Through 12PM CDT on Thursday, April 5, American is offering both a 30% bonus AND 15% discount on the purchase of miles. For those of us not good at math, that translates to…. well, a hot mess.
Through this promotion the cost to purchase 40,000 miles is $935 plus the processing fee and taxes, for a grand total of $1,035.13.
Those 40,000 miles don’t include the 30% mileage bonus (12,000 bonus miles), which will post 6-8 weeks after the end of the promotion (though in practice it may be sooner). That nets you a total of 52,000 American miles for $1,035.13, which is ~1.99 cents per mile.
That’s about as cheap as I’ve ever seen them sell miles. Is it worth topping off an account at this rate? Absolutely, if it will get you towards a redemption threshold. Is it worth buying miles without a specific use in mind? I’d say probably not, since they’re always subject to being devalued.
Two cents is slightly higher than I value American miles, though not much…