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Forum Thread

Anyone used Rewards2Cash.com?

ppysr 68 May 22, 2012 at 06:56 PM
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Just got an AMEX card a few months ago, and now have 75K points with the sign up promo. I was thinking about getting some gift cards with the points and sell the gift cards, but heard some people mentioning Rewards2Cash.com.

I never heard of the website before and their payout rate for points seems to be really good, have anyone used them before?

2,507 Comments

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#166
yes, does paypal hit you with a fee when you get paid by these guys? Just curious
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#167
Quote from mint99 View Post :
yes, does paypal hit you with a fee when you get paid by these guys? Just curious
While I haven't actually verified it, I'm pretty sure it's 2.5 - 3% (can't remember which). But the check comes in later-- so depends if the convenience is worth the extra %.
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#168
Quote from chimmy826 View Post :
Did PayPal hit you with a fee?
you will get hit with a fee...he is a points broker paying with a card to make more points Big Grin
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#169
Quote from chimmy826 View Post :
Did PayPal hit you with a fee?
Yes. It was stated earlier in the thread I believe...or maybe I read it somewhere else. This would be the same with rewards2cash for those who are interested.
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#170
Paypal fee is 2.9% + 30 cents
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#171
Just used Bruce (flighthunter) for a points tranfer. Simple process and easy to work with!
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#172
I just used Bruce (flighthunter) as well for transferring chase UR points. Really nice guy and made the whole experience easy.

Quote from crobbins View Post :
Just used Bruce (flighthunter) for a points tranfer. Simple process and easy to work with!
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#173
Bruce does seem like a nice guy. But he's taking forever to use the miles (did get paid first).
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#174
Quote from dbl118 View Post :
Bruce does seem like a nice guy. But he's taking forever to use the miles (did get paid first).
Really? Mine were always gone in a couple of hours...
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#175
Quote from cdudeman View Post :
I just used Bruce (flighthunter) as well for transferring chase UR points. Really nice guy and made the whole experience easy.
So is he on SD? How re you guys getting in touch with him?
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#176
To transfer the AMEX points do they need access to your account?
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#177
If you use these services are you supposed to pay taxes on the cash you get? Granted if they dont report it to the IRS not a big deal, but seems like they would have to if they are us based
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#178
Quote from Opusnbill7 View Post :
Really? Mine were always gone in a couple of hours...
It's been over 3 weeks and he still has most of my points. Honestly I'm not entirely sure he hasn't forgotten about them and he didn't r espond to my latest inquiry (usually he responds within minutes). I'm happy I have the money, but I want to change passwords back, etc.
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#179
Quote from jakeb16 View Post :
If you use these services are you supposed to pay taxes on the cash you get? Granted if they dont report it to the IRS not a big deal, but seems like they would have to if they are us based
i asked an accountant once he told me why is it different than if you were to get cash back from the company (which you FOR SURE do not need to report)
Even if you were to tell me that its because you got a "higher" value than the comany would give, i have gotten 10 cents at times (by using them for hotels or flights) does that mean i need to pay taxes?
/twocents
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#180
Quote from david123456 View Post :
i asked an accountant once he told me why is it different than if you were to get cash back from the company (which you FOR SURE do not need to report)
Even if you were to tell me that its because you got a "higher" value than the comany would give, i have gotten 10 cents at times (by using them for hotels or flights) does that mean i need to pay taxes?
/twocents

If you redeem through the credit card site its simply a rebate or discount on existing purchases


When you sell something to a third party doesnt that now become ordinary income that you need to report? I think there is a limit you have to exceed but its just like if you sold something on ebay.
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