Through the end of October there is a potentially very lucrative promotion with US Airways where you are given a 100% bonus when sharing miles with another US Airways account.  There is a cost for sharing miles, so in some ways it helps to think of this as a “buying miles” promotion.  The cost to share miles is 1.135 cents per mile, but you then get a 100% mileage bonus for the account you are sharing the miles into, so it is a very good price for purchasing miles if you plan to use them for high priced tickets.

You can read all about the promotion and some examples of some great ways to use the miles you purchase/share, in this post.  However, the purpose of this particular post is to share some info that a reader sent me on how they really maximized this promotion.

Just wanted to let you know that you can share your dividend miles and pay with your Capital One Venture card and get the charge reimbursed if you have enough Venture points in your account to cover the transaction.  I can confirm this works as I have done this twice.  It is a good way to redeem your not-so-great Venture points directly for miles.  One consideration is the taxes and fees on top of the price of the miles, but in my opinion topping off my wife and my accounts at US Airways allows for much better redemption options such as an Envoy Suite to Europe, or Lufthansa Business class to Rome via Frankfurt.  Those flights can be pricey as you know!  Have a good one!

If you have points left from the massive Cap One Venture Card 100,000 point sign-up bonuses that were available for a limited time in early 2011 and 2012, then this may be a good use for those points.  Assuming you have US Airways miles to share, someone to share them with, and you have enough Cap One points to cover the cost of the entire transaction (they are worth 1 cent per point), then you can potentially turn 56,750 Cap One points into 50,000 US Airways miles via this sharing miles promotion.  Of course, you can also do a smaller transaction, but 50K is the maximum.  That is a pretty solid trade in my book considering that the points from the Venture card are worth a fixed 1 cent per point for travel redemptions, and US Airways miles are conservatively worth 1.5 cents per point, and if used strategically they are worth 2 cents or more per point.

I just did a purchase/share US Airways miles transaction today back and forth with my husband’s account, but I don’t have a Venture card, so I can’t test this one out myself.  I’d love to hear from others who have done this though!  My pending transaction from sharing miles today shows as “Points US Airways Miles” since the transaction is processed by points.com.  If I hadn’t heard from someone who’d done the transaction themselves, I would not have known it worked since the transaction is processed by points.com, and the points on the Venture card have to be used for travel…but in a way this is for travel, so there you go.

 

Posted by mommypoints | 18 Comments

18 Responses to “Potentially Use “No Hassle” Points for the US Airways Share Miles Promo”

  1. deb says:

    How long does it take for the shared miles to post?
    Thanks

  2. The Weekly Flyer says:

    Instantly.

  3. Chris says:

    Did something similar with the big Radisson promo in the summer. Did cash + points bookings (made sense to use small amount of points rather than full rate) and put the cash portion on C1 and used the Venture point to wipe that out.

  4. mommypoints says:

    Yup, instant for us as well!

  5. Matt says:

    You have to call and ask CapitalOne for the purchase to be covered FYI. I simply said I recently made a US Airways purchase and I would like to cover it with my points. I wa shocked to hear, “No problem Mr. Finch!” I didn’t think they would cover it because it is not a “ticket” technically. Did it twice no problems!

  6. mommypoints says:

    Good to know, thanks! Always possible someone could hit a wall with this, but good to know it can be possible. :)

  7. JetsFan says:

    CapitalOne does make it easy to use points to wipe out travel expenses. My experience has also been that I earn CapitalOne points on the transaction. I used 15,000 points to wipe out a rental car expense, and still earned 300 CapitalOne points.

  8. Paul says:

    I have no problem using my C1 points very easily. If you call, the phone agent will often let me apply points to “erase” (credit) purchases made on a trip (including restaurants) that do not automatically populate online. The points are so easy to use, that the card really is a true 2% cash-back card for me.

  9. I always like to use points like C1 to reduce my spend on travel things that I’m not able to get for free. Admission tickets, food etc etc. Its a rather easy call to get the credit for the purchases credited back.

  10. CU says:

    I’m in. Not with the C1 b/c I don’t have that card, but just the transfer. thanks, MP!

  11. ffi says:

    It posts as points.com; how did you get them to agree this was US?

  12. Matt says:

    Mine showed up with US Airways in the tag so I just said, ” Recently made a US Airways purchase of $xxx.xx on blank date and I would like to use my points to reimburse this purchase.” No problem both times. Good luck!

  13. Matt says:

    Just to clarify it was a points.com transaction, but in the tage it had points.com US Airways Miles, xxxx. Still worked.

  14. Corky Putt Putt says:

    It’s still pretty useful to have some Cap1 points to get access to their car rental system, which often gives better rates than you can find elsewhere on the web.

  15. mommypoints says:

    @Corky Putt Putt, I have heard that from a few sources. Almost makes me wish I had a Cap 1 card. ;)

  16. Nathan says:

    These transactions used to ring up as points.com. Other than using Prepaid AMEX is there any way to get more than 1x point on these transactions?

  17. Chyvan says:

    I just did this US Airways purchase to my Venture card. The purchase does NOT show up as a travel purchase under “purchase eraser.” So, while you maybe able to call to get the purchase erased, the person feeding you information about how they did it twice and it working is leaving out information.

  18. mommypoints says:

    @Chyvan, sorry for any confusion. It does sound like it requires a call, but it has worked for some people. I hope it ends up working for you as well!

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