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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?

3,507 Comments

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#166
yes, does paypal hit you with a fee when you get paid by these guys? Just curious
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#167
Quote from mint99 View Post :
yes, does paypal hit you with a fee when you get paid by these guys? Just curious
While I haven't actually verified it, I'm pretty sure it's 2.5 - 3% (can't remember which). But the check comes in later-- so depends if the convenience is worth the extra %.
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#168
Quote from chimmy826 View Post :
Did PayPal hit you with a fee?
you will get hit with a fee...he is a points broker paying with a card to make more points Big Grin
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#169
Quote from chimmy826 View Post :
Did PayPal hit you with a fee?
Yes. It was stated earlier in the thread I believe...or maybe I read it somewhere else. This would be the same with rewards2cash for those who are interested.
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#170
Paypal fee is 2.9% + 30 cents
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#171
Just used Bruce (flighthunter) for a points tranfer. Simple process and easy to work with!
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#172
I just used Bruce (flighthunter) as well for transferring chase UR points. Really nice guy and made the whole experience easy.

Quote from crobbins View Post :
Just used Bruce (flighthunter) for a points tranfer. Simple process and easy to work with!
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#173
Bruce does seem like a nice guy. But he's taking forever to use the miles (did get paid first).
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#174
Quote from dbl118 View Post :
Bruce does seem like a nice guy. But he's taking forever to use the miles (did get paid first).
Really? Mine were always gone in a couple of hours...
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#175
Quote from cdudeman View Post :
I just used Bruce (flighthunter) as well for transferring chase UR points. Really nice guy and made the whole experience easy.
So is he on SD? How re you guys getting in touch with him?
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#176
To transfer the AMEX points do they need access to your account?
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#177
If you use these services are you supposed to pay taxes on the cash you get? Granted if they dont report it to the IRS not a big deal, but seems like they would have to if they are us based
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#178
Quote from Opusnbill7 View Post :
Really? Mine were always gone in a couple of hours...
It's been over 3 weeks and he still has most of my points. Honestly I'm not entirely sure he hasn't forgotten about them and he didn't r espond to my latest inquiry (usually he responds within minutes). I'm happy I have the money, but I want to change passwords back, etc.
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#179
Quote from jakeb16 View Post :
If you use these services are you supposed to pay taxes on the cash you get? Granted if they dont report it to the IRS not a big deal, but seems like they would have to if they are us based
i asked an accountant once he told me why is it different than if you were to get cash back from the company (which you FOR SURE do not need to report)
Even if you were to tell me that its because you got a "higher" value than the comany would give, i have gotten 10 cents at times (by using them for hotels or flights) does that mean i need to pay taxes?
/twocents
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#180
Quote from david123456 View Post :
i asked an accountant once he told me why is it different than if you were to get cash back from the company (which you FOR SURE do not need to report)
Even if you were to tell me that its because you got a "higher" value than the comany would give, i have gotten 10 cents at times (by using them for hotels or flights) does that mean i need to pay taxes?
/twocents

If you redeem through the credit card site its simply a rebate or discount on existing purchases


When you sell something to a third party doesnt that now become ordinary income that you need to report? I think there is a limit you have to exceed but its just like if you sold something on ebay.
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