American Airlines has launched a new offer to purchase or gift AAdvantage miles up to a 75% bonus through February 14, 2021.
A while back, American Airlines upped the number of miles you can buy before any bonuses to 150,000 every calendar year. 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.
Here’s the bonus chart under this promotion:
The price of 262,500 miles (150K + 75% bonus):
The price of a mile under this offer at the highest bonus is 2.15 cents each.
The lowest price that American has sold its miles in the past year has been 1.72 cents each.
The price for the miles under this offer is very high, and unless you need miles right now for a specific purpose, I would wait for a better offer to come around.
Right now, I consider buying miles not a very good investment unless there is an immediate opportunity to redeem something.
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 12:00:00am CT February 1, 2021 to 11:59:59pm CT February 14, 2021, to be eligible for bonus miles. Offers to eligible members may vary and are subject to change by American without notice.
Buy / Gift Miles
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. Prices are in U.S. dollars and do not include taxes or the applicable per transaction processing charge. Miles purchased, transferred or received as a gift do not count toward elite-status qualification. Members may purchase for themselves or receive as a gift, a maximum combined total of 150,000 AAdvantage® miles in a calendar year. 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. You can check your balance online by logging on to www.aa.com. Buy Miles or Gift Miles transactions are non-refundable, non-transferable and non-exchangeable. 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. If a transaction is voided or cancelled please note the funds were not charged to your credit card, however your credit card company may place a hold on the fund/credit for 24-72 hours. Please contact your card provider for more information. Other terms may apply.
All AAdvantage miles are sold in US dollars.
ALL AMOUNTS CHARGED TO MEMBERS FOR THE PURCHASE OF MILES INLUDE U.S. FEDERAL EXCISE TAX (CURRENTLY 0%) AND ARE SUBJECT TO A TRANSACTION PROCESSING FEE. THE PER TRANSACTION PROCESSING FEE FOR THE PURCHASE OF MILES IS $0 (applies to Buying or Gifting miles). When purchasing miles, American will remit excise tax to the U.S. Government on behalf of the Member. Amounts charged also include Canadian GST/HST as applicable. All amounts paid by the Member under this Agreement are exclusive of other sales, use or privilege taxes, or tax-like charges, fees or similar liabilities.