US Airways 100% Buy or Gift Miles Is Back Through May 25 2014
Update: Some offers mentioned below are no longer available. View the current offers here.
The famous US Airways 100% Buy Miles bonus has returned now through May 25, 2014. This promotion essentially allows you to buy or gift miles for 1.88 cents but in order to get the full bonus of 100%, you'll need to buy 30,000-50,000 miles.
If you buy 10,000-19,000 miles, you just get a 50% bonus, and if you buy 20,000-29,000 miles, you get a 75% bonus. I'd suggest buying or gifting at least 30,000 miles so you score that lucrative 100% bonus level, but I always max out this bonus by purchasing 50,000 miles to get the full 100,000 miles added to my account. The bonus is coded into the Buy and Gift miles pages so you don't have to register, just enter your first name, last name and account number.
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. However, with this promo the cost of buying miles drops to just about 1.88 cents per new mile created from the bonus, since you are paying the 7.5% tax, but generating twice the miles. For example, buying 50,000 miles would cost you $1,881.25 ($1,750 pre-tax), and you’d be generating a bonus 50,000 miles for that price (100,000 miles would be in the new account which is enough for a lot of different awards), which can be an great 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. If you Gift Miles the 100% bonus goes to the person who receives the miles - not the one transferring them.
3. The maximum number of Buy and Gift Bonus miles that can be received by one member for this offer is 50,000 bonus miles (so 100,000 total including the bonus miles).
4. Share transactions are not eligible for this bonus.
5. Miles are purchased at $0.35 plus 7.5% tax recovery charge and GST/HST will be charged to Canadian residents.
6. 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 Card from American Express or 2x on Sapphire Preferred, or 2x on the no-fee Barclaycard Arrival.
7. Bonus amounts will be awarded upon completion of the transaction.
8. Miles purchased through Buy, Share or Gift Miles do not count towards Dividend Miles Preferred status.
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 sweet spots - for instance 110,000 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 1.9 cents, the value you're getting it for is $2090, not far off from 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 we may not see any more of them as the American-US Airways merger process continues.