Amazing Deal Alert: US Airways 100% Share Miles Bonus – Buy Miles for 1.1 Cent Each
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US Airways just launched one of its famous 100% Share Miles bonuses where you can essentially buy miles for 1.1 cents each now through April 13, 2014. Unlike past Share Miles promos where the 100% bonus was good on any number of miles you shared, this one is tiered – so to get the full bonus of 100%, you need to share 30,000-50,000 miles.
If you transfer 10,000-19,000 miles, you just get a 50% bonus, and if you transfer 20,000-29,000 miles, you get a 75% bonus, so if you have at least 30,000 miles, I’d suggest making the full transfer so you score that lucrative 100% bonus level. The bonus is coded into the Share Miles page, so you don’t have to register.
The reason this is such a good deal is that, if you were to purchase miles, they normally cost 3.5 cents each plus a 7.5% tax. Sharing miles costs 1 cent each plus a $30 processing fee and 7.5% tax – and you’re not getting any new miles, simply shifting miles around from one account to another. However, with this promo the cost of “buying miles” drops to just about 1.1 cents per new mile created from the bonus, since you are paying the share miles costs and fees, but generating twice the miles. For example, sharing 50,000 miles would cost you $567.50, and you’d be generating a bonus 50,000 miles for that price (and 100,000 miles would be in the new account which is enough for a lot of different awards), which can be an amazing deal depending on how you redeem those miles.
Key Rules and limitations
1. You must be a Dividend Miles member for at least 12 days.
2. The 100% bonus goes to the person who receives the miles – not the one transferring them.
3. The maximum bonus per recipient account is 50,000 miles (so 100,000 total including the bonus miles).
4. For each Share there is a processing fee of $30 and a 7.5% tax recovery charge and GST/HST will be charged to Canadian residents.
5. This transaction is processed by points.com so it won’t count towards airfare multiplier categories like the 3x on the Premier Rewards Gold or 2x on Sapphire Preferred, …read more
Source: TPG
The post you're reading is from our RSS Feed. When we're out there traveling the world, it can be nearly impossible to bring you all of the news from the miles/points/travel industry. To bring you the best content possible, we've linked our personal RSS Feed to the blog so that when a newsworthy article comes out, we'll simply feed it in with the rest of our posts. This way you can be sure you're always getting the best and most current info out there.
