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

ppysr 785 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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#151
Quote from macphisto23 View Post :
Anybody have problems linking travel account to your amex account? I am trying to transfer points into an account that rewards2cash supplied me with, however, it has been 24 hours since I submitted the new account and it has yet to be confirmed so I can transfer the points.
not sure if it is too late but you can 1) try a different browser 2) de-link it and try again 3) it usually means the account number is correct but the name is wrong.
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#152
gonna try this site, hope all goes well, will let u guys know Smilie
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#153
just sold 53k points, worked out fine and was fast!
pretty safe if u use paypal, considering all they get is ur paypal email/and last 4 digits of ur cc in the transfer to their account
they also sent first, moneys already on its way to my account!
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#154
Ok, well, I sent out bids from getpeyd, flight hunter bruce, rewards2cash, and buyingmiles... see who has the best amount.

Bruce is local to me, I wonder if I can just meet up with him and get cash?
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#155
i dont know i just asked bruce flighthunter person about american express points and he tried ripping me off with an offer of 1.3. Not sure how everyone else works but trying to rip people off by starting with a low ball offer. Why dont they have the price they pay at the time? I know prices fluctuate all the time, but you have to have a set price you pay?? was not very happy.
Sorry
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#156
david... what are you expecting? 1.3 is better than 1 cent. Rewards2Cash is 1.24 or something like that. Also, it is supply and demand. If they dont have a demand for the points, the value goes down.

I think you are a little extreme to think you are being ripped off.
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#157
Quote from david123456 View Post :
i dont know i just asked bruce flighthunter person about american express points and he tried ripping me off with an offer of 1.3. Not sure how everyone else works but trying to rip people off by starting with a low ball offer. Why dont they have the price they pay at the time? I know prices fluctuate all the time, but you have to have a set price you pay?? was not very happy.
Sorry
Quote from 8mpg View Post :
david... what are you expecting? 1.3 is better than 1 cent. Rewards2Cash is 1.24 or something like that. Also, it is supply and demand. If they dont have a demand for the points, the value goes down.

I think you are a little extreme to think you are being ripped off.
Gotta agree with 8mpg. You're already getting a fantastic deal on getting 20%+ more than you would just by yourself. You can't expect that everyone is going to offer the same rate. Plus, 1.3 is the highest I've seen for AE miles-- R2C is 1.26 (http://rewards2cash.com/). Quit complaining.
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#158
Quote from david123456 View Post :
i dont know i just asked bruce flighthunter person about american express points and he tried ripping me off with an offer of 1.3. Not sure how everyone else works but trying to rip people off by starting with a low ball offer. Why dont they have the price they pay at the time? I know prices fluctuate all the time, but you have to have a set price you pay?? was not very happy.
Sorry
That's the best rate I've seen for Amex MR points. I don't know why you think you're getting ripped off. Amex only gives you 1:1 for travel usually, and a lot less if you redeem for anything else. Not to mention they charge a transfer fee for transferring points.

Why do you think you were getting ripped off? Where have you seen higher than 1.3/mile?
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#159
i know that he himself had offered my friends higher- i even asked him about it:
his response
"life isnt fair"
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#160
LOL.. life isnt. Prices are based on need and what he can do with them. They fluctuate like gas.


Regardless, I just sold my 130k Chase Ultimate Rewards points to Bruce. He paid 1/2 up front via paypal and 1/2 after I transferred which was more than fair. He ended up doing 1.6c/point which was spectacular in my opinion.

Hoping to sell the 40k US Airways miles when the AA merger goes through.
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#161
Quote from 8mpg View Post :
Ok, well, I sent out bids from getpeyd, flight hunter bruce, rewards2cash, and buyingmiles... see who has the best amount.

Bruce is local to me, I wonder if I can just meet up with him and get cash?
How'd the inquiry go? Update?
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#162
I just got his email on his facebook and emailed him. Very simple
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#163
Just finished a deal with Bruce (flighthunter). Went really smooth without any hassle and got a very fair rate. Sold 60K+ Chase UR points for paypal cash. WIll probably never deal with the others after this, just use them for market comparisons. He beat everybody for me. If you want to chat or have any questions feel free to IM me.
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#164
Just completed a trade with Bruce. Sold my Chase UR points, very very smooth. Super, got the cash in my Paypal account, at the same time I was doing the transfer. Highly recommended. Thanks to everyone who recommended him too in this thread.
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#165
Quote from blk96cam View Post :
Just finished a deal with Bruce (flighthunter). Went really smooth without any hassle and got a very fair rate. Sold 60K+ Chase UR points for paypal cash. WIll probably never deal with the others after this, just use them for market comparisons. He beat everybody for me. If you want to chat or have any questions feel free to IM me.
Did PayPal hit you with a fee?
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