US Airways seems to run some sort of promotion on the purchase or sharing of miles almost every month. Often it’s just a straight 100% bonus on purchased miles, sometimes it’s a tiered bonus, and sometimes they offer a 100% bonus on shared miles (which used to be the most lucrative promotion by far, though during the last round of this promotion they raised the cost).
August Buy Miles promotion
Well US Airways just announced their August Buy Miles promotion, which runs through August 22, 2014. This month they’re offering some members up to a 100% bonus on purchased miles, while it seems like other accounts are receiving bonuses of 50%-75% (up to 50,000 miles).
You can earn 100% bonus miles on up to 50,000 purchased miles, for a total of 100,000 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 ~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. So if you sign up for an account now you could theoretically still take advantage of this promotion before it ends, but there’s no way of knowing if your account would be eligible or not.
It’s a good reminder to sign up for a US Airways account now in order to be eligible for future promotions though.
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.
Terms & Conditions
The full terms are as follows:
Offer available for purchases made between August 6, 00:00:01 PT and August 22, 2014, 23:59:59 PT. Minimum buy or gift is 10,000 miles. All purchases are non-refundable. Bonus miles will be awarded upon completion of the transaction. The maximum number of Buy and Gift Bonus miles that can be received by one member for this offer is 50,000 bonus miles. All miles purchased beyond this limit will not be eligible for a bonus. For Gift purchases, bonus will be awarded to the recipient. All transaction inquiries must be submitted to US Airways Dividend Miles within 90 days from end of promotion. Offer is subject to change. Offer cannot be combined with any other offer. Share transactions are not eligible for bonus. Only purchases made online are eligible for the bonus. Please note that Dividend Miles accounts less than 12 days old are not permitted to Buy, Share or Gift miles. For Gift and Share transactions, the recipient account must also be 12 days old. All US Airways Dividend Miles terms and conditions apply. Visit usairways.com/dividendmilesfor details. This offer is valid only for the email recipient only, it is not transferable.Miles are sold for $0.035 per mile plus a tax recovery charge of 7.5%. GST/HST will be charged to Canadian residents. Miles purchased through Buy, Share or Gift Miles do not count towards Dividend Miles Preferred status. All other Dividend Miles Terms and Conditions apply. Miles may be used based on award availability at the time of booking. Please note that Dividend Miles accounts less than 12 days old are not permitted to Buy, Share or Gift Miles. All purchases are non-refundable.
I wouldn’t speculatively purchase US Airways miles at ~1.88 cents each. That’s a high rate at which to speculatively purchase miles.
That being said, there are so many amazing oneworld award redemption opportunities using US Airways miles. If you can plan a trip soon I think this could definitely make sense.
Was your account targeted? Will you be taking advantage of US Airways’ bonus on purchased miles?