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Now through May 31, 2013, US Airways is offering up to a 100% bonus on purchased miles. There is a limit 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 round trip business class ticket to South Africa, which is what I recently did. About $2,000 for an $8,000+ flight is a great 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. Also note that you get 5,000 miles off US 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 2015. I wouldn’t bank on that, but even as US Airways miles, they can be extremely valuable depending on how you use them.
The Platinum Card® from American Express
|Intro APR||Regular APR||Annual Fee||Balance Transfer||Credit Rating|
|N/A||N/A||$450||See Terms||Excellent Credit|