Last seen in December the US Airways Dividend Miles bonus on sharing miles is back! This is the most lucrative buy miles offer out there but does have one stipulating requirement: you must have miles in your account for the bonus to work. Just like the offer in December this week's offer is tiered and the 100% bonus only kicks in when you transfer between 30,000 and 50,000 miles.
The tiered bonuses are as follows:
| Share | Receive |
|---|---|
| 10,000 - 19,000 Miles | 50% Bonus Miles |
| 20,000 - 29,000 Miles | 75% Bonus Miles |
| 30,000 - 50,000 Miles | 100% Bonus Miles |
Essentially what happens with this offer is that when you transfer points to a friend or family members account they will receive the bonus miles. Transfer 50,000 points they get a total of 100,000 miles and there is nothing stopping them from transferring 50,000 back to you so you end up with your original 50,000 back plus 50,000 bonus miles. The cost is 1 cent per mile + 7.5% tax + $30 processing fee which means at the 50,000 mile level it costs $567.50 or about 1.13 cents per mile. Transfer back for another $567.50 and for that $1135.00 you spent you now have enough miles for a business class ticket to North Asia. Have fun trying to buy that same ticket at that low of price! As you can see this is a great deal, if you have the miles in your account to transfer.
For complete details or to share miles visit here.
One of our readers sent us this which is very true and I should have elaborated on this for us Canadians rather than doing a straight cut and paste from FFB:
ReplyDeleteYou mentioned the following ". The cost is 1 cent per mile + 7.5% tax +
$30 processing fee which means at the 50,000 mile level it costs $567.50
or about 1.13 cents per mile. Transfer back for another $567.50 and for
that $1135.00 you spent you now have enough miles for a business class
ticket to North Asia
Something to keep in mind... all points purchases/charges from a US
Carrier are done in USD (your statements are often misleading when
quoting figures). At a current rate of USD conversion of about USD1 =
CAD1.12, +2.5% - 4% premium on credit card charges, the cost amounts to
more than $1300. Still a good deal to travel for J-fares, but if an
Economy is only about $900 (all in) on special, paying $1300 upfront
(BEFORE TAXES AND FEES) and never know when one will (or will be able
to) redeem the miles might not be a wise decision.
But you can also tell your readers, they
might be able to earn $1300 @ 1.25 miles on their AMEX Platinum Card