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Paying money to purchase frequent flyer miles is not something that makes sense for everyone. Your award travel is certainly not “free” if you bought the miles, but it may still be one heck of a deal. US Airways almost always has a deal to purchase their miles available, but some of the deals are not very great, and just get the purchase price to around 2 cents per mile. That is the minimum value I like to redeem miles at, but not what I would usually want to buy at since I wouldn’t come out ahead if I was buying and redeeming at the same value.
However, US Airways has just brought back their most lucrative mileage purchase promotion that I have participated in. This promotion requires a little bit more of a process than just making the purchase since you get the deal when you share miles with a friend for family member. Here are the details:
For a limited time, when you share miles, the recipient will get a 100% bonus – up to 50,000 miles. Just share your miles by October 15, 2013. Share miles from October 1 to October 15, 2013 and your friend or family member will get 100% MORE in bonus miles – up to 50,000 miles.
Share 10,000 miles, give 20,000 miles
Share 30,000 miles, give 60,000 miles
Share 50,000 miles, give 100,000 miles
Let’s say that I was going to share 50,000 miles with my husband’s US Airways account. He would then receive not only the 50,000 I transferred to him, but a 50,000 mile bonus for a total of 100,000 miles. I would be left with 50,000 fewer miles than I had before. Of course, he could then share back with me. I would then get the 50,000 back I just transferred, plus an additional 50,000 from the share miles promo.
The cost to make each one of these transfers would come to $567.50 including all taxes and fees. That means that those bonus 50,000 miles are basically coming at a cost of 1.135 cents each. That is a very good value. That roughly translates to being able to buy enough miles for a domestic round trip coach ticket of 25,000 miles at $275 which isn’t great for some routes, but is a very solid price for others. It is also the same as buying enough miles (110,000) to go to Australia and back in business class for $1,210. If you have the US Airways credit card you can fly to Europe round trip in coach on US operated flights for 30,000 miles during the off-peak times of January 15 – February 28 (35,000 miles if you don’t have the US Airways card). With this promo those 30,000 miles would cost you $330. That is Europe round trip for $330 (plus taxes/fees)!
I will absolutely be participating in this promotion, just as I have when it was offered in the past. You need to do the math and see if it is something that makes sense for your family. I would not recommend participating in this offer only to sit on the miles for an undetermined amount of time, but it can be a great deal if you have some plans for the miles in the next couple of months.
Here are a few terms to be aware of:
- Please note that Dividend Miles accounts less than 12 days old are not permitted to Buy, Share or Gift miles (so open an account today!!)
- Offer valid for Share miles transactions made between September 30, 2013 00:00:01 PT and October 15, 2013 23:59:59 PT.
- Members may receive a maximum of 50,000 bonus miles during the offer period.
- This bonus is only applicable for Share Miles and the offer does not apply to Buy or Gift Miles transactions. Bonus miles will be awarded to the recipient of the Share. Offer is subject to change.
- Only purchases made online are eligible. All US Airways Dividend Miles terms and conditions apply. Visit usairways.com/dividendmiles for details.
Be aware that these transactions are traditionally executed by points.com and not US Airways itself, so don’t worry about using a credit card that pays a bonus on airfare. Anyone else have plans to participate in this deal?