On May 3, 2014, US Airways announced up to a 100% bonus on the purchase of Dividend Miles, through May 25, 2014. It’s worth noting that US Airways has now extended the promotion through Saturday, May 31, 2014.
May Buy Miles promotion
As a reminder, the bonus thresholds for the promotion are as follows:
- Buy 10,000 to 19,000 miles, get 50% bonus miles
- Buy 20,000 to 29,000 miles, get 75% bonus miles
- Buy 30,000 to 40,000 miles, get 100% bonus miles
The cost to purchase miles through this promotion
The cost to purchase US Airways miles is ordinarily 3.5 cents each plus a 7.5% federal excise tax, or a total of ~3.76 cents each. So through this promotion the cost to purchase US Airways Dividend Miles is as follows:
- 50% bonus: ~2.82 cents/mile
- 75% bonus: ~2.35 cents/mile
- 100% bonus: ~1.88 cents/mile
Of course the best deal by far is if you’re purchasing 30,000 or more miles, as that brings down the cost to 1.88 cents per mile.
Buy Miles promotion restrictions
Your account has to be at least 12 days old in order to take part in this promotion. That’s the most major restriction.
US Airways mileage purchases processed through points.com
For what it’s worth, US Airways doesn’t process mileage purchases directly. Instead they’re processed by points.com, meaning they don’t qualify as airfare in terms of credit card spend.
Bottom line on extended US Airways 100% bonus promotion
See my previous post for more about whether or not you should take advantage of this promotion. This is US Airways’ “standard” bonus on purchased miles, which they typically offer just about every other month (at least).
Ultimately the best promotion US Airways offers is a 100% bonus on shared miles, which is an opportunity to generate miles for 1.1 cents each. You do need to have an existing mileage balance in order to be able to take advantage of that promotion, though.
While I wouldn’t speculatively lock in miles at this rate, if you can book an award fairly soon there’s a lot of value to be had for oneworld travel using Dividend Miles.