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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?

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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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#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.
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Last edited by Dr. J December 13, 2012 at 10:09 AM
#47
Same here - excellent experience. I redeemed $1875 worth of Amex MR points.
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#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.
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#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
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#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.
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#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?
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#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
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#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
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#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?
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BiG DoGN12 GO HEELS

SlickDeals.net has ruined my life. LMAO
#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.
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#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?
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i want my Zakk Wylde guitars!
#57
so if I have 80k delta, how much would they be worth to deal hunter?
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#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).
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#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.
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#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.
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