American Airlines has launched an offer to purchase miles with up to 50,000 bonus miles through January 31, 2019.
American Airlines upped a while back the number of miles that you can buy before any bonuses to 150,000 every calendar year. The account that buys or receives the miles must have been open for minimum of 30 days.
You can access this offer on AA’s website here.
Here’s the bonus schedule
And the price:
The price of a mile purchased under this offer at the 150,000 miles level (to maximize the bonus) is 2.4 cents each.
The lowest price that American has sold its miles in 2017 and 2018 has been 1.72 cents each.
The price under this offer is very high and I would take a pass until a better price surfaces in due course.
Here are the terms and conditions of this offer:
AAdvantage members must purchase at least 5,000 AAdvantage miles or more in a single transaction from the Buy or Gift Miles program from 7:00:00am CT January 7, 2019 to 11:59:59pm CT January 31, 2019, to be eligible to earn bonus miles. The applicable bonus miles are awarded to the recipient for Gift Miles transactions. Bonus miles earned do not count toward the annual purchase limits.
The miles purchased with the Buy Miles program and received with the Gift Miles program do not count towards AAdvantage Gold, AAdvantage Platinum, AAdvantage Platinum Pro, AAdvantage Executive Platinum or AAdvantage Million MilerSM status qualification. Transactions are nonrefundable and nonreversible. The miles successfully purchased or transferred usually post to the designated account right away, but please allow up to 8 hours for processing. Each AAdvantage member is limited to purchasing or receiving in a calendar year, a combined total of no more than 150,000 AAdvantage miles. Miles purchased through the Buy Miles program or received as a gift through the Gift Miles program count against this total. A confirmation email will be sent to the primary buyer/gifter and/or recipient, using the email address(es) associated with the AAdvantage account(s) and any additional email address provided. AAdvantage accounts less than 30 days old are not permitted to Buy or Gift Miles. Prices are in U.S. dollars and do not include applicable taxes or $35 per transaction processing charge. The promotion, pricing and/or fee to Buy, Gift or Share Miles is subject to change without notice. Your credit card company may add a currency conversion fee.