Again for Nov & Dec: Buy/Gift/Share miles, receive 100% bonus

 
Old Nov 9, 2009, 2:59 pm
  #61  
 
Join Date: Dec 2004
Posts: 7,888
HCA was right to suspect the award chart is changing. A few here mentioned doing a share/buy/give to get US-Europe business awards at 80k. They'll cost 100k instead.

http://www.flyertalk.com/forum/us-ai...-goawards.html
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Old Nov 9, 2009, 3:12 pm
  #62  
 
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Originally Posted by rrgg
HCA was right to suspect the award chart is changing. A few here mentioned doing a share/buy/give to get US-Europe business awards at 80k. They'll cost 100k instead.

http://www.flyertalk.com/forum/us-ai...-goawards.html
This is irrelevant for * awards, no? They are still 80k so far, right?
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Old Nov 9, 2009, 3:17 pm
  #63  
 
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Originally Posted by abcx
This is irrelevant for * awards, no? They are still 80k so far, right?
*A changes haven't been announced, but my magic 8 ball says "Outlook not so good."
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Old Nov 9, 2009, 3:46 pm
  #64  
IMH
 
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Originally Posted by rrgg
*A changes haven't been announced, but my magic 8 ball says "Outlook not so good."
It certainly seems unlikely that US will continue to offer *A redemption rates that are significantly better than UA and CO and *A availability that is significantly better than UA and open jaw and stopover rules that allow some trips that the others won't. But even when *A redemption rates do go up, as we have to assume they will, US miles will still be attractive for people interested in premium class redemptions on *A partners.
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Old Nov 9, 2009, 3:52 pm
  #65  
 
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Sorry. Yes, US miles will still be attractive.

I was really responding to the posts about how to best share/buy miles among different accounts to get those 80k business awards. Those calculations are no longer valid unless you're planning to ticket the 80k awards before Jan. 6th.
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Old Nov 9, 2009, 4:22 pm
  #66  
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Originally Posted by rrgg
I was really responding to the posts about how to best share/buy miles among different accounts to get those 80k business awards. Those calculations are no longer valid unless you're planning to ticket the 80k awards before Jan. 6th.
That's an important and valid point, especially in the context of this thread, and my posting wasn't intended to contradict yours. Sorry if I gave the impression that I was disagreeing with you!
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Old Nov 9, 2009, 5:38 pm
  #67  
 
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I tried to share, but got an error message that says "there is a problem with the dividend miles account number" or something to that effect, and that I should call the 1-800 phone #.

I have had my account for years, and was logged in.

I have been getting this error message all day.

Anyone else having the same problem?

I guess I could just call the number, but I am too lazy.

Thanks.
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Old Nov 9, 2009, 5:54 pm
  #68  
 
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Originally Posted by nachosdelux
I tried to share, but got an error message that says "there is a problem with the dividend miles account number" or something to that effect, and that I should call the 1-800 phone #.

I have had my account for years, and was logged in.

I have been getting this error message all day.

Anyone else having the same problem?

I guess I could just call the number, but I am too lazy.

Thanks.
Are both accounts older than 10 days? You only mention yours. If one or the other is < 10 days old, you have to wait.
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Old Nov 10, 2009, 5:22 am
  #69  
 
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Originally Posted by ArizonaGuy
Are both accounts older than 10 days? You only mention yours. If one or the other is < 10 days old, you have to wait.
Both accounts are several years old. I will try again today, and if it doesn't work, give them a call.
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Old Nov 10, 2009, 8:15 am
  #70  
 
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How long do the miles take to post to your account after a "Share" transaction?
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Old Nov 10, 2009, 8:26 am
  #71  
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Originally Posted by Happyguy
How long do the miles take to post to your account after a "Share" transaction?
It was instant for members of my household.
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Old Nov 10, 2009, 9:12 am
  #72  
 
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Assume Mrs. jsnydcsa and I each have 50K in our respective accounts, baby jsnydcsa has zero.

If both Mrs. jsnydcsa and I share 50K with baby jsnydcsa, he should have:
50k from jsnydcsa + 50K bonus
50k from Mrs. jsnydcsa + 50K bonus
=
200k in his account.

Correct?

Cost $567.50 * 2 = $1,135

-------------
Now, Mrs. jsnydcsa and I each go out and buy 50K for our own accounts, we now are +100K (50K purchase plus 50K bonus) in each of our accounts.

Correct?

