Forum Thread

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
Deal
Score
+49
950,483 Views

Thread Details

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.

This post can be edited by most users to provide up-to-date information about developments of this thread based on user responses, and user findings. Feel free to add, change or remove information shown here as it becomes available. This includes new coupons, rebates, ideas, thread summary, and similar items.

Once a Thread Wiki is added to a thread, "Create Wiki" button will disappear. If you would like to learn more about Thread Wiki feature, click here.



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?

3,508 Comments

230 231 232 233 234

Sign up for a Slickdeals account to remove this ad.

#3496
Quote from Iron_Chin View Post :
Did you add an AU over the phone or through online chat?
I went through online chat. I liked it better then calling because if I had a question, I'd be able to email him for a response.
Reply Helpful Comment? 0 0
#3497
Quote from pktk1 View Post :
Just very recently had a really satisfied, positive, and great experience overall working with MilesBuyer to sell my airline miles. Really appreciated the very timely, direct, and clear responses, each and every time - absolutely put my doubts to rest soon enough. It was a very fair transaction, and MilesBuyer has won me over. Any first timers/newcomers to this like myself especially should first give them a try - it's a win win situation at the end, so it couldn't be better.
Everything was done and honored, as agreed upon; I was really impressed.

Its milesbuyer hurting that bad that they need to self promote and spam this forum with fake positive reviews? wtf
Reply Helpful Comment? 0 0
#3498
I just sold 100k AmEx MR to Jack@TheMilesBroker.

Let me preface by saying that I was in no hurry to sell my miles, notwithstanding the fact that every day that passes by lowers the AmEx annual fee refund I can obtain since it's prorated.

I contacted several brokers mentioned in this thread and also listed my miles on milesp2p.com to sell my miles. The initial offers were in the 1.2-1.25 cents per point from the brokers. Or if I was willing to wait indefinitely, I could get 1.35 cents per point from MilesP2P. You also have to keep in mind that even 1.35 may not be the best value if you want to cash out your points in a way other than redeeming them for airline tickets. This is because you can cash out to Plenti at an effective rate of 1.5 cents per point and redeem them at AT&T, Exxon, Macy’s, Mobil, or Rite Aid.

Since I shop at none of those location the best way for me was to sell the points for cash. The highest value a broker was willing to offer me was 1.325 cents per point, but he wanted EVERY SINGLE personal detail about my american express account - my card number, login username and password, card number, 4 digits on front, 3 digits on back and my phone PIN and wanted to be added as an authorized user. Since I wasn't comfortable, I walked away.

After a bit of haggling, I was finally offered 1.3 cents per point by Jack@TheMilesBroker. He seemed professional in his communication and, for the sake of my own safety, I had the transaction broken into 4 increments of 25k points each. I agreed to send 25k first and he agreed to send me $325 using paypal personal payment (so as to avoid fees) after each transfer.

The lesson here is to not go with anything that you're not comfortable with as everything is negotiable and, in my experience, if you're dealing with a reasonable buyer they will try to work with you to make you feel comfortable.

So in total I sold 100k points for $1300 to Jack@TheMilesBroker.com I'm quite happy so far.
Reply Helpful Comment? 0 0
Last edited by siid August 15, 2016 at 04:03 PM
#3499
Quote from FHRITP View Post :
Its milesbuyer hurting that bad that they need to self promote and spam this forum with fake positive reviews? wtf
lol. I think we should have a rule so that if a newbie (let's say 100 posts or less) posts a review in this thread, they should support it with evidence - like screenshots.

Anyway I'd like to know what rate he got, what airlike/reward program it was and how he got paid. His post in its current form, is useless.
Reply Helpful Comment? 0 0
Last edited by siid August 15, 2016 at 04:12 PM
#3500
Quote from siid View Post :
lol. I think we should have a rule so that if a newbie (let's say 100 posts or less) posts a review in this thread, they should support it with evidence - like screenshots.

