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US Airways just launched one of its famous 100% Share Miles bonuses where you can essentially buy miles for 1.1 cents each now through April 13, 2014. Unlike past Share Miles promos where the 100% bonus was good on any number of miles you shared, this one is tiered – so to get the full bonus of 100%, you need to share 30,000-50,000 miles.
If you transfer 10,000-19,000 miles, you just get a 50% bonus, and if you transfer 20,000-29,000 miles, you get a 75% bonus, so if you have at least 30,000 miles, I’d suggest making the full transfer so you score that lucrative 100% bonus level. The bonus is coded into the Share Miles page, so you don’t have to register.
The reason this is such a good deal is that, if you were to purchase miles, they normally cost 3.5 cents each plus a 7.5% tax. Sharing miles costs 1 cent each plus a $30 processing fee and 7.5% tax – and you’re not getting any new miles, simply shifting miles around from one account to another. However, with this promo the cost of “buying miles” drops to just about 1.1 cents per new mile created from the bonus, since you are paying the share miles costs and fees, but generating twice the miles. For example, sharing 50,000 miles would cost you $567.50, and you’d be generating a bonus 50,000 miles for that price (and 100,000 miles would be in the new 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.
2. The 100% bonus goes to the person who receives the miles – not the one transferring them.
3. The maximum bonus per recipient account is 50,000 miles (so 100,000 total including 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 for 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.
As always, it depends on your travel needs and the award you intend to redeem your miles for. US Airways recently exited Star Alliance and joined Oneworld, though it retained some Star Alliance partners including EVA, Singapore Airlines and South African Airways – which means there are some great award redemptions on Star Alliance carriers still possible using your US Airways miles, as well as world-class new ones on its new Oneworld partners like Cathay Pacific and Qantas. Check out my list of the Top 11 Awards To Book With US Airways Miles Now That It Is A Member of Oneworld.
The airline has a generous award chart with some unbeatable sweet spots – for instance 90,000 miles roundtrip in business class to North Asia (which would include Taipei on EVA and Hong Kong on Cathay), and 110,000 miles roundtrip in business to either the South Pacific including Australia and New Zealand (possibly on Qantas, though those awards are rare) or in business class on South African Airways.
To put that in perspective – if you were to buy that business class Cathay ticket, it would cost about $6,000, but at the Share Miles price of 1.1 cents, the value you’re getting it for is $990, pretty much the cost of a coach ticket!
Economy redemptions are generally not as good an idea, but US Airways does have some flexible routing options which might make it worth it for you. Also note that you get 5,000 miles off US Airways awards if you have the US Airways MasterCard.
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 we might not see any more of them as the American-US Airways merger process continues.