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

ppysr 775 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?

3,439 Comments

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#301
In order to sell AMEX points, we have to provide our AMEX online account access to the buyer? Like username and password??? Thanks!
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#302
Quote from Yumikogirl View Post :
In order to sell AMEX points, we have to provide our AMEX online account access to the buyer? Like username and password??? Thanks!
Different people buy points in different ways, but pretty much yes. They need access to your points. Keep in mind you should and can change your password before giving it to them (so its not your standard password), and many places will pay you before they have access, so there is not a risk of them stealing your points.
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#303
Quote from Yumikogirl View Post :
In order to sell AMEX points, we have to provide our AMEX online account access to the buyer? Like username and password??? Thanks!
Nope. Rewards2cash will send you a pdf with instructions on how to send the AMEX points. You do not have to surrender account access for AMEX.

Just completed 2 seperate deals with them. Checks cashed and no issues.
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#304
In my case, the broker did ask for my Amex login and password. He removed the points in two days, and I then changed the password. They can only transfer points in 1000-point increments. (Mine were transferred to Air Canada and British Air which are running specialls for Amex points)

Once there is a level of trust, you can have the money mailed to you and avoid the PayPal fee which is 3 percent.
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Last edited by mitchflorida March 26, 2013 at 06:09 AM
#305
Anyone sell US Airways miles now that they are with AA? I emailed Bruce and he hasnt got back with me yet. Also have a buddy pass to sell from them.
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#306
Quote from 8mpg View Post :
Anyone sell US Airways miles now that they are with AA? I emailed Bruce and he hasnt got back with me yet. Also have a buddy pass to sell from them.
I was offered significantly lower rates for US air than AA. I'm hoping they'll go up in value after the merge moves further along.
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#307
How long does Rewards2cash process take? I just submitted a trade.
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#308
Quote from Phegotgame View Post :
How long does Rewards2cash process take? I just submitted a trade.
I got an offer about 24 hours later.
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#309
My recent transactions with Bruce (flighthunter) over the past week went perfectly. He's quick - typically a 24-hour turnaround, and he usually pays more than the others. But supply and demand is elastic so prices paid do vary based on the number of sellers looking to unload at any given time.
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#310
Sold my UA miles and MR points to Bruce this week and was very, very pleased with the transaction.
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#311
I made a big tranny with this broker, Milesbuyer.com (> $5k) and everything went smoothly.
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#312
Just completed a smooth transaction with Bruce.
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#313
If you are selling amex points it almost makes sense to wait till a major airline offers a 50% match. Transfer the pts for the 50% match and then sell those miles. The additional airline miles could add an additional $1k to point value.
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#314
Quote from WildChickenDanc View Post :
If you are selling amex points it almost makes sense to wait till a major airline offers a 50% match. Transfer the pts for the 50% match and then sell those miles. The additional airline miles could add an additional $1k to point value.
When was the last points bump/% offer and by which airline?
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#315
Quote from Dealdigger2 View Post :
When was the last points bump/% offer and by which airline?

last bonus was 30% to british airways avios but the above poster is mistaken as the value of amex won't go up significantly when there is a bonus. Maybe 5% - 10% max as in most cases when amex is bought its transferred to singapore,air canada, or ANA which very rarely have bonuses
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