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Just a friendly reminder that the lucrative 100% bonus on shared miles currently being offered by US Airways ends tomorrow, October 15, 2013, so if you haven’t shared your miles already, you’ve just got a day left to do so.

Last week's Thursday Giveaway was inspired by the Share Miles promotion.
Last week’s Thursday Giveaway was inspired by the Share Miles promotion.

The reason I keep reporting on this is that it’s been a while since we’ve seen a bonus that high on shared miles through the airline. Other airlines have only offered up to 50% on share miles promos lately, and US Airways has only been offering bonuses on purchased miles this high lately as well, and what’s more, this isn’t a targeted promotion like some past promotions, and there is no need to register as you will receive the 100% bonus miles automatically when you go to the Share Miles page.

Through the promo, each member can receive up to a maximum of 50,000 bonus miles, but you can send as many miles as you’d like from each account to other accounts and each of those is eligible for up to those 50,000 bonus miles.

If you were to purchase miles, they normally cost 3.5 cents each plus a 7.5% tax, and sharing miles costs 1 cent each plus a $30 processing fee and 7.5% tax. However, with this promo the cost per new bonus mile created through sharing drops to just about 1.1 cents each. For example, sharing 50,000 miles would cost you $567.50, and you’d be generating a bonus 50,000 miles for that price for a total of 100,000 miles in the receiving account which is enough for a lot of different awards), which can be an amazing deal depending on how you redeem those miles.

Key Rules and limitations

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).
2. The 100% bonus goes to the person who receives the miles- not the one transferring them.
3. The maximum bonus per account is 50,000 and receive is 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 points per $1 on flights booked directly with airlines on the Premier Rewards Gold or 2x on Sapphire Preferred, or 2x on the no-fee Barclaycard Arrival.
6. Bonus amounts will be awarded upon completion of the transaction.

Whether this promo is worth it to you depends on your travel needs and the award you intend to redeem your miles for. US Airways is a Star Alliance member and has a pretty 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. For example, I used 110,000 US Airways miles to book a roundtrip award ticket from New York to South Africa last year in business class on South African Airways, which would have cost $8,000+ if I had paid for it outright, and roundtrip business class award tickets from North America to Asia are just 90,000 miles with US Airways, which would cost you $990 at 1.1 cents per mile, but on which airfares would be north of $4,000-$5000.

As always, do the math for yourself before deciding to jump on this promotion, but this is one of the best US Airways offers we’ve seen lately – more valuable in my opinion than the recent 100% buy miles promos – and there’s no telling how many more of them we’ll see as the American-US Airways merger stop-and-start process continues.

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

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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