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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.

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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?

Citi® / AAdvantage® Platinum Select® World Elite™ Mastercard®

Earn 50,000 miles after $2,500 spent within the first 3 months. The sign-up offer alone is worth up to $700. If you're a frequent American flyer but don't have status, additional perks that come with this card like first free checked bag on domestic AA itineraries, preferred boarding on American flights can be extremely valuable.

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More Things to Know
  • Earn 50,000 American Airlines AAdvantage® bonus miles after making $2,500 in purchases within the first 3 months of account opening*
  • New: Earn 2 AAdvantage® miles for every $1 spent at gas stations*
  • New: Earn 2 AAdvantage® miles for every $1 spent at restaurants*
  • Earn 2 AAdvantage® miles for every $1 spent on eligible American Airlines purchases*
  • New: Earn a $100 American Airlines Flight Discount after you spend $20,000 or more in purchases during your cardmembership year and renew your card*
  • No Foreign Transaction Fees*
  • First checked bag is free on domestic American Airlines itineraries for you and up to four companions traveling with you on the same reservation*
  • Enjoy preferred boarding on American Airlines flights*
  • Receive 25% savings on inflight food and beverage purchases when you use your card on American Airlines flights*
Intro APR on Purchases
N/A
Regular APR
17.74% - 25.74%* (Variable)
Annual Fee
$99, waived for first 12 months*
Balance Transfer Fee
3% of each balance transfer; $5 minimum.
Recommended Credit
Excellent/Good

Editorial Disclaimer: Opinions expressed here are 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.

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