Cost = 50K *.025 * 1.075 + 30 = $1373.50 *2 = $2,747.00

--------------
Could Mrs. jsnydcsa and I, with our 100k in each of our accounts from the buy option, then gift each other 50k ending up with 150k in each account?
E.g. 100k in each account (after buy)
- 50k gifted to other person
= 50k remaining in each account after gift
+ 50k gifted from the other person
+ 50k bonus coming with the 50k gift
=
150k balance

Cost $567.50 * 2 = $1,135

---------------------
Total cost = $5,017 for 400,000 miles (not 500,000 b/c we had 50k *2 when we started out)
That's 0.0125 per mile. Not bad in my book.
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Old Nov 10, 2009, 10:08 am
  #73  
HCA
 
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Originally Posted by jsnydcsa

Cost = 50K *.025 * 1.075 + 30 = $1373.50 *2 = $2,747.00

--------------
Could Mrs. jsnydcsa and I, with our 100k in each of our accounts from the buy option, then gift each other 50k ending up with 150k in each account?
E.g. 100k in each account (after buy)
- 50k gifted to other person
= 50k remaining in each account after gift
+ 50k gifted from the other person
+ 50k bonus coming with the 50k gift
=
150k balance

Cost $567.50 * 2 = $1,135

---------------------
Total cost = $5,017 for 400,000 miles (not 500,000 b/c we had 50k *2 when we started out)
That's 0.0125 per mile. Not bad in my book.
"Gift" =/= "Transfer"

The cost for gift is $1373.75 instead of $567.50.
"Gift" actually means you buy miles for others, NOT transfer.

One question if anyone can clarify, transfer 50k cost $567.50 or $530? (Does transfer appply to 7.5% tax?)

[Edit: It seems the cost is $567.50 instead of $530]

Last edited by HCA; Nov 10, 2009 at 12:13 pm
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Old Nov 10, 2009, 10:18 am
  #74  
 
Join Date: Jul 2005
Posts: 1,073
Originally Posted by jsnydcsa
Assume Mrs. jsnydcsa and I each have 50K in our respective accounts, baby jsnydcsa has zero.

If both Mrs. jsnydcsa and I share 50K with baby jsnydcsa, he should have:
50k from jsnydcsa + 50K bonus
50k from Mrs. jsnydcsa + 50K bonus
=
200k in his account.

Correct?

Cost $567.50 * 2 = $1,135

-------------
Now, Mrs. jsnydcsa and I each go out and buy 50K for our own accounts, we now are +100K (50K purchase plus 50K bonus) in each of our accounts.

Correct?

Cost = 50K *.025 * 1.075 + 30 = $1373.50 *2 = $2,747.00

--------------
Could Mrs. jsnydcsa and I, with our 100k in each of our accounts from the buy option, then gift each other 50k ending up with 150k in each account?
E.g. 100k in each account (after buy)
- 50k gifted to other person
= 50k remaining in each account after gift
+ 50k gifted from the other person
+ 50k bonus coming with the 50k gift
=
150k balance

Cost $567.50 * 2 = $1,135

---------------------
Total cost = $5,017 for 400,000 miles (not 500,000 b/c we had 50k *2 when we started out)
That's 0.0125 per mile. Not bad in my book.

Originally Posted by HCA
"Gift" =/= "Transfer"

The cost for gift is $1373.75 instead of $567.50.
"Gift" actually means you buy miles for others, NOT transfer.

One question if anyone can clarify, transfer 50k cost $567.50 or $530? (Does transfer appply to 7.5% tax?)

I'm sure I'm using poor word choice here...

Originally Posted by jsnydcsa
Assume Mrs. jsnydcsa and I each have 50K in our respective accounts, baby jsnydcsa has zero.

If both Mrs. jsnydcsa and I share 50K with baby jsnydcsa, he should have:
50k from jsnydcsa + 50K bonus
50k from Mrs. jsnydcsa + 50K bonus
=
200k in his account.

Correct?

Cost $567.50 * 2 = $1,135
I guess I should not have used the word "share" above. But, rather, transfer.
As in "If both Mrs. jsnydcsa and I TRANSFER OUR 50K EACH TO baby jsnydcsa, he should have:
50k from jsnydcsa + 50K bonus
50k from Mrs. jsnydcsa + 50K bonus
=
200k in his account.

Correct?"

On the cost of $567.50 * 2 = $1,135 for the transfer, all I did was cut and paste from an earlier post (can't recall which one) that I thought said a transfer from one account to another would cost $567.50 for 50k mile transfer. But, I could be corrected.
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Old Nov 10, 2009, 10:27 am
  #75  
 
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Has anyone successfully shared (and received bonuses for) more than 50k from multiple senders to one recipient?

My wife and I both have > 50k and my kids each have 30k.

I would like to transfer:

1) 10k from my wife to each of my kids (getting them over 50k)
2) 50k from my wife and each of my kids to me, increasing my balance by 300k.

Total cost would be $1988.75, which would generate 170k new miles and end up increasing my balance by 300k.

Since I'm CP (no phone booking or redeposit fees) and DM Select (5k discount on award tickets, award booking fees waived), it's beneficial for me to redeem miles out of my account for all of our family travels, so that's why I would like to structure this so that as much as possible ends up in my account.

The only catch is that it might not be possible to move more than 50k into a single account and get the bonuses. I know it's not possible to move more than 50k from a single account to a single account (as documented by lsk4jmi earlier in this thread), but has anyone successfully moved more than 50k from multiple accounts to a single account and received the bonuses?
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