US Airways launched a targeted offer today, offering a 100% bonus on purchased miles to those who have a US Airways co-branded credit card.
While this promotion is only available to cardholders, it’s better than the December offer, as you will receive the 100% bonus on any quantity of miles you purchase. However, the requirement to use a US Airways credit card is a bit of a downer – those are cards I typically recommend picking up for the signup bonus alone, as they’re not particularly rewarding for “everyday” spend.
Last year US Airways ran a 100% bonus on shared miles, which was a much better deal since it was basically an opportunity to pick up miles for ~1.1 cents each. The “catch” is that you needed an existing mileage balance in order to share miles, so if you didn’t have miles in any US Airways account that wasn’t especially useful. We’ve seen two such 100% share miles promotions in the past several months, which is more than normal, so my guess is that this will be as good as it gets for a while.
Anyway, 1.88 cents per mile isn’t a rate at which I’d speculatively buy miles, but if you have a specific use in mind it can still be a very good deal. US Airways charges just 90,000 miles for business class between the US and North Asia, and you can route via Europe with a stopover there. It’s anyone’s guess how much longer till they devalue their award chart, but spending under $1,900 to get enough miles for such a ticket is a bargain, assuming you can lock it in soon.
Keep in mind that US Airways is exiting the Star Alliance in March, so there is a limited timeframe in which you can use US Airways miles on those carriers. Afterwards US Airways will be joining OneWorld, and will eventually have a combined award chart with American, though we don’t have the details on that yet.
As a reminder, US Airways mileage purchases are processed by points.com, so wouldn’t qualify as airfare spend for the purposes of your credit card.