I just figured I’d post a quick reminder of this, since the promotion ends at 11:59PM tomorrow, Sunday, April 13, 2014.
As a reminder, through this promotion you earn tiered bonuses on the sharing of miles between accounts, as follows:
- Share 10,000-19,000 miles and get 50% bonus miles
- Share 20,000-29,000 miles and get 75% bonus miles
- Share 30,000-50,000 miles and get 100% bonus miles
The cost to share miles through this promotion is one cent per mile, plus a 7.5% federal excise tax, plus a $30 transaction fee. You can share at most 50,000 miles per transaction before the bonus, meaning with the 100% bonus you could transfer a total of 100,000 miles at a cost of $567.50 (which generates 50,000 “new” miles). The bonus miles post to the receiving account, and a maximum of 50,000 miles can be transferred into an account through this promotion, regardless of how many accounts the points are transferred from (you can transfer as many miles out of an account as you’d like, though).
Accounts have to be at least 12 days old to take part in the promotion, and the sharing of miles can be either instant or sometimes take a day (typically for accounts without much history). Check out my previous post on the promotion for any other questions you may have, or feel free to ask questions in the comments section below.
The one thing that has changed since this promotion launched on Monday is that US Airways did devalue their ultimate “sweet spot” award redemption, whereby they charged just 90,000 miles for business class between the US and North Asia (that award now costs 110,000 miles).
So while I don’t really trust American AAdvantage (or US Airways Dividend Miles, for that matter) anymore, I still maximized this promotion as much as possible. After all, I think loyalty is overrated but miles aren’t. Miles at 1.1 cents are an absolute bargain, and even if they were to devalue their chart by 50% across the board (which I think is unlikely) I would still consider it a good deal.
Have you take advantage of the 100% shared miles promotion, and if not, do you plan on doing so?