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OFFICIAL "Where to sell airline miles/credit card points or rewards" THREAD **No buying/selling**

ppysr 781 75 May 22, 2012 at 06:56 PM
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Last Edited by Jabbit March 1, 2016 at 07:02 AM
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?

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Last Edited by Copperblade September 19, 2016 at 02:32 PM
There is NO buying/selling in this thread. This thread is specifically for tracking websites/merchants that buy airline miles and credit card points/rewards. There is zero tolerance for this policy. Do you have questions regarding if what you are about to post is allowed? Please read these rules - http://slickdeals.net/f/7522872?v=1

According to reports from various people on here and FW, avoid the buyer "Sellmileage.com"

Understand the risks. You could get your account frozen, and a very threatening e-mail demanding you tell them details about the trip you booked. If that happens, you will get points taken away from you, and possibly your account shutdown. All brokers know this, and few are telling sellers, but have you noticed how some places no longer buy AA miles that used to?

Send an e-mail to all the brokers listed in this thread and tell them what points you have and how much they are paying. The rate for points and demand changes CONSTANTLY. Always bargain with the brokers and try to get a higher price. No deal is done until you get the info on where to transfer the points. Everyone is flaky, both buyers and sellers so accept that this is the norm

Always check the last few pages for recent reports.


Shop around a good starting point is what is listed in the screenshot.

Do not pay much attention to posts from SD users who have very few posts, very few reputation points, and/or just joined very recently who also do not provide the details the their transaction.

It seems the price changes time by time. I attached a different price.

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My approach: I BCC all the brokers and see what responses I get. Whoever is saying what I want to hear/making the best offer/responding promptly is who I go with.


Ray
http://www.mileageforcash.com/
info@mileageforcash.com
Chase quickpay available
May cover (some) paypal fees

Eli
http://www.milesbuyer.com/Home
buyingmiles@gmail.com

Bruce
http://www.buyingmiles.net/
http://bestmilesbrokers.com
info@buyingmiles.net
brucergoldberg2@gmail.com
May buy AA miles
Chase quickpay may be available

Ethan
http://www.mabrokerage.com/
info@mabrokerage.com

Jack
http://www.themilesbroker.com/
info@themilesbroker.com
jack@themilesbroker.com
Chase quickpay available

Vince
http://rewards2cash.com/
http://rewards2cash.com/index.php...on/contact

Good, but minimal discussion
http://www.themileshub.com/


How are transactions completed? Contact brokers for specific instructions but will vary with each broker/rewards program involved. May included:

1. Membership Rewards: Broker will send you the name of someone to add and their FF info. You have a rep (via chat or phone) add an authorized user to your account and either have the rep transfer the points to their FF account or have them set it up so you can transfer it. It took me 3 reps via chat to finally get it done as some reps are better than others. Confirm transfer, get paid. I haven't had to give up account access and can't see why one would need to. A few days or so later I have a rep remove the person from my account (don't want to raise flags with quick adds/deletes, no confirmation that it will but would rather be safe then sorry). Just as an FYI it seems like you may need a minimum of 75K MR points to catch the attention of brokers. Anything less may require patience or luck.

2. Ultimate Rewards: Broker will send you the name of someone to add and their FF info. Go into your account online if you have the INK + and that person as an authorized user. Transfer points to their FF account and then get paid. Shouldn't have to give up account access with the INK +. Somebody else will have to detail the process for the other Chase branded cards (Sapphire? INK CASH?). A few days or so later I go online and remove the person I added.

3. Mileage Plus: You will either purchase the award ticket as instructed by the broker or give them access to your account (give them your login). Some brokers may be willing to pay you beforehand. Process will vary from broker to broker so see which on they use or negotiate one. Some may also prefer you to have the mileage plus credit card and use that card to pay for award fees & taxes. I assume this is to help give off the impression that it is you buying the ticket.

