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In early 2020, Bask Bank launched a game-changing new savings account that earns American Airlines AAdvantage® miles instead of interest. The Bask Mileage Savings Account has no monthly fees or minimum balance requirements, and you earn 2 AAdvantage® miles for every dollar saved annually.
If you've been on the fence about opening an account, now's a great time to open an account. Bask Bank just launched a welcome bonus for new account holders. If you sign up for a Bask Mileage Savings Account by May 31, 2023, you can earn 2,000 bonus AAdvantage® miles by maintaining a minimum daily account balance of $10,000 for 90 consecutive days.
While this isn’t a huge bonus, there’s no reason to miss out on such an easy way to earn extra miles. Here's the link to open a Bask Mileage Savings Account with this new offer.
In today’s post, we’ll show you just how useful those miles can be. With nearly two dozen partner airlines that can take you to over 1,000 destinations, the AAdvantage® program offers some amazing ways to spend the miles you'll earn with your new Bask Mileage Savings Account.
- Why AAdvantage® Partners Matter
- AAdvantage® Partners for Travel Closer to Home
- Use AAdvantage® Miles to Visit International Destinations
- Booking World-Class Premium Cabins With AAdvantage® Miles
- Why You Should Get a Bask Mileage Savings Account
- Earning AAdvantage® Miles
- Final Thoughts
Why AAdvantage® Partners Matter
For award flights on American Airlines, there's really no telling what award flights will cost. You may score a Web Special award to fly across the country for just 5,000 miles. But you may have to pay a ton of miles to fly during the holidays. With American Airlines' flexible award pricing, it's hard to plan for how many miles you'll need for a trip.
However, AAdvantage® maintains a static award chart for award flights on its partners. As long as you can find award availability, you can book award flights on partners for a set number of miles. That means you can calculate how much and how long you'll need to save through a Bask Mileage Savings Account to book the award you want.
And there's no shortage of AAdvantage® partners. American Airlines is part of the oneworld alliance® — an alliance of 13 airlines that collectively serve over 900 destinations across 170 countries and territories. In addition, American Airlines partners with 10 airlines outside the oneworld alliance.
Put together, you can use AAdvantage® miles to fly almost anywhere in the world you might want to go.
So, let's take a closer look at American's many partners and where you can fly with AAdvantage® miles.
AAdvantage® Partners for Travel Closer to Home
In addition to numerous routes served by American Airlines, the AAdvantage® program has several partners that offer additional coverage in North America, Hawaii, and the Caribbean. Let's start by taking a look at these.
American and Alaska have a complicated history. But, that's water under the bridge now. The once-frenemies are now close partners and both are members of the oneworld alliance. Thanks to this partnership, you can use AAdvantage® miles to fly with Alaska Airlines.
Award flights within the U.S. or between the U.S. and Canada cost:
- 12,500 AAdvantage® miles each way in economy
- 25,000 AAdvantage® miles each way in first class
One-way Alaska Airlines award flights to other parts of North America cost:
- Alaska: 15,000 AAdvantage® miles in economy or 30,000 miles in business class
- Caribbean, Mexico, or Central America: 17,500 AAdvantage® miles in economy or 27,500 miles in business class
- Hawaii: 22,500 AAdvantage® miles in economy or 55,000 miles in business class
As a non-alliance partner, there are some restrictions on how you can use AAdvantage® miles on Hawaiian Airlines. You can only use AAdvantage® miles to fly within Hawaii or between Hawaii and Asia or the South Pacific. That means you won't be able to use AAdvantage® miles to fly Hawaiian Airlines between the U.S. mainland and Hawaii.
