Get your credit cards ready, folks! The bottom of the Dividend Miles page on usairways.com has the following ad (if you don’t get it initially, refresh the page a few times):
Unfortunately the “share miles” page on usairways.com doesn’t make reference to any bonus yet. So it’s possible that the ad is a glitch, or more likely than not the promotion is actually coming this week.
For those of you not familiar with US Airways’ 100% bonus on shared miles, it’s the single most lucrative opportunity out there to generate miles, at a cost of just 1.1 cents per mile. This is different than US Airways’ typical 100% bonus on purchased miles, whereby you can purchase miles for ~1.88 cents each.
The last time US Airways offered this promotion was in December. Historically through the share miles promotion you get a 100% bonus when sharing miles. The cost to share miles is one cent per mile, plus a 7.5% tax, plus a $30 transaction fee. What this means is that if you transfer 50,000 miles from one account to another you’d pay a total of $567.50, and that account would then have 100,000 miles. So basically you “generated” 50,000 miles at a cost of $567.50, which is just ~1.13 cents per mile.
Historically 50,000 miles (pre-bonus) is the most number of miles you can transfer into a single account during a promotion. That means you can transfer 1,000 miles into an account 50 times, 25,000 miles into an account twice, or 50,000 miles into an account once — the choice is yours. You can transfer as many miles as you’d like out of an account, though. Accounts also have to be at least 12 days old to take part in the promotion.
Anyway, lets cross our fingers that they actually bring back this promotion tomorrow. Now that US Airways joined OneWorld there are still plenty of lucrative award redemption opportunities.
(Tip of the hat to Carolina Travel Girl)