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Update: Some offers mentioned below are no longer available. View the current offers here: Citi AAdvantage Platinum Select

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.

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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:

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My Thoughts

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?

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More Things to Know
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred named "Best Credit Card for Flexible Travel Redemption" - Kiplinger's Personal Finance, June 2018
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR on Purchases
N/A
Regular APR
18.24% - 25.24% Variable
Annual Fee
$95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent Credit

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.