Up to 67% Bonus Miles and 10% Off When Buying AA Miles

American Airlines has been making itself known for AAtrocious AAward AAvailability recently, leading us to drop our valuation of AAdvantage miles in May. It seems that the airline has gotten the message and has launched its cheapest ever buy miles promotion.

Now through June 30, you’ll get up to 67% bonus miles and save 10% off when you purchase AAdvantage miles. If you maximize this promotion, you’ll get miles for as cheap as 1.72 cents apiece.

The regular price for buying miles from American is 3.17 cents per mile ($29.50 per 1,000 miles plus a 7.5% Federal Excise Tax). With this promotion, your price will drop to 1.92 cents per mile if you max out this offer.

You’ll get the maximum 67% bonus and 10% off — netting the 1.72 cents per mile purchase rate — when you purchase 150,000 miles. But, even at just 11,000 miles, you’ll get 23% bonus miles and 10% off — dropping the rate to 2.5 cents per mile.

Here are the sweet spots of this promotion’s bonus chart:

• 11,000 + 2,500 bonus miles for $344 total (2.55 cents per mile)
• 21,000 + 5,000 bonus miles for $629 total (2.42 cents per mile)
• 51,000 + 15,000 bonus miles for $1,486 total (2.25 cents per mile)
• 76,000 + 27,500 bonus miles for $2,199 total (2.12 cents per mile)
• 101,000 + 45,000 bonus miles for $2,913 total (1.99 cents per mile)
• 126,000 + 70,000 bonus miles for $3,626 total (1.85 cents per mile)
• 150,000 + 100,000 bonus miles for $4,311 total (1.72 cents per mile)

Still…Should You Buy AA Miles?

TPG’s reduced valuation of AA miles is 1.4 cents per mile, but we know that some of you have even lower valuations. However, while AA’s award availability is bad, we hesitated lowering our valuation of AAdvantage miles for a while as there are still some ways to get great value.

On AA flights, there are reduced mileage awards: getting you one-way award flights for as little as 5,850 miles after a 10% rebate. On some routes, using miles can provide outsize savings.

But, partner awards is where you’re going to find the most value — from first class on Alaska Airlines to lie-flat business class to South America for 60,000 miles round-trip. If you maximize this promotion, you’ll be paying ~$1,200 one-way for Qatar’s amazing business class from the US to Doha (DOH) or beyond.

It’s obviously better if you’re able to generate these points and miles for free using credit cards. And, if you haven’t gotten them yet, the 60,000 sign-up bonus is still available for both the Citi AAdvantage Platinum Select World Mastercard and the CitiBusiness AAdvantage Platinum Select World Mastercard. However, if you’re ineligible to get the bonus on these cards, buying miles through this promotion can make sense if you’re able to redeem the miles for high-value options.

How to Buy

To take advantage of the promotion, follow these steps:

Keep in mind that the usual restrictions for purchasing American miles apply to this promotion, including the following:

American Airlines processes mileage transfers and purchases directly (instead of going through Points.com), so this spending should count as airfare. That means you’ll earn bonus points if you use a card with a travel or airfare category bonus. By far the best option in this category is The Platinum Card from American Express, which now earns 5x on airfare, and during American’s December miles promotion, several TPG readers reported receiving this category bonus on their purchases. So that could make this a really great deal.

Other top credit cards to consider include the Chase Sapphire Reserve, with 3x Ultimate Rewards points on general travel; the Premier Rewards Gold Card from American Express, with 3x Membership Rewards points on airfare; the Citi ThankYou Premier Card and the Citi Prestige, with 3x ThankYou points on air travel; and the Chase Sapphire Preferredwith 2x Ultimate Rewards points on general travel.

Source: thepointsguy.com