US Airways has just announced that they’ll be offering a 100% bonus on the purchase of Dividend Miles for the entire month of June.
US Airways usually sells miles for 3.5 cents each, so through this promotion you’re paying 1.75 cents per mile, plus a 7.5% federal excise tax, for a total of ~1.88 cents per mile. You can earn a maximum of 50,000 bonus miles through this promotion (for a total of 100,000 miles), and your Dividend Miles account has to be at least 12 days old in order to participate.
Now, US Airways did raise the cost of purchased miles from 2.75 cents per mile to 3.5 cents per mile late last year. And back when they sold them at the old price, the promotions were almost always as straightforward as this one, without any further requirements. However, since then almost all the double miles promotions have come with fine print, like the bonus miles only posting weeks later, only earning double miles for a smaller amount, etc. So it’s actually telling (and refreshing) that they’re going back to the old model of selling miles.
The best value on the US Airways award chart remains for travel between the US and North Asia for 90,000 miles in business class or 120,000 miles in first class, given that they let you route via Europe. Through this promo you’d basically be paying ~$1,700 plus tax for a business class ticket to Asia (with a stopover in Europe, if you’d like), which is a spectacular deal.
So while I recently valued US Airways miles at 1.5 cents each, that’s not to say you shouldn’t take advantage of this promotion. This is an instant way to get 100,000 miles, which is especially useful for those with immediate travel plans or those that don’t have the ability to sign-up for credit cards.