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wait, clicking through it I find: Please expect longer handling time for this product. Half payment will be paid within days, and the other half will be paid in estimated 1-2 months. In unit of 32,500 points. This product doesn't support Option B: get paid before point transfer. Last edited by Dr. J; 12-13-2012 at 10:09 AM.. |
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| 12-13-2012, 10:00 AM | |
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Selling united miles is a little different. He logs into your account and books tickets through your account. 32,500 is the cost of a one way ticket to China, apparently. It sounds a little sketchy, but it worked out perfectly for me. |
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I'm curious as to why he upped the rate? Last year I'm assuming he was purchasing a lot in hopes of Chase running the Best Buy / Cyber Monday deal again. That fell through and a couple days after he stopped taking UR points probably because he had so much stocked up. I'm curious as to what deal is going on now that has caused him to currently value the UR points so highly? BiG DoGN12 GO HEELS
SlickDeals.net has ruined my life. ![]() |
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He's not buying the UR points for the merchandise, he's buying them so he can turn them into airline miles with a Chase Sapphire account. He then turns them into tickets, and sells people tickets at a discount rate. Buy at 1.3 cpp, sell at 1.5cpp(a guess). Somebody gets a plane ticket to China valued at 1.7cpp. Everybody wins (unless the original point owner was planning on taking a trip to China). |
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Here are some numbers.
Round trip First class ticket to Asia on United ($) - $10,000 Round trip First class tickets to Asia (United miles) - 140,000 These services will buy miles at 1.7cpp. So 140,000 miles will cost them $2,380. They can then sell the F ticket for however much they desire but you can easily see the profit margin. |
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