Intra-Hawaii flights cost just 7,500 AAdvantage® miles each way in economy or 15,000 miles each way in business class. That means you'd need to save $15,000 in a Bask Mileage Savings Account for just 3 months to get a free flight within Hawaii! And award availability is usually wide open:
If you're based in Hawaii — or building a multi-stop award trip — you can book Hawaiian Airlines award flights to Japan or Korea for:
- 32,500 AAdvantage® miles each way in economy
- 52,500 AAdvantage® miles each way in business class
You can also fly Hawaiian Airlines between Hawaii and the South Pacific for:
- 37,500 AAdvantage® miles each way in economy
- 65,000 AAdvantage® miles each way in business class
Silver Airways operates intra-Caribbean flights between San Juan, Puerto Rico and parts of the U.S. and British Virgin Islands using a fleet of small planes. And you can even redeem AAdvantage® miles for these flights! Award flights within the Caribbean on Silver Airways cost 7,500 AAdvantage® miles each way.
This can be an excellent use of your AAdvantage® miles, as these flights can cost hundreds of dollars each way.
You can get enough miles to book one of these routes with AAdvantage® miles by saving $7,500 in a Bask Mileage Savings Account for 6 months. That's much better than the cash interest you'd earn on that savings!
American Airlines recently launched a new partnership with JetBlue Airways — letting travelers earn and redeem AAdvantage® miles on JetBlue flights. Economy awards on JetBlue cost:
- Domestic U.S.: 12,500 miles each way.
- Caribbean/Mexico: 17,500 miles each way.
- Central America: 17,500 miles each way.
- Northern South America: 20,000 miles each way.
Unfortunately, JetBlue Mint is priced at a premium above standard first-class award rates. So, it's rarely going to make sense to redeem AAdvantage® miles for JetBlue Mint.
Also, JetBlue's transatlantic flights aren't part of the so-called “Northeast Alliance” between American Airlines and JetBlue. That means you won't be able to redeem AAdvantage® miles on these routes.
Use AAdvantage® Miles to Visit International Destinations
Between the oneworld alliance and American's eclectic mix of non-alliance partners, you can use your AAdvantage® miles to fly all over the world — including some world-class cities that may be on your bucket list.
- London nonstop on British Airways from 27 U.S. airports
- Tokyo nonstop on Japan Airlines from 10 U.S. airports
- Madrid and Barcelona nonstop on Iberia from 8 U.S. airports
- Hong Kong nonstop on Cathay Pacific from 5 U.S. airports
- Sydney and Melbourne nonstop on Qantas from 5 U.S. airports
- Doha nonstop on Qatar Airways from 12 U.S. airports
Don't live near one of the U.S. gateway airports served by these partners? No problem! AAdvantage® has no limitations on combing partners. So, you can mix and match airlines to get you from point A to point B. You can even connect from an Alaska flight to an American flight to catch a Qatar flight if that's the best way to get there!
Hop to South Pacific Islands Using AAdvantage® Miles
Looking for a more tropical destination? You can also use your AAdvantage® miles to visit two of the most popular islands in the South Pacific. Fly from anywhere in the contiguous U.S. to Papeete, Tahiti (PPT) on Air Tahiti Nui via Los Angeles (LAX). Or, fly on oneworld connect airline Fiji Airways to Nadi, Fiji (NAN) via Los Angeles (LAX), San Francisco (SFO), or Seattle (SEA).
Both of these incredible destinations cost:
- 40,000 AAdvantage® miles each way in economy
- 65,000 AAdvantage® miles each way in premium economy
- 80,000 AAdvantage® miles each way in business class
Booking World-Class Premium Cabins With AAdvantage® Miles
One of the best things about frequent-flyer miles is that they give you access to travel experiences you could never justify if you had to pay full price. And when it comes to flying some of the best business- and first-class cabins in the world, the AAdvantage® program truly outshines the competition.
AAdvantage® partners with Etihad Airways, Cathay Pacific, Qatar Airways, and Japan Airlines — all of which take their premium-cabin offerings to a whole different level.
Qatar's Qsuite product is widely considered to be one of the best business-class products in the skies. Qatar Qsuite is especially great for couples. You can fly and even sleep side-by-side — complete with closing doors on either side of the suite.
