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As a reminder, the US Airways 100% Buy Miles Promotion ends this Friday, May 31st. US Airways is offering up to a 100% bonus on purchased miles, which is limited to 50,000 purchased miles (so 100,000 with the bonus). It is a tiered bonus, so you only get the full 100% bonus if you buy at least 30,000 miles.
Here’s how it works:
- Buy/gift 5,000 – 9,999 miles, get a 25% bonus
- Buy/gift 10,000 – 19,999 miles, get a 50% bonus
- Buy/gift 20,000 – 29,999 miles, get a 75% bonus
- Buy/gift 30,000 – 50,000 miles, get a 100% bonus
Miles are sold for $.035 cents each plus a 7.5% tax recovery charge. You can only buy up to 50,000 miles at time (100,000 with the bonus) so 100,000 miles through the buy miles promotion costs $1,881.25, or nearly 1.9 cents per mile. For 110,000 miles you can get a roundtrip business class ticket to South Africa, which is what I recently did. About $2,000 for an $8,000+ flight is a pretty great deal. Coach redemptions are generally not as good of a deal.
Normally miles cost 3.5 cents a piece plus tax, but with this promo if you buy 30,000-50,000 miles, they cost 1.9 cents each. This isn’t as great as the share miles promo that they had in the past where miles cost just about 1.1 cents each, 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.
Other good redemption values are 90,000 miles for business class to Asia and 110,000 miles to the South Pacific (which you can also route through Asia with a stopover). Also note that you get 5,000 miles off US Airways awards if you have the US Airways MasterCard.
This could be a great way to get some American AAdvantage miles, because if/when the merger is approved, you should be able to switch miles in between programs until they are finally merged in 2014 or even later. I wouldn’t bank on that, but even as US Airways miles, they can be extremely valuable depending on how you use them. If you want to get in on this deal, just make sure you do so by the end of the day on Friday, as the deal ends at 11:59pm Pacific Time. 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.
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.