US Airways is back with a 100% bonus on shared miles through April 13.
Limited time offer: Give up to a 100% bonus when you Share Miles!
Share miles from April 7th until April 13th 2014 and your friend or family member will get up to 100% MORE in bonus miles – up to 50,000 miles.
The bonus is actually tiered, you need to share at least 30,000 miles to get that bonus. Lower amounts receive a lesser bonus according to the following schedule:
This is effectively buying US Airways miles for 1.1 cents apiece. You transfer 50,000 points from account A to account B at a cost of $567.50. Account B receives 100,000 miles.
If you have a spouse or significant other, transfer 50,000 points to them and they receive 100,000 miles; then they transfer 50,000 points to you and you receive 100,000 miles. You each have 50,000 more miles than before at a cost of ~ 1.1 cents per mile gained.
It’s substantially better than their more frequent offer of 100% bonus on purchased or gifted miles, since that is the purchase of miles at nearly 1.9 cents apiece. I don’t do the 100% bonus on purchased miles. I do take advantage of 100% bonus on shared miles — because no matter what devaluations I may fear I’m confident I’ll get back a minimum of 1.1 cents in value per mile, though likely much more (and I already have a very significant mileage balance).
Award booking calls take awhile, and can be confusing for US Airways agents as they figure out oneworld and its booking classes. Taxes on awards don’t generally price themselves so there can be long waits to involve the rate desk.
But there are phenomenal values in the award chart, some much cheaper awards than what American offers, and with far more generous routing rules. You can book US to Hong Kong for 90,000 miles in business class on Cathay Pacific. You can book US-Asia via Europe with a stopover (American won’t permit an Atlantic routing on an Asia award). You can book US-Africa via Middle East on Qatar, something American won’t allow. You can do Australia via Asia, which American doesn’t permit either (in all cases, of course, except for American’s distance-based oneworld awards).
I don’t expect these exceptional values to last — ultimately US Airways and American will combine frequent flyer programs and I’d guess that moderately more expensive award prices will prevail and that American’s more restrictive award rules as well. But even as a play to buy American miles on the cheap — about half the price that American sells miles for when there’s a ‘deal’ — it strikes me as worthwhile.
No Airfare Spending Bonuses for the Mileage Purchase
US Airways mileage purchases are processed by points.com which means they don’t show up as airfare, and thus don’t earn bonuses from credit cards like Chase Sapphire Preferred (double points) or American Express Premier Rewards Gold (triple points) that bonus airfare spend.
Terms and conditions:
Offer available for share transactions made between April 7th 00:00:01 PT and April 13th 2014, 23:59:59 PT. All transactions are non-refundable. Bonus miles will be awarded upon completion of the transaction. 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. The recipient of the share transaction will also receive the bonus miles. All transaction inquiries must be submitted to US Airways Dividend Miles within 90 days from end of promotion. Offer is subject to change. Offer cannot be combined with any other offer. Buy and Gift transactions are not eligible for bonus. Only share transactions made online are eligible for the bonus. Please note that Dividend Miles accounts less than 12 days old are not permitted to Buy, Share or Gift miles. For Gift and Share transactions, the recipient account must also be 12 days old. All US Airways Dividend Miles terms and conditions apply.
Miles are shared for $0.01 per mile plus a processing fee of $30 and a tax recovery charge of 7.5%. GST/HST will be charged to Canadian residents. Miles purchased through Buy, Share or Gift Miles do not count towards Dividend Miles Preferred status. All other Dividend Miles Terms and Conditions apply. Miles may be used based on award availability at the time of booking. Please note that Dividend Miles accounts less than 12 days old are not permitted to Buy, Share or Gift miles. All purchases are non-refundable.