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The 15% discount is only good from now through 12:00pm noon Central Time April 5, 2013, while the up-to-30% bonus lasts through May 17, 2013.
The bonus works as follows:
Buy 20,000-29,000 miles, get 5,000 bonus miles
Buy 30,000-39,000 miles, get 8,250 bonus miles
Buy 40,000+ miles, get 12,000 bonus miles
You can buy up to 60,000 miles per account per calendar year. Like the 30% bonus, the 15% discount is only good on a single transaction of 20,000 or more miles. Also remember that you pay a 7.5% tax and a $30 processing fee.
So to take an example, if you were to buy the maximum 40,000 miles this week with the combination bonus and discount, you’d end up with 52,000 miles for a total cost of $1,035. That works out to 1.99 cents per mile.
By comparison, AA miles usually cost between 2.3-2.95 cents each, so you’re not getting an amazing deal here but it is a decent discount. However, that $1,035 is still cheaper than some 50,000-mile redemptions like a one-way business class ticket to Europe, which can run in the range of $2,000-$3,000, or a roundtrip transcontinental business class ticket, which is going for over $4,000 for much of April and May.
So your miles would be getting you about 8.1 cents each – not a bad return on your investment if you were actually going to pay full price and didn’t mind foregoing accruing Elite Qualifying Miles/Points by flying on an award.
Although not the most exciting promotion we’ve seen lately, if you have a specific award in mind and need 50,000 miles for it, this could be a way to get them more cheaply than you would otherwise.
Here are the rest of the Terms & Conditions:
Transactions are nonrefundable and nonreversible. Please allow 72 hours for purchased AAdvantage miles to post to the designated AAdvantage account. Please allow 5 days for the bonus miles to post. AAdvantage members must purchase 20,000 AAdvantage miles or more in a single transaction from the buyAAmiles program beginning 12:00 am CT April 2, 2013, to 12:00 pm CT April 5, 2013, to be eligible for the 15% discount off the mileage price. Discount applies only to mileage price and does not apply towards taxes or $35 transaction processing fee. Bonus mile offer begins 12:00 am CT April 2, 2013 and ends 11:59 pm Central Time May 17, 2013. AAdvantage members must purchase between 20,000 and 29,000 AAdvantage miles in a single transaction from the buyAAmiles® program to be eligible to earn 5,000 bonus miles. Members must purchase between 30,000 and 39,000 AAdvantage miles in a single transaction to be eligible to earn 8,250 bonus miles. Members must purchase 40,000 or more miles in a single transaction to be eligible to earn 12,000 bonus miles. The bonus mile amount applies only to AAdvantage miles purchased and does not apply towards taxes or the $35 transaction processing fee. The bonus miles earned are calculated based on each individual purchase amount and the corresponding bonus award. There is no limit to the number of transactions allowed during the offer period, however the total number of miles purchased via buyAAmiles is limited to a combined maximum of 60,000 miles per account, per calendar year. Bonus miles earned do not count toward the annual limit. AAdvantage miles purchased or earned through this promotion do not count toward elite-status qualification or Million Miler status. Even after the introduction of the Chase Sapphire Reserve, the Chase Sapphire Preferred is still a fantastic choice if you want to avoid the Reserve’s $450 annual fee, earn 2x on all travel & dining and earn a 50,000 point sign up bonus.
Even after the introduction of the Chase Sapphire Reserve, the Chase Sapphire Preferred is still a fantastic choice if you want to avoid the Reserve’s $450 annual fee, earn 2x on all travel & dining and earn a 50,000 point sign up bonus.