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

ppysr 781 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 Copperblade September 19, 2016 at 02:32 PM
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/
http://bestmilesbrokers.com
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?

3,567 Comments

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#3436
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
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#3437
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.
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#3438
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.
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Last edited by emmasensei July 27, 2016 at 10:12 AM
#3439
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.
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#3440
Just sold 61k Chase UR to Ethan at 1.4c each.It took about 15 mins from start to being paid. I emailed all listed sellers and got a response from Sruly (themileshub), Ethan, and Bruce. I had dealt with Sruly in the past and wanted to go with him, but he gave a lower price. He said he would do 1.4, but then quit responding to my emails. Ethan responded back after a couple of days and I went with him. Bruce also offer ~1.4c
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#3441
Just sold 103k amex points to Bruce for a rate of 1.23c. Took about 5 minutes...Bruce did all the leg work. Will use again.
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#3442
Type of points sold: AMEX MR
Amount of points: 108,000
How much you were paid: $1404 (1.3cpp)
To whom they were sold: Bruce
How and When paid: Paid through PayPal immediately after transfer

Sorry this is a new account, I promise I'm not Bruce Stick Out Tongue I did as instructed and blasted an email to the emails above. Bruce replied seconds after my mouse hit Submit asking for a screenshot of my summary page. He then offered 1.25 for the points and said he would need access to my account. I countered with 1.35 and said I wasn't comfortable giving access and he got a little snippy, so I tried 1.3 and he agreed. Transferred the points (did not use AU), payment immediately sent via PayPal (I ate the fee). Literally an hour from my original email it was all done. 10/10 would do again.
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#3443
Quote from pbyosh View Post :
Type of points sold: AMEX MR
Amount of points: 108,000
How much you were paid: $1404 (1.3cpp)
To whom they were sold: Bruce
How and When paid: Paid through PayPal immediately after transfer

Sorry this is a new account, I promise I'm not Bruce I did as instructed and blasted an email to the emails above. Bruce replied seconds after my mouse hit Submit asking for a screenshot of my summary page. He then offered 1.25 for the points and said he would need access to my account. I countered with 1.35 and said I wasn't comfortable giving access and he got a little snippy, so I tried 1.3 and he agreed. Transferred the points (did not use AU), payment immediately sent via PayPal (I ate the fee). Literally an hour from my original email it was all done. 10/10 would do again.
How much is Paypal fee these days?
Stick Out Tongue
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#3444
Tested out MilesP2P. Nice to keep privacy on the account, but not sure it was worth the hassle.

Type of points sold: AMEX MR
Amount of points: 50,000
How much you were paid: Effectively, $674.13 (~1.348 cpp) before paypal fees. All said and done, $654.25 (1.3085 cpp).
To whom they were sold: MilesP2P, on-demand transfer
How and When paid: Paypal, 5-days after listing the points for sale (1 day to sell, 3 day wait period, 1 day to transfer money). Process involved me adding AU w/o SSN by chat and transferring to buyer's Delta account (no outside access to account needed). I had to float $30 in transfer fees which was refunded to me in the payment, explaining the small drop from 1.35cpp on the site.
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#3445
Anyone with southwest miles?
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#3446
Quote from Killerz View Post :
How much is Paypal fee these days?
The fee was $41.02 for $1404.00, so my 1.3cpp quote was effectively about 1.261 which I'm still very happy with Smilie
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#3447
Anyone buying IHG pts lately?
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"Yesterday is history, tomorrow is a mystery, today is a gift. That's why they call it 'the present.'"
#3448
Just a reminder to cash in your amex points if you recently signed up for the platinum card with the $450 annual fee. Sell the rewards then cancel the card...amex will prorate the annual fee. I just received $337.50 back. Not a bad deal..$1250 for the rewards, $200 amazon gift cards and only had to spend $113(annual fee).

After Sept 1, 2016 amex will no longer prorate the annual fee...you will be on the hook for the $450. Yeah you can wait till jan 1 to get $200 more in amazon but you'll still be losing money compared to if you cancel now!
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#3449
Quote from dinks View Post :
Tested out MilesP2P. Nice to keep privacy on the account, but not sure it was worth the hassle.
I've been eyeing this thread for a while, and I haven't done this before. What do you mean about keeping privacy on the account and the hassle? You mean having to add an authorized user instead of ??
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Joined Jan 2005
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#3450
Has anyone noticed if the rates are higher in certain seasons? For example, during times where airline tickets are more expensive, do the value of the miles go up?
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