American Airlines has launched a new offer to buy AAdvantage miles with a highest-ever offered bonus of up to 100% through April 12, 2020.
The number of miles a member can buy before any bonuses is 150,000 per calendar year, and the account that purchases or receives the miles must have been open for a minimum of 30 days.
You can access this offer on AA’s website here.
The price of a mile purchased under this offer at the 150,000 miles level (300,000 with bonus) is 1.6 US cents each. The lowest previous price that American has sold its miles has been around 1.72 US cents each.
American Airlines sells its AAdvantage miles at a discount monthly, and the price offered is the lowest that the airline has sold its miles. (US Airways used to sell close to 1 cents each.)
I guess that American here is trying to get its AAdvantage members to chip in during these pandemic times. I would not buy any unless you have immediate use.
These are the Terms & Conditions for this promotion:
- Prices are in U.S. dollars. 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
- Offers to eligible members may vary and are subject to change by American without notice to you
- AAdvantage miles purchased do not count toward elite-status qualification or AAdvantage Million MilerSM status