I receive compensation for content and many links on this blog. You don’t have to use these links, but I am grateful to you if you do. American Express, Citibank, Chase, Capital One and other banks are advertising partners of this site. Any opinions expressed in this post are my own, and have not been reviewed, approved, or endorsed by my advertising partners. I do not write about all credit cards that are available -- instead focusing on miles, points, and cash back (and currencies that can be converted into the same).
For Black Friday last year they offered miles at 1.77 cents apiece and they did that the year before too. So it’s no surprise they have a Black Friday offer so sell miles at 1.77 cents apiece again through November 26.
Three times American has offered to sell miles at 1.72 cents apiece. So the Black Friday offer isn’t American’s best offer, but it’s close.
Ever since US Airways management took over at American, AAdvantage sells miles the way that US Airways used to. Regular price only seems to exist to promote discounts against. Miles are usually sold with a bonus, a discount, or both — not regular price.
Here’s the bonus table, with the best price available for the largest miles purchase:
Here’s how maxing out the offer at 270,000 miles prices:
Back before American devalued their miles in March 2016 I’d have considered this a good price. Now their miles are worth less than 1.77 cents each. However I know that some of you find value in buying lots of miles for business class redemptions to Asia. And of course it’s always better to get a better deal on miles than a worse deal if you need to top off an account anyway.
In theory at least if you use your miles for international travel you should be able to get the 7.5% excise tax back.
American Boeing 787-9 Business Class
American lets you put awards on hold for 5 days under most circumstances. So you can secure awards, then buy the miles, then go back to ticket.
American processes these transactions themselves. As a result purchases count as bonusable spend for credit cards that give extra miles for airline purchases. The Platinum Card by American Express earns 5 miles per dollar spent directly with an airline.
Terms and conditions:
To be eligible for a the bonus miles 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 November 23, 2018 to 11:59:59pm CT November 26, 2018, to be eligible to earn bonus miles. The applicable bonus miles are awarded to the recipient for Gift Miles transactions. Bonus miles earned do not count toward the annual purchase limits.
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. Transactions are nonrefundable and nonreversible. The miles successfully purchased or transferred usually post to the designated account right away, but please allow up to 8 hours for processing. Each AAdvantage member is limited to purchasing or receiving in a calendar year, a combined total of no more than 150,000 AAdvantage miles. Miles purchased through the Buy Miles program or received as a gift through the Gift Miles program count against this total. 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. AAdvantage accounts less than 30 days old are not permitted to Buy or Gift Miles. Prices are in U.S. dollars and do not include applicable taxes or $35 per transaction processing charge. The promotion, pricing and/or fee to Buy, Gift or Share Miles is subject to change without notice. Your credit card company may add a currency conversion fee.