US Airways has announced that starting tomorrow, Monday, December 2, 2013, they’ll be bringing back the single most lucrative promotion in the industry for purchasing miles. From December 2 through 6, 2013, US Airways will be offering up to a 100% bonus on shared miles. The promotion isn’t targeted, though your US Airways account has to be at least 12 days old to take advantage of this promotion.
This is very similar to the promotion they ran for the first half of October, which was essentially an opportunity to generate US Airways miles for 1.1 cents each, assuming you had a starting mileage balance.
The only difference between this promotion and the past one is that this time around they’re offering tiered bonuses based on how many miles you share, as follows:
So to get the 100% bonus you have to share between 30,000 and 50,000 miles. The cost to share miles is one cent per mile, plus a 7.5% tax, plus a $30 transaction fee.
So 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.
50,000 miles (pre-bonus) is the most number of miles you can transfer into a single account during the 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. Furthermore, even if you took advantage of the October promotion you’re still eligible for this one.
To put the value of this promotion into perspective, US Airways charges just 90,000 miles for business class from the US to North Asia, and you can route via Europe with a stopover there. So if you can generate miles at 1.13 cents each, that’s the equivalent of paying ~$1,000 for such a ticket. For tips on booking such a ticket, see this post.
This is absolutely as good as US Airways promotions to purchase miles get, and a rate at which I’d speculatively purchase miles even without an immediate use, despite the number of devaluations we’ve seen lately.
I’ll post again tomorrow when the deal is live.
(Tip of the hat to Deals We Like)