miles at that price, you land at 1.11 cents per mile. Offers are partly personalised, so log in and check the mileage in your own account before you do the maths.
Without the bonus, the same mile in the XL bundle costs about 1.7 cents. At that price buying practically never pays off. The bonus is not the extra, it is the whole deal. The smaller bundles barely work even with the bonus; S is really a top-up for a missing remainder.
The cap is 300,000 purchased miles per calendar year, and the bonus does not count against it. So no more than two XL bundles a year. A purchased bundle cannot be refunded.
What a Miles & More mile is worth when you redeem it
A mile has no fixed value. It is worth whatever the ticket you avoid buying would have cost, minus the cash Lufthansa still charges on top. According to the running analysis by reisetopia, 2026 looks roughly like this:
- Vouchers and Worldshop: about 0.3 cents. With purchased miles you lose almost three quarters.
- Hotels and car rental: about 0.4 cents.
- Economy: about 0.7 cents. The surcharges eat most of the value.
- Premium Economy: about 1.1 cents. Break-even at best.
- Business: about 1.7 cents on average.
- First: about 2.3 cents on average, with peaks of 4 to 5 cents.
That draws the line clearly. At a purchase price of 1.11 to 1.18 cents, only Business and First win. Everything below would have been cheaper in cash.
The maths on a real flight
The averages above use the list price of a Business ticket. The honest comparison is the price you would actually have paid without miles. One reference point: according to an analysis by meilenoptimieren, long-haul Business awards from Munich in July 2026 averaged 67,865 miles plus 656 euros in surcharges per direction.
With purchased miles at 1.18 cents, such a flight costs 801 euros in miles plus 656 euros in surcharges, about 1,460 euros one way or roughly 2,910 euros return. At 1.11 cents it is about 2,820 euros. That is the number you compare against the cash fare on your travel date. If the Business return costs more in cash, the purchased miles win. If a sale fare is cheaper, the bundle was just an expensive prepayment.
Since June 2025 Lufthansa award prices are dynamic, and the same route costs noticeably more or fewer miles depending on the day. That gives the most important rule: find award availability for the specific trip first, then buy. Buying miles for stock means betting on today's award prices, and over the past few years those have only moved in one direction.
Then there is expiry. Miles & More miles expire after 36 months unless you hold a Miles & More credit card or status. For a flight planned in the next few months that does not matter; for a mileage stockpile it does.
The new Points: not a shortcut to status
New in the L and XL bundles are 100 and 150 Points respectively. That sounds like a shortcut to Frequent Traveller, which requires 650 Points. It is not. Frequent Traveller requires 650 Points including at least 325 Qualifying Points, Senator 2,000 Points including 1,000 Qualifying Points. From everything known so far, the bundle Points are regular Points, not Qualifying Points. They do not replace a flight; they only top up the total.
They help in exactly one case: if you are just short of the total threshold at the end of 2026 and already have the Qualifying Points, an XL bundle closes the gap. The qualification window ends on 31 December 2026, and status earned now is valid until the end of February 2028. For everyone else the Points are decoration.
Lounge vouchers: suddenly relevant
A month ago the lounge vouchers would have been a footnote. Since 1 October 2026, however, no Amex card opens a Lufthansa lounge any more, neither Platinum nor Centurion. If you fly out of Frankfurt or Munich without Lufthansa status, you are standing outside the Business Lounge.
Each voucher is valid for one visit by one person to a Lufthansa Business Lounge worldwide, for twelve months from issue. SWISS and Austrian lounges are excluded according to travel-dealz. The vouchers arrive in your Miles & More inbox by the 7th of the following month at the latest. Three lounge visits are no reason to buy a bundle, but they are real added value if you would have bought anyway.
The other partner perks in the email are weaker. The Priority Pass discount is worthless for Platinum and Centurion holders, since the card already includes it. The hotel bonus and the Avis discount are one-offs and cannot be combined.
My take
At just over one cent per mile, the XL bundle with the bonus is one of the cheapest ways to get Lufthansa miles. It pays off when three things come together: a specific long-haul Business or First flight, award seats available on your date, and a cash fare higher than miles plus surcharges. Then the Points and the lounge vouchers are a pleasant extra.
For Economy, vouchers and miles for stock, buying is a loss. Without the bonus it always is. And if you collect your points with Amex, note that Miles & More is not a direct transfer partner of the German Membership Rewards programme, so purchased miles are often the only quick way to close a gap for a Lufthansa award. That is exactly what Bundle&Go is good for: filling the gap for a booking that is already decided.
