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Update: This bonus is no longer available.
Through June 12, 2015, American Airlines is running a promotion that allows you to earn up to 50,000 AAdvantage bonus miles when you buy AAdvantage miles for as little as 2.06 cents per mile, either for yourself or as a gift.
This chart shows how many bonus miles you’ll receive for different increments of purchased miles:
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 purchase 90,000 miles, you’d be receiving 50,000 bonus miles for a total of 140,000 miles; at a spend of $2,880 (which includes the taxes and fees for buying the miles), this comes down to only 2.06 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 speculatively buy these miles.
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 this card 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?
H/T: One Mile at a Time
Chase Sapphire Preferred® Card
|Intro APR||Regular APR||Annual Fee||Foreign Transaction Fee||Credit Rating|
|N/A||16.24%-23.24% Variable||Introductory Annual Fee of $0 the first year, then $95||0%||Excellent Credit|