Today is the last day to “buy” US Airways miles at 1.1 cents each, and I’m not remotely interested. I’ve seen plenty of posts about this deal, and most of them seem to indicate it is a good deal, and you should consider buying. Well, it can be a good deal in a limited set of circumstances, but it’s probably not a good deal for most of us.
For those not familiar, you get a 100% bonus when sharing 30,000 – 50,000 US Airways miles with someone through today. So, presumably you could share 50,000 US Airways miles with your partner, and they would then be 100,000 miles richer, while you were 50,000 miles poorer.
The cost to share would be $567.50 which means the 50,000 miles you are gaining in the process “cost” about 1.1 cents each. Don’t get me wrong, that is a very good price for buying miles, but here’s why I’m still not interested.
- I have a bunch of US and AA miles that will presumably go into the same pool at some point in the not terribly distant future. I don’t need more right now.
- US Airways and American Airlines just made changes to their award charts without notice (during this promo). I don’t trust them to do better next time (though I hope they will). I don’t need more miles in those programs when I know further negative changes will come as the merger progresses.
- I don’t have a specific plan for my US or AA miles right now, so spending money for more miles I don’t have a specific plan for is not a good idea.
- Um, April 15th is this week, and that is never fun day for the budget. I’ll keep the dollars we have left, thanks.
Seriously, this can be a good deal if you know how you are going to use the miles in the near term, and don’t have an easier or cheaper way to access the miles you need. However, if you are already sitting on a pot of US Airways (and/or American Airlines) miles, don’t have a specific plan for them, and have a limited budget, then I would pass and not look back.
Even good deals aren’t good at the wrong time.
In case this might be the right time for you, here are the full terms and conditions:
Offer available for share transactions made between April 7th 00:00:01 PT and April 13th 2014, 23:59:59 PT. All transactions are non-refundable. Bonus miles will be awarded upon completion of the transaction. The maximum number Share Bonus miles that can be received by one member for this offer is 50,000 bonus miles. All miles shared beyond this limit will not be eligible for a bonus. The recipient of the share transaction will also receive the bonus miles. 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. Buy and Gift transactions are not eligible for bonus. Only share transactions 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.
Miles are shared for $0.01 per mile plus a processing fee of $30 and 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