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Currently American Airlines is running a buy miles promotions, where you can buy American Airlines AAdvantage miles for as little as 2 cents per mile.
From March 31 through April 30, 2015, you’ll earn up to 60,000 AAdvantage bonus miles, when you buy miles for yourself, or when you gift miles to a friend or family member. Below is the chart, on how many bonus miles you will receive:
As usual, the question is whether you should buy miles at these rates, and if so, which miles should you buy?
If you were to max out this promotion and buy 100,000 miles, you would be receiving 60,000 bonus miles for a total for 160,000 miles for $3,200 which comes down to only 2 cents per mile. Per my recent valuations of miles and points, I value American AAdvantage miles at 1.7 cents, so depending on your redemptions, it may make sense.
If you have a specific redemption in mind that offers you much better value, and you’re fairly certain you can book the award you want, this could be worthwhile. Otherwise, I wouldn’t buy these miles speculatively.
If you’re looking for an easier way to earn some bonus miles, the Citi AAdvantage Platinum Select MasterCard is currently offering 30,000 bonus miles after $1,000 in purchases within the first 3 months of cardmembership and the first year’s annual fee is waived. So if you are just looking to stock up on miles, applying for one of those might be a better way to go.
Do you plan on taking advantage of this offer, and if so what redemptions do you have in mind?