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US Airways is currently running a targeted promotion where they are offering up to a 100% bonus when purchasing miles. This promotion ends TODAY, November 30, 2013. While US Airways runs this promotion quite often, I am not sure how often (if any) we will see it again due to the future US Airways/American Airline merger. With this promo, you can purchase up to 50,000 miles with the 100% bonus. This also might be a cheap way to purchase American Airline miles for future use (related blog post).
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 (on the super conservative side). 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. Also remember that if you have the US Airways branded credit card you’ll get 5,000 miles off your round-trip flight. Award seats are capacity controlled, so just make sure to look up seat availability prior to purchasing any points.
I actually have yet to purchase US Airways miles during this promotion, as I am up to my ears with American miles that I still need to redeem. I personally do not like buying miles speculatively without a specific redemption award in mind (unless I can purchase them for really really cheap!). This promotion seems to appear at least every other month, so if you have no immediate need, you can always hold off till the next time the promotion runs (assuming it will).
With the recent news of United’s devaluation, US Airways miles might be come valuable!
You can purchase miles here.