As of September 2019, an American Airlines AAdvantage mile is worth approximately $0.014 USD. This means 1,000 AAdvantage miles are worth about $14.00 USD, and 50,000 AAdvantage miles are worth about $700.00 USD.

This also makes AAdvantage miles slightly more valuable than Delta, JetBlue, or United miles, which are all valued at $0.012 USD each, but slightly less than valuable than Alaska or Southwest miles.

Since flyers earn five AAdvantage miles for each dollar spent on airfare with American, before any elite status bonuses, this means you get an effective rebate of 7% — in the form of AAdvantage miles — on spending with American Airlines.

Those with the highest elite status level, Executive Platinum, get a 120% miles bonus, meaning they earn an effective rebate of 15.4% on spending with American Airlines.

The co-branded Barclays AAdvantage Aviator Red and Citi AAdvantage Platinum Select earn two AAdvantage miles per dollar spent with American Airlines and one mile per dollar spent elsewhere.

This works out to an effective rebate of 2.8% at American Airlines and 1.4% on all other purchases.

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