My dad earns a lot of velocity points from travelling to and from work. He is currently at silver with approx. 108000 points, I’m on red with approx. 4900pts.
Dad is currently paying approx $300 for lounge membership annually, and doesn’t travel much to use his points. He just wants access to lounge when he flies for work.
So, from what I have read so far, I am thinking it is better that we POOL so I can have access to his points AND his Silver status, and also contribute to then OUR status and points. But if I TRANSFER, all I will get is his points? - Is this all correct? If her transfers his points to me, will he get to keep his Silver status?
Who is, or should be, the beneficiary if POOLing?
What happens if I pull out of the pool later on? Can I transfer his points to my account?
(we’re both at the same address)
Sorry about all the questions in the one post. I just wanted to clarify before I made my move.