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As I first wrote about last Monday, American is offering a discount and bonus on the purchase of AAdvantage miles through today (11:59PM CT on Monday, July 13, 2015). The sale is marketed as offering 15% off and up to 27,500 bonus miles.
American offers a bonus on the purchase of miles quite frequently, so in and of itself that’s not that special. However, this is the best rate we’ve seen on the purchase of miles in quite a while, given that they’re selling AAdvantage miles for as little as two cents each.
As a reminder, this time around you get a 15% discount no matter how many miles you purchase, but then the number of bonus miles you earn is tiered. The breakdown is as follows:
- Buy 1,000-15,000 miles, get 0 bonus miles and 15% off
- Buy 16,000-30,000 miles, get 5,000 bonus miles and 15% off
- Buy 31,000-45,000 miles, get 10,000 bonus miles and 15% off
- Buy 46,000-60,000 miles, get 15,000 bonus miles and 15% off
- Buy 61,000-75,000 miles, get 20,000 bonus miles and 15% off
- Buy 76,000-100,000 miles, get 27,500 bonus miles and 15% off
The absolute best cent per mile ratio you’ll achieve is if you purchase exactly 76,000 AAdvantage miles. That’s because you’d be eligible for both the 15% discount and 27,500 mile bonus. If you purchase 76,000 miles then you’d earn a total of 103,500 AAdvantage miles at a cost of $2,078.63 including all taxes and processing charges. That’s a rate of ~2.0 cents per mile.
Keep in mind that if you use the Citi Prestige® Card, Citi ThankYou® Premier Card, or American Express Premier Rewards Gold, you’ll earn triple points per dollar spent on the purchase, given that American processes mileage purchases the same as airfare. I value those points at a return of ~5%, which further lowers the cost per purchased mile.
See my previous post for details on when I think it makes sense to speculatively purchase American AAdvantage miles. I consider American miles to be among the most valuable points currencies out there, as they can be used for travel on Cathay Pacific, Japan Airlines, Etihad, Qatar, etc..
If you’ve been eying purchasing AAdvantage miles under the current promotion, you have less than 12 hours remaining!
Have you purchased (or you plan on purchasing) AAdvantage miles using this promotion?