Last week I announced that the targeted 100% bonus on US Airways miles offer was coming to an end, however, it was pointed out to me by many readers that either a) the offer was extended, or b) a new offer came out and was targeted to some additional folks. Either way, for those targeted, you can still get a 100% bonus on purchased US Airways miles until February 28, 2013.
I unfortunately was not targeted, so cannot see the exact terms, but reader Tom was kind enough to forward the email he received and it states the following:
- Buy 10,000 miles → Get 20,000 miles
- Buy 25,000 miles → Get 50,000 miles
- Buy 50,000 miles → Get 100,000 miles
So I am not 100% sure if you can buy in other increments, or if it needs to be with the 3 thresholds stated about, but based on prior promotions, my assumption is you can. The total number of miles you can purchase, however, are 50,000 per account.
- Earn a 100% bonus on all purchased miles up to 50,000 miles
- Promotion runs through February 28, 2013
- Miles cost 3.5 cents each (plus taxes and fees)
- Your US Airways account must be at least 12 days old
- 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 (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. 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) between 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!). While this award is coming to an end for 2013, you can start saving up for 2014 and flight reservations are allowed 330 days in advance. Also remember that if you have the US Airways branded credit card you’ll get 5,000 miles off your roundtrip 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) or for the 100% share promotion.
Will you be taking advantage, and if so, how much will this be saving you?