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American Airlines is offering two stackable promotions for buying AAdvantage miles that allow miles to be purchased for as little as 1.98 cents:

  • Get up to a 30% bonus on the miles you purchase until February 28, 2014.
  • Get a 10% discount on the price of miles until tomorrow February 6, 2014.

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How do these promotions stack? How do these promotions compare to previous Buy Miles sales? Is this a price at which you should speculatively buy American Airlines miles?

The miles bonus is tiered. To max it out and get a full 30% bonus, you need to buy exactly 40k + 12k or 60k + 18k miles.

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This bonus is available through February 28, 2014. We’ve seen this same bonus from American Airlines several times recently.

That the bonus miles stack with a second promotion–a 10% discount on the miles price–is what makes this the best price I’ve seen on American Airlines miles.

Until 11 PM CT on February 6, 2014, American Airlines is offering a 10% discount on the purchase of AAdvantage miles.

Through a combination of these two promos, you can buy 78k miles (60k + 18k bonus) for $1,542.69, which is 1.98 cents per mile.

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The second best deal is to buy 52k miles (40k + 12k bonus) for $1,040.13, which is 2.00 cents per mile.

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The normal price for American Airlines miles is over 3 cents per mile. The normal price during 30% bonus promotions is a bit over 2.1 cents per mile. I haven’t seen a price below 2 cents per mile to buy American Airlines miles in the last two years.

This is still not a good enough price to speculatively buy miles. But this can be a good deal if three conditions are met:

  1. You have found award space on American Airlines or its partners.
  2. You have put that award space on a five-day courtesy hold by phone or on
  3. The award nets a higher cents-per-mile value than the cost of buying miles.

For instance, if you have an Explorer Award on hold that features a round-the-world business class trip for 150k miles, and you only have 98k miles in your account, buying the last 52k miles for $1,040 is probably a great deal.

Fine Print:

  • AAdvantage accounts must be 14 days old to Buy, Share, or Gift miles.
  • The transaction is processed by, which means you will NOT get bonus points/miles for a travel or airfare purchase if you have a credit card that offers those bonus categories.

Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.

Just getting started in the world of points and miles? The Chase Sapphire Preferred is the best card for you to start with.

With a bonus of 60,000 points after $4,000 spend in the first 3 months, 5x points on travel booked through the Chase Travel Portal and 3x points on restaurants, streaming services, and online groceries (excluding Target, Walmart, and wholesale clubs), this card truly cannot be beat for getting started!

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