They can also be leveraged to upgrade seats. Watch out for other redemption options, like renting cars or booking vacation packages. Yes, these technically add versatility to your American miles, but they rarely offer decent value. We collected hundreds of data points comparing the cash value with award mile value for the same routes and dates.
That is, we compared the cost of a given ticket in either cash or miles, across many tickets. This method differs from others in that it looks at actual redemptions rather than hypothetical, maximized redemptions. The advantage of this approach is that it provides a real-world indication of how much these miles are worth under typical circumstances.
Here are our picks for the best travel credit cards of , including those best for:. What does this value mean? How do American miles compare to other airlines? Mile value. What is the value of American miles when booking business class? Main cabin value cents. Business class value cents. American AAdvantage. When is the best time to use American miles? How to convert American miles to dollars. How flexible are American miles? Rewards Programs Advertiser Disclosure. AAdvantage miles have an especially high value, if you're willing to work for it.
Published: October 14, Author: Robin Ratcliff. Editor: Courtney Mihocik. Reviewer: Antonio Ruiz-Camacho. Filed Under:. The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Terms apply to the offers listed on this page. AAdvantage miles, also referred to as American Airlines miles, are one of the most valuable rewards currencies in existence due to the sheer size of the American Airlines flight network and a large number of sweet spots within the AAdvantage rewards chart.
However, the AAdvantage program is not for the casual traveler. The AAdvantage program ranks near the top of our list for airline credit card miles values. We estimate American Airlines miles to be worth 1. MileSAAver awards can be a fantastic value, requiring as few as 7, miles for a one-way fare within the U.
When we look at MileSAAver awards over a variety of locations for economy-level fares, they average around 2. Business MileSAAver awards are an even better deal, averaging around 3. But American Airlines restricts the availability of its MileSAAver awards, requiring flexibility on times and destinations. There may not be a MileSAAver award available for every destination or time that you would like to fly, especially if you are aiming for a popular location or want to fly at a peak travel time.
AAnytime awards for economy fares are worth only 1 cent per mile on average. Once you have a redemption option in mind, you can use a simple formula to calculate the value of your miles. Basically, you take the cash price of your intended redemption option remembering to subtract any taxes and fees that you have to pay and divide it by the number of miles:.
The value that you come up with will be a rough estimate. I would like to subscribe to the NextAdvisor newsletter. See privacy policy. Before you go, sign up for our newsletter to get NextAdvisor in your inbox. Student Loans. Capital One. Next Advisor Logo. Share Share on Social Media. Adobe Stock. Editorial Independence We want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission.
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