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Back when it first launched at the beginning of the month, I wrote about US Airways’ current 100% bonus promotion on shared miles that equates to purchasing miles for roughly 1.1 cents each and why it’s such an amazing deal.
This is just a reminder that if you’ve been considering scoring bonus miles this way, the promo comes to an end this Wednesday, October 31. Unlike some past promotions, this one isn’t targeted and there is no need to register as you will receive the 100% Bonus Miles automatically when you go to the Share Miles page.
As I pointed out in my post from earlier this month, normally US Airways miles cost 3.5 cents each plus a 7.5% tax, but with this promo that cost drops to just about 1.1 cents per mile, which can be an amazing deal depending on how you redeem those miles.
Just remember, there are a few rules.
1. You must be a Dividend Miles member for at least 12 days, so sign up now if you are not and want to take advantage (sign-up here for a free account). This promotion limits mileage sharing to 50,000 miles (100,000 miles with the bonus).
2. The 100% bonus goes to the person who receives the miles, not the one transferring them.
3. The maximum you can transfer into an account is 50,000 so the recipient ends up with 100,000 (which includes the bonus miles).
4. For each Share there is a processing fee of $30 and a 7.5% tax recovery charge and GST/HST will be charged to Canadian residents.
5. This transaction is processed by points.com so it won’t count towards airfare multiplier categories like the 3x on the Premier Rewards Gold or 2x on Sapphire Preferred.
As always, whether a promo like this is worth it depends on your travel needs and the award you intend to redeem your miles for. If you are hoping for low-level domestic coach redemptions or awards on competitive international routes, you’re probably better off just buying tickets. However, US Airways is a Star Alliance member and has a generous award chart, so if you are hoping to redeem premium class awards on expensive routes with low taxes, then you could definitely reap some value from this promotion.
As always, do the math for yourself before deciding to jump on this promotion, but this is one of the best US Airways offers I’ve seen in a long time and much less complicated than their Mileage Maximizer promotion I took advantage of this past summer.
Chase Sapphire Preferred® Card
|Intro APR||Regular APR||Annual Fee||Balance Transfer||Credit Rating|
|N/A||16.24%-23.24% Variable||Introductory Annual Fee of $0 the first year, then $95||See Terms||Excellent Credit|