American offering bonus on the purchase of AAdvantage miles through November 15, 2012

Through November 15, 2012, American is offering 2,000 bonus miles for every 6,000 miles purchased, with a maximum of 12,000 bonus AAdvantage miles.

Through this promotion you can buy a maximum of 48,000 AAdvantage miles (36,000 base miles plus 12,000 bonus miles) at a cost of $1,099.25. That’s ~2.29 cents per mile, a rate at which I wouldn’t outright purchase AAdvantage miles since I value them at ~1.8 cents per mile.

That being said, if you’re just looking to top off an account or have a specific redemption in mind, it could make sense to take advantage of the promotion. For example, a one-way award ticket between the US and Southeast Asia on Cathay Pacific would run you 55,000 AAdvantage miles, so if you have an account with a few thousand miles already, ~$1,100 isn’t a bad deal for a one-way business class ticket.

It’s worth noting that mileage purchases with American are processed by points.com, so this wouldn’t qualify as airline spend for the purposes of a credit card.

(Tip of the hat to Gary)

Comments

  1. @lucky, I’m still trying to understand AA’s award chart. If I want a ticket from FCO to MEX or CUN in F, the price would be 62.5k miles, right? I might be wrong on this, but the only options would be AA through the US, BA through LHR, or IB through MAD, but only the first 2 offer F, right? Assuming I want to fly on BA, how much should I expect to pay for taxes and other surcharges? Would it be difficult to get a place for mid June? I currently have 31k miles, and might consider buying the rest if the price is not too bad… Thanks, and sorry for the long question.

  2. @ David E. — Correct, Iberia doesn’t have first class. The fuel surcharges would be about $350-400 each way, in addition to the taxes. It shouldn’t be tough to get first class award space on BA for next summer. You can always look up space on aa.com, hold a reservation for five days even though you don’t have enough miles, and then purchase the miles needed for the ticket.

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