You can redeem AAdvantage® miles to fly between the U.S. and the Middle East or the Indian Subcontinent for just 70,000 miles each way:
Or fly Qsuite for over 24 hours from Los Angeles to Cape Town via Doha for just 75,000 miles each way:
Cathay Pacific First Class
Likewise, Cathay Pacific is considered one of the best first-class products in the world. And it's another incredible product that you can book using AAdvantage® miles.
One-way award flights between anywhere in the U.S. and Hong Kong or Southeast Asia cost:
- 37,500 AAdvantage® miles in economy
- 50,000 AAdvantage® miles in premium economy
- 70,000 AAdvantage® miles in business class
- 110,000 AAdvantage® miles in first class
So, you're going to want to book the longest flights that you can. To maximize the experience, connect onward to another destination in Southeast Asia, and enjoy Cathay Pacific's incredible first-class lounges in Hong Kong.
Japan Airlines First Class
For flights to Japan, it's hard to beat the luxury of Japan Airlines First Class. And again, Japan Airlines business- and first-class awards are surprisingly cheap using AAdvantage® miles. For flights between the U.S. and Japan or Korea, you'll have to pay just:
- 60,000 AAdvantage® miles each way in business class
- 80,000 AAdvantage® miles each way in first class
That rate looks especially good compared to the just devalued Alaska Airlines awards on Japan Airlines.
Why You Should Get a Bask Mileage Savings Account
The idea behind the Bask Mileage Savings Account is pretty simple. Rather than earning cash interest, you'll earn 2 AAdvantage® miles per dollar saved per year. And you don't have to wait a full year to get your miles. Bask Bank deposits miles monthly.
Say you deposit $1,825 in a Bask Mileage Savings Account, you'll earn 10 AAdvantage® miles per day. A few days after the end of a 30-day month, Bask Bank will deposit 300 miles in your AAdvantage® account.
There are all kinds of reasons that you might want to open a Bask Mileage Savings Account. For starters, earning AAdvantage® miles each month is a great way to ensure your AAdvantage® miles don't expire from inactivity.
However, the main reason to save with Bask Bank is the great return you can get on your savings. That's especially true now when the average cash-earning savings account only yields 0.35% interest. At the very least, you can get 1 cent in value per AAdvantage® mile (e.g. reserving seats)
Then there are the after-tax earnings. In short, the value that you have to pay taxes on will likely be far less than the value that you can get from those AAdvantage® miles. Even compared to a savings account yielding 4%, the after-tax return on earning AAdvantage® miles is likely going to be higher than your after-tax earnings from cash savings.
Bask Bank New Account Bonus
Now through May 31, 2023, Bask Bank is offering 2,000 bonus AAdvantage® miles on new accounts. To qualify, you'll need to maintain a minimum daily balance of $10,000 for 90 consecutive days within 120 days of opening an account. This great bonus is in addition to the AAdvantage® miles you'll otherwise earn from your savings. So, there's no reason to wait any longer to open a Bask Mileage Savings Account.
Earning AAdvantage® Miles
Bask Bank is a great way to put your AAdvantage® mileage earnings on auto-pilot. For those with substantial savings, it's a great way to build a large balance of AAdvantage® miles to redeem for the incredible awards we detailed in this post.
If you don't have a large amount of savings, saving even a small balance with Bask Bank can help you supplement other ways to earn AAdvantage® miles. And there are plenty of other ways to earn AAdvantage® miles. These include flying on American Airlines or partner airlines, earning bonus miles through the AAdvantage® Dining Program, shopping through the AAdvantage® eShopping portal, or opening a new AAdvantage® credit card.
American Airlines AAdvantage® is one of our favorite airline loyalty programs. Thanks to the nearly two dozen airlines it partners with, you can fly to over 1,000 destinations around the world — and travel in some of the best business- and first-class products in the skies. Especially after repeated devaluations from Delta and United, American Airlines' partner awards seem downright cheap.
