Welcome to the updated Slickdeals redesign beta. Learn more and give us feedback. Or, return to the classic view.

Search in
Forum Thread

Anyone used Rewards2Cash.com?

ppysr 68 May 22, 2012 at 06:56 PM
Deal
Score
+34
550,488 Views

Thread Details

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?

2,573 Comments

2 3 4 5 6

Sign up for a Slickdeals account to remove this ad.

Joined Nov 2005
L10: Grand Master
2,671 Reputation
#46
Quote from mrom34 View Post :
I think they have a typo on their website. United MileagePlus (unit of 1000) for $373.75 looks like christmas gift
thought that was 10k....

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.
Reply Helpful Comment? 0 0
Joined Dec 2012
L1: Learner
14 Reputation
#47
Same here - excellent experience. I redeemed $1875 worth of Amex MR points.
Reply Helpful Comment? 0 0
Joined Nov 2010
L2: Beginner
18 Reputation
#48
Quote from Dr. J View Post :
thought that was 10k....

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.

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.
Reply Helpful Comment? 0 0
Joined Nov 2005
L10: Grand Master
2,671 Reputation
#49
Quote from jrandall View Post :
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.

that kind of explains why it also says that you aren't paid all at once
Reply Helpful Comment? 0 0
Joined Jul 2006
L5: Journeyman
304 Reputation
#50
Quote from Jperiod View Post :
Looks like they stopped taking UR! Frown I waited too long!
In fact they just upped the cash ratio. It is now a 30% bonus.
Reply Helpful Comment? 0 0
Joined Nov 2009
L3: Novice
37 Reputation
#51
Quote from AAAcharlie View Post :
In fact they just upped the cash ratio. It is now a 30% bonus.
So I sell my point for 1.3/point and then paypal takes 2.9% so leaving me with .01% over what I can redeem them myself.... what am I missing?
Reply Helpful Comment? 0 0
Joined Jan 2009
L3: Novice
43 Reputation
#52
Quote from AAAcharlie View Post :
In fact they just upped the cash ratio. It is now a 30% bonus.
too bad, I already took a statement credit. Frown
Reply Helpful Comment? 0 0

Sign up for a Slickdeals account to remove this ad.

Joined Feb 2009
L2: Beginner
50 Reputation
#53
Quote from oakfan52 View Post :
So I sell my point for 1.3/point and then paypal takes 2.9% so leaving me with .01% over what I can redeem them myself.... what am I missing?
Nope. Say you sell $1,000 worth of points for $1,300, and then paypal takes 2.9% of the $1,300. This leaves you with $1,262.30.

lol math
Reply Helpful Comment? 0 0
Joined Aug 2005
L9: Master
2,219 Reputation
#54
Quote from AAAcharlie View Post :
In fact they just upped the cash ratio. It is now a 30% bonus.

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?
Reply Helpful Comment? 0 0
Joined Dec 2006
L6: Expert
416 Reputation
#55
Quote from oakfan52 View Post :
So I sell my point for 1.3/point and then paypal takes 2.9% so leaving me with .01% over what I can redeem them myself.... what am I missing?
Why not opt for a check? That's what I recently did with MR points and the check came fairly quickly. No loss due to PayPal fees.
Reply Helpful Comment? 0 0
Joined Dec 2003
L5: Journeyman
169 Reputation
#56
Quote from ericfw View Post :
Delta and AAdvantage have high transfer fee, making it not worth it?
?
not sure what you mean by this. if he's offering his rate of 1000 sky miles for 10 bucks... who would be paying a transfer fee?
Reply Helpful Comment? 0 0
Joined Aug 2008
L7: Teacher
459 Reputation
#57
so if I have 80k delta, how much would they be worth to deal hunter?
Reply Helpful Comment? 0 0
Joined Nov 2010
L2: Beginner
18 Reputation
#58
Quote from BiG DoGN12 View Post :
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?

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).
Reply Helpful Comment? 0 0
Joined Nov 2012
Concentrate, ask again.
763 Reputation
#59
As far as I can tell, they're worth more than 1.7 cpp if used properly. (For example, British Airways sometimes has a promo adding a percentage of whatever you transfer into your account, etc.) There are individuals who will buy UR up to 1.8-1.9 cpp.
Reply Helpful Comment? 0 0

Sign up for a Slickdeals account to remove this ad.

Joined Nov 2005
the #hustle blog
240 Reputation
#60
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.
Reply Helpful Comment? 0 0
Page 4 of 172
2 3 4 5 6
Join the Conversation
Add a Comment
 
Slickdeals Price Tracker
Saving money just got easier.
Start Tracking Today
Copyright 1999 - 2015. Slickdeals, LLC. All Rights Reserved. Copyright / DMCA Notice  •  Privacy Policy  •  Terms of Service  •  Acceptable Use Policy (Rules)