US Airways is running a promotion through October 15, 2013 where you can share miles with another member and received 100% bonus. The maximum you can transfer is 50,000 miles but it would place 100,000 miles in your recipients account.
Mile sharing is being done at .01 cent per mile shared plus a processing fee of $30 and a tax recovery charge of 7.5%. If you transfer the maximum of 50,000 miles it will cost you $567.50. Given this price you will effectively be buying the “bonus” 50,000 miles at approx. 1.135 cents per mile.
Why share miles?
For me, I am trying to merge miles into one account for more booking power. For example in our household both my wife and I have US Airways miles. Separately they don’t do us as much good because booking on separate booking numbers sometimes is a challenge. Additionally, when they are separate you may not have enough miles in one account for two award tickets and at the same time you may not have enough miles in the other account for one award ticket. So, we are merging miles into one account which we’ll definitely benefit from and in the process “buying” bonus miles at a great discount.
Airline Status Leverage
If one of you has US Airways airline status you could benefit further by merging miles into the account of the member with status. The member with status can get free bags, waived fees, upgrades…
Coach to Europe Sample
Given that a trip to Europe can be had for as low as 35,000 miles you would effectively be able to get a round trip to Europe for $397.25 which is still a good deal.
Business or First Class Sample
Where the real benefit comes in is when you factor that a flight to Asia is 90,000 miles in Business Class and 120,000 in First Class. These would run $1021.50 or $1362 respectively at the 1.135 cents per mile rate. If you priced them out you’d quickly find that this price is WAY less that the cost of those seats if you tried to pay for them outright. Not saying you would, but you could be flying in the front of the plane for the cost of coach or less!
American Airlines Merger?
Although the US Airways/American Airlines merger is on hold due to the Department of Justice stepping in, it is still not out completely. If it does go through though, these miles could potentially transfer over to American Airlines which could make them worth even more than under US Airways!
Multiple Share Possibility
Technically, they are capping the share at 50,000 miles per account but you can share from account A to B and then turn around and share again from account B to A. It would be a higher out of pocket cost, but still could net you a good number of inexpensive miles for use in some really nice flights.
I will definitely be sharing miles in my household. How about you?