Best of all, you have a wide variety of ways to earn AAdvantage® miles. One of our favorite ways is by saving through Bask Bank. In fact, I think it's such a good deal that I personally keep all of my cash savings in a mixture of the Bask Mileage Savings Account and Bask Interest Savings Account.
If you don't have an account yet, you can earn 2,000 bonus AAdvantage® miles by opening an account and maintaining a minimum daily balance of $10,000 for 90 consecutive days. But, you need to act quickly. This offer expires on May 31, 2023.
Terms & Disclosures:
Bask Bank and BankDirect are divisions of Texas Capital Bank, N.A. Member FDIC. The sum of your total deposits with (i) Bask Bank; (ii) BankDirect; and (iii) Texas Capital Bank, N.A. are insured up to $250,000. Additional coverage may be available depending on how your assets are held.
The value of this offer will be reported to the IRS and the recipient is responsible for any federal, state or local taxes on this offer.
American Airlines reserves the right to change the AAdvantage® program and its terms and conditions at any time without notice, and to end the AAdvantage® program with six months notice. Any such changes may affect your ability to use the awards or mileage credits that you have accumulated. Unless specified, AAdvantage® miles earned through this promotion/offer do not count toward elite-status qualification or AAdvantage® Million MilerSM status. American Airlines is not responsible for products or services offered by other participating companies. For complete details about the AAdvantage® program, visit aa.com/aadvantage.
The comments on this page are not provided, reviewed, or otherwise approved by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
Does anyone know if current account holders are eligible to open a new account to get the bonus?
Unfortunately not. The T&C are clear “To qualify for this offer, you must be a first time Bask Mileage Savings Account customer”
You’re welcome, JT.
Is it possible to non USA residents to open an account at Bask Bank?
I don’t believe so. It is perhaps possible if you have a U.S. credit history, but you’d need to check with Bask Bank.
A thousand AA Miles, that’s it? Yawn! Come on Bask Bank, you can do a bit better….5K, or at least 3K would actually be a bit tempting….1K is just not getting it done here for a start up bonus, even for a bank savings account.
they turned me down for no good reason that I could see. No explanation,
Excellent credit. I own a real business that’s been around for 30 years
I haven’t applied for too many credit cards lately and I’ve got money in the bank
It took them a long time and the experience left a bad taste in my mouth.
1,000 miles isn’t much – I’ve not actually seen a web special recently, it’s all crazy amounts of miles.
Do they still have any kind of referral program? The last I can see expired in September. Thinking of referring my husband after I do it.
We’ve had some amazing redemptions from Australia to Europe over the years. AAdvantage has definitely served us well.
This is interesting but never of the bank before.
Hopefully, the times of easily acquiring AND spending miles will return very soon.
Just worked on that this week. Bask Bank has an app (iOS is the version I downloaded). Little bit of a hiccup creating the account on Sunday. (Timed out in the process of creating the account.) The Customer Service representative with whom I spoke on Monday was very helpful and suggested simply trying the application process again, via computer (not on the app.)
Finished the account creation on Tuesday. Funded the account on Wednesday, the 16th, with enough $$$ to generate the additional 1K bonus miles. Process was easy. They use something called “Plaid” Integration and they have a full selectable list of banks including Chase, Citibank, BofA, Wells Fargo, Capital One, TCF, USAA, Regions, PNC, BMO Harris, Fifth Third, Navy Federal CU, Chime, TD and SunTrust (perhaps one or two more). There’s also a way to verify with “micro-deposits”, but I preferred the instant verification using “Plaid”
They also use 2FA (Two-Factor Authentication), which I found very reassuring.
There is a message…
“Recent transactions will show as pending, but you start earning AAdvantage® miles on the next business day after deposit.”
So, in theory, I started “earning AAdvantage miles TODAY! Woo-hoo!
Does it worth to open the account to get 1000 miles?
Not sure I would want to leave $5k in a savings account just for 1,000 AA miles.
You will be much better off in the long run by investing your savings. Investments will appreciate over time and AA miles will depreciate, that is for sure.