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For the month of August, US Airways is offering up to a 100% bonus when purchasing US Airways miles. US Airways runs this type of promotion quite often so this isn’t any breaking news, but it is a great way to get US Airways miles for cheap and potentially American Airline miles once points become transferable. I say potentially for the AA miles as I do not want to give any false hope – although my assumption is that US Airways miles will eventually roll into your AA account, just not sure when. This could be the most cost effective way to purchase AA miles. With this promo, you can purchase the miles with the following bonus breakdown:
- Buy/gift 10,000 – 19,999 miles, get a 50% bonus
- Buy/gift 20,000 – 29,999 miles, get a 75% bonus
- Buy/gift 30,000 – 50,000 miles, get a 100% bonus
I’d personally only purchase miles at the 100% bonus rate as the other ones won’t give you a great value. This offer lasts until August 31, 2013 and is maxed at purchasing 50,000 miles per account. For the purpose of this post, I did the math for the 100% offer since that is really the only offer I’d recommend buying miles at.
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.
Later today I will so the math for you of the cost/benefit for purchasing these miles to use with the American Airlines award chart.
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).
You can purchase miles here.