If you make 5 purchases or more (up to 10) then all of those purchases earn a 250% bonus. Fewer than 5 purchases and the bonus is lower.
But one merchant in particular is crazy-valuable: TrackItBack which gives you stickers with codes on them to attach to things. In theory if you lose those things, people report the item to TrackItBack and they handle getting the item from the person and then to you.
Purchases through them earn 40 miles per dollar normally, so you know it’s a high margin business they’re in.
With this 250% bonus, purchases will earn 140 miles per dollar. Put another way, you’re buying miles at 0.7 cents apiece. That’s not 7 cents each. That’s 7/10ths of a penny. Crazy.
But in order to qualify for the 250% bonus promotion on US Airways miles, we need to have (5) qualifying transactions, and those 5 need to be with different merchants. (You can have multiple transactions with the same merchant, but you need at least 5 separate merchants.)
So we need 4 that aren’t TrackItBack.
In my previous post on this offer I outlined several examples of partner activities that could be had at just a couple dollars apiece.
An example of the value proposition, once you’ve followed a few inexpensive steps to qualify for the promotion:
$570 spent with TrackItBack will earn 79,800 miles. 80,000 is the cost of a business class ticket from the US to Europe, e.g. Los Angeles to London orNew York to Istanbul.
I’m likely to “purchase” about 320,000 miles this way. First I’m going to make sure I have qualifying activities that will post, I want as many to post as possible before I make the large purchase from TrackItBack.
Now, I don’t expect the other 4 qualifying activities that I need in order to be eligible for the bonus to post before the December 30 end of the promo period. But if I have say 6 or 7 qualifying activities, I know I’m safe. And they allow the bonus to apply to 10 activities. TrackItBack will be my 7th or 8th and I’ll also be sure not to use up #9 and #10 — I would hate to inadvertanly hit 11 transactions, and have the TrackItBack transaction hit as #11 (thus not earning the bonus).
A couple of ‘complicated’ steps perhaps, though not as complicated once you read through these posts a couple of times, but while $570 for business class to Europe seems nice, the real holy grail it seems to me is first class to North Asia (Hong Kong included). Since the US Airways award chart currently requires 120,000 miles per ticket, $1680 would be enough for two first class tickets to Hong Kong.
Of course, one must be a little bit wary of US Airways. One doesn’t want too many miles in one’s US AIrways account. They’re not entirely to be trusted in my opinion. The bonus miles from this offer are scheduled to post March 1. It’s possible that some changes to their partner award chart could happen before then, such that business class to Europe becomes 100,000 miles instead of 80,000 for instance. But it’s still a phenomenal deal.