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I received an email yesterday from Points.com letting me know that US Airways has announced another 100% bonus promotion for all purchased miles (I believe this is the 5th time in the past 12 months or something). The number of miles you can purchase is capped at 50,000 thus giving you a total of 100,000 miles. While I do not personally recommend purchasing miles, there are times when this exact deal can actually be in your favor.
- Earn a 100% bonus on all purchased miles up to 50,000 miles
- Promotion runs June 1 – June 30
- Miles cost 3.5 cents each (plus taxes and fees)
- Your US Airways account must be at least 12 days old (if you do not have one, create one now, and then you will be good to go to purchase these miles in 12 days)
- Purchase miles here
Should you take advantage of this promotion?
While there is no cut and dry answer , this promotion could be great for some of you. Those who primarily redeem for domestic travel will most likely not see the value, but for those that desire business and first class on international flights, this could be a great deal!
Typically, miles are sold for $0.035, but with this promotion you can think of each mile costing $0.0175. If you go all in, the 100,000 miles will cost you $1,881.25. These 100,000 miles can be used for a round-trip business class ticket from the US to Europe. Purchasing this ticket will typically cost you at least $3,000 (and that is on the conservative side probably). Remember though, you will not earn miles when redeeming, so there is that opportunity cost as well.
You can check out the US Airways award chart here to see the number of miles needed for each route. This could also be a great opportunity to take advantage of their discounted off peak awards. You can travel from the US to Europe (based on availability) next year January 15-February 28 for 35,000 miles in coach ($677.25 with this promotion – not the best deal) or 60,000 miles in business ($1,128.75 with this promotion – great deal for a business class seat!). Also remember that if you have the US Airways branded credit card you’ll get 5,000 miles off your roundtrip flight.
I was be opting out of this promotion as I’ll be hopefully accruing miles through the US Airways Grand Slam promotion (fingers crossed that it will be running again this year!). That will get me my 100,000 miles for much less than half the cost of this promotion, although it is a lot of work and I’ll have to wait till the fall (assuming it is happening).
Will you be taking advantage of this promotion? I must admit, it was slightly more desirable prior to them increasing the cost of the miles, although for some, this can be a huge cost saver!