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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.

US Airways
Earn up to a 100% bonus on purchased US Airways 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

The American Express Platinum card has some of the best perks out there: cardholders enjoy the best domestic lounge access (Delta SkyClubs, Centurion Lounges, and Priority Pass), a $200 annual airline fee credit as well as up to $200 in Uber credits, and mid-tier elite status at SPG, Marriott, and Hilton. Combined with the 60,000 point welcome offer -- worth $1,140 based on TPG's valuations -- this card is a no-brainer for frequent travelers. Here are 5 reasons you should consider this card, as well as how you can figure out if the $550 annual fee makes sense for you.

Apply Now
More Things to Know
  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • Enjoy Uber VIP status and free rides in the U.S. up to $15 each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings.
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5X Membership Rewards points on prepaid hotels booked on amextravel.com.
  • Enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
  • $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. Enrollment required.
  • $550 annual fee.
  • Terms Apply.
  • See Rates & Fees
Intro APR on Purchases
N/A
Regular APR
N/A
Annual Fee
$550
Balance Transfer Fee
See Terms
Recommended Credit
Excellent/Good
Terms and restrictions apply. See rates & fees.

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