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Buy American Airlines miles for 1.8¢
I was emailed this morning regarding a great offer to buy American Airlines miles for 1.8¢. I’m racking my brain trying to think of a deal whereby miles could be purchased for much less and it doesn’t really get much better. What does this mean? If you’re looking at using American Airlines miles in the near future for a redemption and are short – this could be an opportune time. I never recommend buying miles speculatively, but if you’re actively planning a trip, then this could be a great time to pick up some miles on sale.
The maximum purchase is 150k + 115k bonus = 265k
That will set you back roughly $4800 or 1.8¢
I wrote a Monkey Miles Memo regarding the value of buying points
If you haven’t read it, and are questioning this premise it’s worth a look. I’d say that buying American Miles at $0.018 is a good opportunity for a point purchase to truly make sense. Either shore up your account, or see the outright space and purchase the entire load of points you need for that redemption. Let’s take a look at few of those instances below.
You can use miles to fly on American’s fantastic reverse herringbone products.
Like I did on the 777-200 from LHR to ORD – only 57,500 miles or $1035
Or on Japan Airlines First Class. 85k from the States to Japan or $1530.
You have until April 13, 2017
- Must purchase at least 6,000 miles
- End 11:59:59 pm CT on April 13, 2017
- Only redeemable miles, no EQM
- Max is 150k
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Chase Sapphire Preferred® Card
Welcome Offer
$300 Chase Travel℠ Credit + Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
Annual Fee
$95
Points Earned
Transferrable Chase Ultimate Rewards
- $300 Chase Travel℠ Credit + Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
- That’s worth $750 when redeemed through Chase Travel℠. Plus, get up to $300 in statement credits on Chase Travel℠ purchases within your first year
- 5x on all travel purchased through Chase Travel℠
- 3x on dining, including eligible delivery services for takeout & dining out
- 3x on select streaming services
- 3x on online grocery purchases
- (excluding Target, Walmart and wholesale clubs)
- $50 Annual Chase Travel Hotel Credit via Chase Travel℠
- The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
- 2x on all other travel
- 10% Anniversary Bonus
- Every year you keep the card, your total spend will yield a 10% points bonus. If you spend $10k in a year, you’ll get 1k bonus points
- Chase Sapphire Preferred continues to redeem at 1.25c in the Chase Travel℠ and the slew of other benefits remain in tact including Auto Rental Collision Damage Waiver ( primary ), purchase protections, etc.
- Points are transferrable to 14 Ultimate Rewards partners
- Redeem in Chase Travel℠ for 1.25 cents per point
- No foreign transaction fees
- Suite of Travel and Purchase Coverage
- Auto Rental Collision Damage Waiver is my favorite
- Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
- $95 Annual Fee
We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.
Historically 80k is a very, very good offer and hit in both 2022 and 2023. In 2021, we saw the offer hit an all time high of 100k. Who knows if that will ever come back.
Main Cast:
Cards that earn flexible points and should be used on the bulk of your purchases.
Supporting Cast:
Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on.
The Chase Sapphire Preferred® is exceptional starter card and offers transferrable Ultimate Rewards, and pairs well with other Chase cards.
If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex® and Chase Freedom Unlimited® or the business versions: Ink Business Cash® , Ink Business Unlimited® you can combine the points into Preferred account and transfer into hotel and airline partners
Annual fee is quite low at $95 a year + you get a 10% anniversary bonus on points + $50 hotel credit in Chase travel.
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