4. AAdvantage: You will either purchase the award ticket as instructed by the broker or give them access to your account (give them your login). Some brokers may be willing to pay you beforehand. Process will vary from broker to broker so see which on they use or negotiate one. Some may also prefer you to have the AA credit card and use that card to pay for award fees & taxes. I assume this is to help give off the impression that it is you buying the ticket. The market for AAs can be scarce at times because of shutdowns in the past so proceed with caution.

5. SW/Rapid Rewards:Anybody?

6. Delta:Anybody?

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#3
I did, fast payment and great service/communication.
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#4
Yeah, look at the other thread. I (and others) have and it worked great. I plan to do so again in the next few days.
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#5
I also just used it and worked great
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#6
I just used it earlier in the week. Good communications. No issues with the transfer. I sold 50K amex points for around $635 net.
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#7
Ha finally someone set up a site to buy these frequent traveler points at a decent rate. They are geniuses
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#8
is this site for real? seems too good to be true...
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#9
Quote from DiaBlo666 View Post :
is this site for real? seems too good to be true...
Yes real checks, real person. Had my check in 3 days after submitted my points. He is out of Florida. Cashed in 100K points
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#10
Quote from DiaBlo666 View Post :
is this site for real? seems too good to be true...
Not too good to be true. They buy up your points at a higher rate than Chase or AMEX are willing to buy them back for. Then they turn around and sell the points to people who are 1000 or 2000 points away from booking a trip or buying an item for a significantly higher rate.

We've all seen the links to buy a couple of extra points, but at around $.02 - .03 a point instead of the regular $.01. So paying us $.012 isn't so far fetched when you can sell it for $.020.
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#11
Quote from chickenfly69 View Post :
Not too good to be true. They buy up your points at a higher rate than Chase or AMEX are willing to buy them back for. Then they turn around and sell the points to people who are 1000 or 2000 points away from booking a trip or buying an item for a significantly higher rate.

We've all seen the links to buy a couple of extra points, but at around $.02 - .03 a point instead of the regular $.01. So paying us $.012 isn't so far fetched when you can sell it for $.020.
I just used the service and got the money transferred instantly to my paypal account.

Btw i too buy stuff and resell it for a profit and i don't see the issue here. They can but it for 0.00000012 and sell it for whatever price that is called a good business nothing illegal at all.
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#12
Quote from ppysr View Post :
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?
As you can see from all the testimonials here, it's a good site...and though when I was using it, I kept thinking that I was going to get scammed...I didn't!


If you're into the GC scene, then hold on to the points and wait for when Amex runs it's bonus offers.
Quote from chickenfly69 View Post :
Not too good to be true. They buy up your points at a higher rate than Chase or AMEX are willing to buy them back for. Then they turn around and sell the points to people who are 1000 or 2000 points away from booking a trip or buying an item for a significantly higher rate.

We've all seen the links to buy a couple of extra points, but at around $.02 - .03 a point instead of the regular $.01. So paying us $.012 isn't so far fetched when you can sell it for $.020.


And how is that your concern? If you were to buy an iPhone from me and be offering me $400, my concern would be to see whether or not $400 was a good price... You could then resell it for $40,000 to a Nigerian Prince. That's not my concern.
laugh out loud laugh out loud
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#13
Quote from the.J129 View Post :
And how is that your concern? If you were to buy an iPhone from me and be offering me $400, my concern would be to see whether or not $400 was a good price... You could then resell it for $40,000 to a Nigerian Prince. That's not my concern.
laugh out loud laugh out loud
Not my concern at all, I was simply pointing out that the business is legitimate by illustrating how they make money off of it. Some slickdealers don't know why someone would buy points for a higher rate and I was providing an explanation.
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#14
Quote from chickenfly69 View Post :
Not my concern at all, I was simply pointing out that the business is legitimate by illustrating how they make money off of it. Some slickdealers don't know why someone would buy points for a higher rate and I was providing an explanation.

Smilie Didn't mean to standoffish! Reps for the explanation! Wink
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#15
i've collected over 1000+ dollars from this site, great customer service.
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