American Airlines and Barclay recently increased the sign-up bonus on their Aviator Red Mastercard  to 60,000 miles.  There's no spending minimum and you will receive the miles within four to six weeks after making your first purchase.  Since the $95 annual fee is not waived, you are essentially buying the miles for $.0015.  

$95/60,000 = $0.0015

Since the average round-trip domestic flight in economy is 50,000 miles, you'd be getting the ticket for $75 if you used the miles from the bonus (plus approx $11 in fees).

$0.0015 x 50,000 = $75

Others perks from this card include:

• Preferred boarding and first checked bag is free for primary cardholder and up to four companions

• 25% savings on in-flight food and beverages

• 10% back on miles used each year.  So if you redeemed only the 50,000 miles for a round trip ticket you'd get 5,000 miles back at the end of the calendar year.

   

   

Things to keep in mind

• American has been known to have limited award availability so using the miles to fly with them will usually require a bit of flexibility in your dates and routes

• You can use the miles to fly their partners in the Oneworld Alliance to places including, but not limited to: Japan, Alaska, Australia and all over Europe.