American Airlines just sent out a new offer for buying miles that has two separate components; you can get up to 30% bonus for buying through by May 17 & get an additional 15% discount for making the purchase by noon CT on April 5, 2013. You can access this offer on American’s website here.
You can buy up to 60K miles at 15% discount, but the 30% bonus miles maxes out at 12K bonus miles for buying 40K or more miles.
If you make the purchase by noon CT on 5th and buy the optimal amount of miles (40K that with this bonus comes to 52K), the purchase price of a mile under this offer is exactly 2 cents that cannot be coincidence.
This 2 cents per mile is about the lowest price American sells them during their sales. You can access my article about, whether it makes sense to purchase airline miles here.
This is not a bad price to purchase American Airlines miles if you use the wisely for partner business and first class awards.
Here are the terms and conditions associated with this offer:
Transactions are nonrefundable and nonreversible. Please allow 72 hours for purchased AAdvantage® miles to post to the designated AAdvantage account. Please allow 5 days for the bonus miles to post. AAdvantage members must purchase 20,000 AAdvantage miles or more in a single transaction from the buyAAmiles® program beginning 12:00 am CT April 2, 2013, to 12:00 pm CT April 5, 2013, to be eligible for the 15% discount off the mileage price. Discount applies only to mileage price and does not apply towards taxes or $35 transaction processing fee. Bonus mile offer begins 12:00 am CT April 2, 2013 and ends 11:59 pm Central Time May 17, 2013. AAdvantage members must purchase between 20,000 and 29,000 AAdvantage miles in a single transaction from the buyAAmiles® program to be eligible to earn 5,000 bonus miles. Members must purchase between 30,000 and 39,000 AAdvantage miles in a single transaction to be eligible to earn 8,250 bonus miles. Members must purchase 40,000 or more miles in a single transaction to be eligible to earn 12,000 bonus miles. The bonus mile amount applies only to AAdvantage miles purchased and does not apply towards taxes or the $35 transaction processing fee. The bonus miles earned are calculated based on each individual purchase amount and the corresponding bonus award. There is no limit to the number of transactions allowed during the offer period, however the total number of miles purchased via buyAAmiles is limited to a combined maximum of 60,000 miles per account, per calendar year. Bonus miles earned do not count toward the annual limit. AAdvantage miles purchased or earned through this promotion do not count toward elite-status qualification or Million MilerSM status.