US Airways is running a targeted 100% bonus on the purchase of Dividend Miles through November 30, 2013.
- To see if you’re targeted you can go to this page and enter your name and Dividend Miles number.
- If you’re eligible, text will pop up indicating the bonus.
Through this promotion you get 1,000 bonus miles for every 1,000 miles purchased, up to 50,000 miles (100,000 miles including the bonus).
Dividend Miles ordinarily sell for 3.5 cents each plus a 7.5% tax. Factoring in the 100% bonus you’d be paying ~1.88 cents per mile. As always, Dividend Miles accounts have to be at least 12 days old to take advantage of this promotion (though I’d be surprised if newer accounts are targeted, for that matter).
So is it worth purchasing US Airways miles at 1.88 cents each? Well as I’ve always said — and especially in light of today’s United devaluation — you should only buy miles if you have a somewhat short-term use in mind. Miles are a horrible long-term investment, and US Airways offers this promotion pretty frequently, so it’s not like this is the last time it’ll be offered.
If you have a specific mileage redemption in mind, this can be a great deal!
- Flying from the US to North Asia via Europe costs just 90,000 miles in business class
- If you outright buy those miles through this promotion you’ll pay $1,700, which is an amazing value.
- See this post for basics on redeeming Dividend Miles and this post for how to plan a 90,000 mile business class award to Asia via Europe.
Now, this promotion isn’t nearly as good as the one they ran last month, whereby they offered a 100% bonus on transferred miles. If you had an existing mileage balance and were willing to jump through some hoops, it was essentially a way to generate Dividend Miles for ~1.1 cents each.
Lastly, for what it’s worth US Airways mileage purchases are processed by points.com, so wouldn’t be categorized as airfare spend for the purposes of your credit card.
(Tip of the hat to Deals We Like)