December 4, 2017
Sale: Buy American Airlines Miles for 1.77 Cents Each

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There’s many ways to acquire airline miles besides flying. A few ways to do this are using shopping portals, the right credit cards, and to purchase miles at the right price. American Airlines is currently offering up to 120,000 bonus AAdvantage miles when you purchase miles during its newest promo.

The bonus is tiered based on how many miles you purchase. In order to maximize the promo, you need to buy 150,000 miles for $4,786.88. This will trigger the maximum 120,000 bonus miles available. The cost per mile comes down to 1.77 cents each. Keep in mind that you can purchase a maximum of 150,000 AA miles per year.

While it’s generally not a good idea to purchase and hold airline miles, there’s many ways to get great value at this price. For example, you can redeem 110,000 miles for a one-way First Class ticket on Cathay Pacific. Purchasing miles for that ticket would cost you $1,870 for a flight from Los Angeles to Hong Kong instead of the usual $9,500. For an even better value, you can redeem 75,000 miles for a Qatar Airways Business Class ticket from Boston-Doha-Cape Town. Those 75,000 miles would cost just $1,275.

The promotion price is valid through 11:59 PM CT on January 4, 2018.  You can get even more value by using the right credit card. American Airlines processes this directly, so you’ll want to pay with a credit card which awards airline purchases. For example, the Platinum Card from American Express earns 5X points per $1 on airfare and the Chase Sapphire Reserve earns 3X points per $1 on travel.

Featured Image Courtesy of Qatar Airways