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Earlier today US Airways announced an amazing 100% bonus on sharing miles that equates to purchasing miles at roughly 1.1 cents a piece.

I just received a targeted email offering a 100% bonus on purchased miles until October 31, 2012. Normally miles cost 3.5 cents a piece plus tax, but with this promo they come out to just about 1.9 cents each, which isn’t as great as the share miles promo, but not a horrible option for those people who want to buy a small amount of miles so they can leverage the share miles promo- since you need existing miles to take advantage of that bonus.

It is a targeted promotion, but I tried out a few other accounts that I manage and some were eligible even though they didn’t get the email, so it can’t hurt to try and login and see whether the 100% bonus offer populates. If you are eligible, once you enter your information it’ll show red text highlighting the bonus.
 100,000 miles through the buy miles promotion costs $1,881.25,  or nearly 1.9 cents per mile.

Alternatively, you could purchase 12,000 miles and get a 12,000 mile bonus for $451.50. You could then transfer those 24,000 to another person’s Dividend Miles account for $288 and account number 2 would end up with 48,000 miles. You could then transfer those 48,000 back to account #1 for $546 ending up with 96,000 miles for only $1,285.50, or almost 1.3 cents per mile- much cheaper than buying them outright.

If you need to increase your US Airways balance to take advantage of the Share Miles bonanza, you can also transfer Starwood points to US Airways at a 1:1 ratio and you get a 5,000 mile bonus for every 20,000 points transferred. Note: it can take up to a week or more to transfer from SPG to US Airways so plan in advance- if you start now, you’ll have more than enough time before the promotion ends October 31, 2012.

Chase Sapphire Preferred Card

With great transfer partners like United and Hyatt, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game.

Apply Now
More Things to Know
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Named Best Credit Card for Flexible Travel Redemption - Kiplinger's Personal Finance, July 2016
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR on Purchases
N/A
Regular APR
16.49% - 23.49% Variable
Annual Fee
Introductory Annual Fee of $0 the first year, then $95
Balance Transfer Fee
5.00%
Recommended Credit
Excellent Credit

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