This morning I posted about an amazing opportunity to share US Airways miles with a 100% bonus, which essentially allows someone with a sizable Dividend Miles balance to generate miles for as little as ~1.14 cents per mile.
At first I couldn’t quite rationalize why they were offering a 100% bonus on sharing miles but not a 100% bonus on buying miles, given that buying miles costs ~1.88 cents per mile. But then it made sense to me, since I realized they probably didn’t want people to buy miles at the discounted rate and then in turn transfer them around to generate miles at ~1.14 cents per mile. Instead I’m sure they were hoping to have people buy miles at the regular price of 3.5 cents each in order to be able to transfer at the low rate.
But it seems that US Airways is also offering a 100% bonus on the purchase of miles through October 31, at least on a targeted basis. The email specifically states “this offer is only valid for the member whose name and Dividend Miles number appears on this email.”
When you follow the link in the email it brings you to this page, which requires you to log-in with your Dividend Miles number to see if you’re eligible.
The odd thing is that for the accounts I manage, even those that didn’t receive the email seem to be eligible after logging in. In the past if an account wasn’t eligible it wouldn’t offer the bonus on the next page, so that leads me to believe that you’d be eligible as long as the bonus shows up after logging in.
So what’s the upside with this? If you already have sizable Dividend Miles balances, there isn’t one. You should focus on the share miles promotion, since that allows you to purchase miles at 1.14 cents each.
However, if you have Dividend Miles accounts without any miles, this would be the best way to take advantage of the share miles promotion. Just make sure the accounts are at least 12 days old and show the 100% bonus after logging in on the “buy miles” page.
You could purchase 23,000 US Airways Dividend Miles for ~$865 per account, which would net you 46,000 miles per account. Then in turn you could transfer 46,000 miles from each account to the other for $524, for a total of 92,000 miles in each account for $1,389. That’s enough for a business class ticket to North Asia via Europe, which is a spectacular value given that you couldn’t typically find a coach fare for that little.
And this is the “worst case scenario,” assuming you don’t have any existing US Airways Dividend Miles.