Originally Posted by
ashill
I think the exact rate in the contract as well as the details of how it's paid out (ie is it strictly per mile? is there some sort of threshold the bank promises? Does the rate fluctuate depending on volume or other factors? etc) are commerical-in-confidence, but typical guesses are in the 1.5 cent per mile range for typical airline credit cards (not specifically BofA/AS).
The buy rates, and other terms and agreements, are treated as competitive secrets, so there is not a lot of public data. My very-slightly-informed guess is the price ranges are closer to 1¢ than to 1.5¢. Years ago, Citi had the best rate with AA, and Chase (UA) and Amex (DL) paid more. That may not be the case now. The agreements have grown more complicated and include much more than miles.