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

ppysr 774 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?

3,440 Comments

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#3436
Hey just sold 111k points to Bruce @ 1.27cpp. Ran into some annoyance when Amex took longer to credit my rewards even though it said available but Bruce was super patient. Explained to me it was a common thing going around due to 100k promotion. He had great communication and I didn't have to give access to my account or add an authorized user.
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#3437
Quote from dawsontg View Post :
I recently used milesp2p to sell Citi TY points successfully. The whole process from posting points to getting paid took about a week.

I recommend using the "On Demand" process, which should be faster than the "Booking Flights" process.

See my posts earlier in this thread (#3418 and 3420) for more details.
Is there any risk with adding an AU? Ive seen some discussion ITT but it looks like that is how milesp2p completes the transaction...
Reply Helpful Comment? 0 0
#3438
Quote from zonatex View Post :
Just sold 76k AMEX points to Bruce a Bestmilesbrokers.com for $1025. The offer was very competitive. I talked with him on the phone. He was straight up with who he was and what he could do.
It does take a bit of a leap of faith to give him your points and then get paid. But it was quick and efficient. I would use him again
How did you get 1.35CPP for AmEx MR points? He quoted me 1.25CPP
Reply Helpful Comment? 0 0
#3439
I sold 300k virgin atlantic miles to Eli @0.95CPM. He paid me by paypal and then I sent him my user/pass for account. It was my first time selling mile and everything was easy.
Reply Helpful Comment? 0 0
#3440
Sold 75k Aeroplan miles for $800 to MilesBuyer. Not my first rodeo selling miles by any means (have used almost every broker mentioned in this thread at one time or another), but I always appreciate Milesbuyer because they're so efficient and quick.

Could have gotten a better rate by jumping through a few more hoops, but a quick, easy transaction is my highest priority right now since I'm drowning in miles/points. (Nice problem to have, I know!) 10/10 would recommend.
Reply Helpful Comment? 0 0
Last edited by emmasensei Yesterday at 10:12 AM
#3441
I sold 120k AMEX MR to Jack (TheMilesBroker) for 1.25CPP. Added AU then transferred the points. Easy process and Chase QP payment was sent once I transferred the points.
Reply Helpful Comment? 0 0
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