One day after their last campaign expired American Airlines has launched a new offer to purchase or gift AAdvantage miles with up to a 75% bonus through August 31, 2021.
American Airlines recently increased the number of miles you can buy before any bonuses to 200,000 per calendar year (keep in mind that the account that purchases or receives the miles must have been open for a minimum of 30 days).
American AAdvantage has been running mileage sales almost continuous for the past year with varying bonus and discount offers.
You can access this most recent offer on AA’s website here.
Here’s the bonus chart under this promotion:
The price when maxing out the bonus (150K + 75% bonus):
When purchasing 150,000 miles or more (up to 200k) you start to trigger the 75% bonus for the promo.
The price of a mile under this offer at the highest bonus is 1.84 cents each. Not horrible but not cheap either especially since there are many low priced paid premium tickets on the market right now.
The lowest price that American has sold its miles in the past year has been 1.72 cents each.
While the T&C state you can buy a maximum of 150,000 miles the promotion and account setting offers to buy up to 200,000. Not sure what’s up with that but 200k is definitely the limit – for now!
The price for the miles under this offer is in the mid range and unless you need miles right away for a specific routing in mind (and have confirmed availability) I would wait for a better offer to show up. Also consider pricing out a regular revenue ticket first, it might be more affordable than using miles.
At the moment with travel restrictions and limited availability for the most lucrative AAdvantage partners (Cathay, JAL, Qantas) I consider buying miles not to be the greatest 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 10,000 AAdvantage miles or more in a single transaction from the Buy or Gift Miles program from 12:00:00am CT August 1, 2021 to 11:59:59pm CT August 31, 2021, to be eligible for bonus miles. Offers to eligible members may vary and are subject to change by American without notice.
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 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.