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While the 100% bonus on shared/transferred miles US Airways offered last October was something to consider since it meant you could essentially buy miles at 1.1 cents each, the airline is currently offering a less-thrilling 50% bonus on shared miles that equates to spending about 2.3 cents per mile.
You don’t have to register for this, just go to the Share Miles page and you’ll see the bonus is automatically offered. It is valid from April 1-April 31, 2013, and the maximum bonus is 25,000 miles (for sharing 50,000 miles).
You can share miles at a cost 1 cent each plus a 7.5% tax and a $30 per-transaction processing fee. If you were to share the maximum of 50,000 miles, you’d be spending a total of $567.50. By paying that, you’re minting 25,000 new miles with the transfer bonus, so your new miles will have cost you 2.27 cents each. That’s still well below the usual cost of buying miles at 3.5 cents each plus the same taxes and fees, but nothing amazing.
Just some other key rules to keep in mind if you are considering this:
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 (75,000 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 out of an account is 50,000 and receive is 75,000 (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.
While I’m probably not going to take advantage of this, if you are looking to consolidate miles from different accounts or are looking to buy the last few miles necessary for a specific award, this could be worth taking advantage of because I don’t think we’ll see any more share/transfer bonuses from US Airways before the merger with American airlines gets underway in earnest later this year.
The Business Gold Rewards Card from American Express OPEN
|Intro APR||Regular APR||Annual Fee||Balance Transfer||Credit Rating|
|N/A||N/A||$0 introductory annual fee for the first year, then $175||See Terms||Excellent Credit|