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

ppysr 773 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?

Community Wiki

Last Edited by dealhound123 May 25, 2016 at 11:23 AM
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/
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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#31
Thanks InfamousDX, definitely not worth the risk in that case. Repped
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#32
Just did second transaction with Rewards2cash and received check Friday. Cashed out some UR points (dont give a damn if they cancel my saphire card, I opened it to point farm to begin with lolol)

As always A+ service
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#33
Awww.. I was planning to do another transaction with rewards2cash... but don't want to risk having Chase close the accounts.
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Last edited by Sagi December 9, 2012 at 12:17 AM
#34
Sent in my request on Tuesday and got my check yesterday (Friday). Great Communication, fast delivery. Smilie
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#35
Quote from InfamousDX View Post :
Be careful sending out your Chase UR points now that they have SPECIFIC verbiage stating that points are intended for you or your housemate/partner. Plenty of people in the FF community are getting their accounts shut down because of it.

If I send him the points what exactly happens? Will the points be taken away or what?
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#36
So I have about 100,000 ultimate rewards points.

If I simply asked for the points to be credited towards my credit card balance, it would be $1,000.

If I were to go through Rewards2Cash, I would get a check for $1,220.

Unless I'm missing something, I don't see how it makes any sense to jeopardize all those points for $220. Am I missing something?
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#37
Quote from Dem Bums View Post :
So I have about 100,000 ultimate rewards points.

If I simply asked for the points to be credited towards my credit card balance, it would be $1,000.

If I were to go through Rewards2Cash, I would get a check for $1,220.

Unless I'm missing something, I don't see how it makes any sense to jeopardize all those points for $220. Am I missing something?

Chase will close your Ultimate Rewards Account AFTER the transaction or that is what I think. Iam in the same boat as you but with 80,000. I dont care for the account since Iam going to Discover but I want to make sure I get cash or apply it towards by balance and not let the points disappear.
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#38
Quote from amoghthegamer View Post :
Chase will close your Ultimate Rewards Account AFTER the transaction or that is what I think. Iam in the same boat as you but with 80,000. I dont care for the account since Iam going to Discover but I want to make sure I get cash or apply it towards by balance and not let the points disappear.
Who am I to tell you what to do with finances but why don't you keep both Chase and Discover? It depends on what chase card you have, of course, but I use both my Freedom and Discover card regularly. Freedom is my main card but Discover is used for 5+% back purchases. The rewards tend to complement each other nicely.
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#39
Quote from amoghthegamer View Post :
Chase will close your Ultimate Rewards Account AFTER the transaction or that is what I think. Iam in the same boat as you but with 80,000. I dont care for the account since Iam going to Discover but I want to make sure I get cash or apply it towards by balance and not let the points disappear.

I sent him over 130k points, 100k points one transaction and 30k another, no closed accounts
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#40
Well, I decided to sell him 16k points on Dec 3 before reading the article and now I'm worried that I could get my account closed and I haven't received my check... Hopefully I'll receive it without problems and won't get in trouble with my account (especially because recently I seriously complained about missing points in two consecutive Kohls transactions...)
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#41
Looks like they stopped taking UR! Frown I waited too long!
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#42
Quote from r4l3x View Post :
Well, I decided to sell him 16k points on Dec 3 before reading the article and now I'm worried that I could get my account closed and I haven't received my check... Hopefully I'll receive it without problems and won't get in trouble with my account (especially because recently I seriously complained about missing points in two consecutive Kohls transactions...)
Just wanted to leave a follow up. Rewards2cash was very responsive at all times and I received an immediate resolution to my missing check.

I'm happy to have done business with them! Now I only hope I won't have problems with UR... Roll Eyes (Sarcastic)
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Last edited by r4l3x December 12, 2012 at 01:35 PM
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#43
man I have to remember to sell some amex points and United miles before the cash cow dies. amex rewards suck and I don't use the card often at all. The united points (~43k) aren't valuable to me because there's little chance I'd actually use them for a flight vs just finding the cheapest carrier.
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#44
Quote from Jperiod View Post :
Looks like they stopped taking UR! Frown I waited too long!
I will buy your UR points lol
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#45
I think they have a typo on their website. United MileagePlus (unit of 1000) for $373.75 looks like christmas gift
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