At the beginning of October I blogged about a great offer from US Airways. Through tomorrow, Wednesday October 31, you can get a 100% bonus when you share your miles. This is actually cheaper than when US Airways offers you to purchase miles with a 100% bonus. If you have friends/family members with a lot of miles willing to partake in this promotion with you, this can be a great value for you and allow you to purchase 50,000 miles for $567.50 (you can do less as well, but 50,000 is the most per account).
You can only share miles in 1,000 mile increments at $10 per $1,000 miles. This means that the cost to share 50,000 miles with a friend, thus giving them 100,000 miles, will cost you $500. However, when sharing miles you will pay a $30 fee per transaction plus 7.5% tax. This makes the total cost $567.50. While person A is out 50,000 miles, person B is up 100,000 miles, thus a gain of 50,000 miles. Person B can than share the 50,000 miles back to person A for the same $567.50 cost. Ultimately, this means you can “purchase” 50,000 miles for $567.50, which can be one heck of a deal for many!
While 50,000 miles alone probably won’t get you anywhere internationally, it can be used for two domestic roundtrip tickets, meaning each roundtrip will cost you $284. Probably not the best deal, but you never know. I personally wouldn’t speculate purchasing miles for a $284 redemption, but that is me. If you have a specific award in mind that you know is available and will cost more than $300, than it can be worth it.
The real value, however, is for international travel, especially business and first class award tickets, but you must have existing miles in your account (or plan on purchasing or earning them in the future) to be able to redeem for a higher amount.
Some sample award redemption include:
- 60,000 miles from the US to Europe in economy
- 60,000 miles from the US to South America in economy
- 60,000 miles from the US to North Asia (includes: China, Hong Kong, Japan, Kazakhstan, Kyrgyzstan, Macau, Mongolia, S. Korea, Taiwan, Tajikistan, Turkmenistan, and Uzbekistan), but for only 30,000 miles more roundtrip you can fly in business class!
- 70,000 miles from the US to Africa
This promotion ends October 31, 2012 and you can only receive up to 50,000 bonus miles. You can share your miles with another account here.
Will you be taking part of this promotion? For the right redemption it is a great promotion, and one that doesn’t come along too often. I haven’t fully decided what I am going to do yet, but I’ll be sure to keep you posted – there is a chance I’ll go full out and transfer those Capital One points into US Airways miles!