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US Airways has once again launched their famous 100% Share Miles Bonus now through June 30, 2014 though the terms are a bit different this time around. Normally the Dividend Miles member who received the miles would receive the 100% bonus, but US Airways decided to change the rules and split the bonus so the sender will get 50% and the recipient will get 50%. Also, “the maximum number Share Bonus miles that can be received by one member for this offer is 50,000 bonus miles. All miles shared beyond this limit will not be eligible for a bonus.”
Another change that was added into this bonus is that the price to share miles increased from 1 cent to 1.5 cents per mile. You also get hit with a $30 processing fee and a tax recovery charge of 7.5%. While this 100% bonus used to be extremely lucrative because you were essentially buying miles at 1.1 cents a piece, it’s now lost some of its luster since you are buying miles for about 1.7 cents a piece- and they’re split up between two separate accounts.
For example, sharing 50,000 miles would cost you $836.25 after taxes and fees, and you’d be generating a bonus 25,000 miles for that price (and 75,000 miles would be in the receiving account) for yourself and 25,000 for the recipient.
Key Rules and limitations
1. You must be a Dividend Miles member for at least 12 days.
2. The 100% bonus will be split between the sender and received.
3. The maximum bonus per recipient account is 50,000 miles (so 75,000 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 points per $1 on flights booked directly with airlines on thePremier 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.
Even though the terms to this promotion have changed and the bonus is now split, it is still a great deal for those of you who manage multiple accounts. 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. Check out my list of the Top 11 Awards To Book With US Airways Miles Now That It Is A Member of Oneworld.
Another thing to keep in mind is that these will become American Airlines AAdvantage miles at some point in 2015. US Airways is currently in the process of merging with American Airlines, flyers on both airlines can already earn and redeem miles reciprocally, and that means that the Dividend Miles and AAdvantage programs will eventually merge as well. That’s great news for US Airways flyers who don’t have much of an AAdvantage mileage bank stored up because if past mergers are anything to judge by, we should be able to swap miles between accounts before they actually do merge, and book the most advantageous awards from either program.
Of course you should do the math and make sure this promotion makes sense for you but I’d definitely advise you to take advantage of this as long as you have a redemption idea set up so you can redeem your miles as soon as possible so that you’re not affected by future devaluations – and there will certainly be more of them as American and US Airways merge their frequent flyer programs.
A cheaper way to boost your US Airways balance is with the US Airways Mastercard, which offers 40,000 miles after the first purchase for an annual fee of $89 (plus a bunch of other valuable perks). Even after the introduction of the Chase Sapphire Reserve, the Chase Sapphire Preferred is still a fantastic choice if you want to avoid the Reserve’s $450 annual fee, earn 2x on all travel & dining and earn a 50,000 point sign up bonus.
Even after the introduction of the Chase Sapphire Reserve, the Chase Sapphire Preferred is still a fantastic choice if you want to avoid the Reserve’s $450 annual fee, earn 2x on all travel & dining and earn a 50,000 point sign up bonus.