Through noon Central time on April 5, American is offering both a 30% bonus on purchased miles and a 15% discount on the purchase of those miles.
They’ll sell you up to 40,000 miles in a year, which means you net 52,000 miles, and the cost all-in is $1035.13 or 1.99 cents per mile.
The 40,000 mile limit means you can’t straight-up buy yourself a transatlantic or transpacific premium class roundtrip award. But if there’s any mile out there right now that I, for my own particular preferences, value highly it’s American miles as best-able to access international first class award seats more than a couple of weeks prior to travel.
Folks often forget that when they put spending on a rewards card that earns 1 mile per dollar, they’re really buying that mile for 2 cents, since they could be putting the spend on a Fidelity Investment Rewards American Express and earning 2 percent cash back on all spend.
Anyone putting such spend on a mileage-earning card ought to at least be on the fence about whether to buy more miles at the margin…