American Airlines has launched an offer to purchase miles at up to 40% off through May 31, 2019.
American Airlines a while back upped 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 discount schedule:
And the price:
The price of a mile purchased under this offer at the 150,000 miles level (to maximize the discount ) is 1.92 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 still high and unless you need miles right now I would wait for a better offer to surface.
Here are the terms and conditions of this offer:
To be eligible for a discount AAdvantage members must purchase at least 11,000 AAdvantage miles or more in a single transaction from the Buy or Gift Miles program beginning on May 1, 2019 to 11:59:59pm CT on May 31, 2019. The prices shown include the applicable discount. The discount applies to the AAdvantage miles purchased and does not apply towards taxes.
Transactions are nonrefundable and nonreversible. The miles successfully purchased 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. The miles purchased with the Buy Miles program and received with the Gift Miles program do not count towards AAdvantage Gold, AAdvantage Platinum, AAdvantage Executive Platinum or AAdvantage Million MilerSM status qualification. 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. The price of your purchase is in U.S. dollars. Your credit card company may add a currency conversion fee.