A couple of weeks ago US Airways announced what is hands down their most generous promotion of the year, whereby they’re offering a 100% bonus on shared miles. I just wanted to post a quick reminder of this promotion, since it expires tomorrow, Tuesday, October 15, 2013.
Through this promotion they’ll give you a 100% bonus on all shared miles (meaning transferring miles from one Dividend Miles account to another), up to a total of 50,000. The cost to share miles is one cent per mile, plus a 7.5% tax, plus a $30 transaction fee. The major catch is that you can’t transfer more than 50,000 miles into a single Dividend Miles account under this promotion, and accounts have to be at least 12 days old to participate.
This is basically a way to generate Dividend Miles at ~1.1 cents each, which is an amazing value. You can redeem just 90,000 miles for a business class award ticket to North Asia via Europe, so at 1.1 cents each that’s just $1,000 for that many miles.