Anyway I'd like to know what rate he got, what airlike/reward program it was and how he got paid. His post in its current form, is useless.
Agreed. Without a rate the post is useless. And like you said...n00bs should have to post a screenshot.
Reply Helpful Comment? 0 0
#3501
I sold 70k AA Advantage miles to Jack for 1.175 cents per mile in what was a very smooth and effortless transaction. After sending him a screenshot with the total miles, my name and miles expiration date, he then transferred the money to my Paypal account first and even paid the fee despite the fact we had never done business before. After I received payment I gave him my AA #, my last name, and my PW so he could book the ticket. I had never done this before and was therefore hesitant and to my surprise he was okay with letting me book the ticket myself. Upon seeing this he gained my trust so I just let him do it. He communicates very clearly and concisely via email and in a very timely manner. His responses were very prompt. I plan on using him again as long as his prices remain competitive. Whole process took 15 minutes. You can get higher prices but at the cost of much more time and headache and account compromise.
Reply Helpful Comment? 0 0
#3502
After reading all the posts and sold delta AA and Marriott to various brokers this is my understanding

I frequently fly to one destination round trip from USA and it is 60K miles with united

But if you want to get a business class ticket it is 120K miles

Here is the interesting part

If I want to buy with cash, the economy class is $750 but the business class is $2,800. This is where the broker makes the money

They pay me 1 cent per mile and pay you 1 cent per mile collect all these miles and sell to rich customers and travel agencies for 1.5 or 2 cents per miles where the customer gets a ticket for business class for something like $2,000

Everybody is saving or making money in this deal

What I am trying to do is, find these rich customers and sell my miles directly. Imagine I can sell my United miles for 2 cents per mile. A round trip business class cost for the customer will be $2,400 instead of $2,800

or I can sell for cheaper than 2 cents but the point is we should eliminate these brokers. This is plain stupid.

Currently I have 80K United miles to sell but I will have more in a month or so. United miles is my interest since that's where I can buy tickets to my home country for me my wife kids and all. I found a way to accumate miles very cheap and so I am willing to sell them directly to business class customers using united.

AM I thinking wrong? Any suggestions? I really want to hear your thoughts on selling directly to the customer not to the broker? Any drawbacks on this? What makes a broker different than me? Safety? Reliability? Name recognition?
Reply Helpful Comment? 0 0

Sign up for a Slickdeals account to remove this ad.

#3503
Quote from Fleetwoodmac View Post :

AM I thinking wrong? Any suggestions? I really want to hear your thoughts on selling directly to the customer not to the broker? Any drawbacks on this? What makes a broker different than me? Safety? Reliability? Name recognition?
Sure...you are correct. Its not a secret how brokers make their money. Others have discussed posting ads on craigslist about selling points then meeting a buyer at a coffee shop and booking their ticket then getting paid directly.

If you want to take that route thats your business. It can be done...it just requires a lot more legwork. A lot of people including myself would rather not be bothered with meeting someone in person and going through the process of booking a ticket. Its easier for me to click the mouse a few times and get paid by a broker. Eli and Bruce are basically the gold standard when it comes to brokers...the rest imo arent even in the same ballpark.
Reply Helpful Comment? 0 0
Last edited by FHRITP August 16, 2016 at 07:33 AM
#3504
Anyone sold chase UR (sapphire) recently? Whats the rate going on?
Reply Helpful Comment? 0 0
#3505
Quote from FHRITP View Post :
They were froze the first time I tried transferring points out of amex to another airline partner. I didnt add an AU to my account. If you do an amex platinum rewards froze search on google it is/was reported to a lot of people...its still going on. Annoying to say the least.

It all worked out in my favor. Sold the points and with a hiccup on their end...I was able to get my entire annual fee refunded plus some. Actually entire annual fee refunded plus $96. Combine that with the $200 amazon gift card and the $1250ish what I sold them for...no complaints! Only credit card deal ever to top this was the companion pass through southwest.
What is the $200 amazon gift card deal?
Reply Helpful Comment? 0 0
If you don't like the way I drive..... Please get the heck off the sidewalk!!!!
#3506
Quote from FHRITP View Post :
They were froze the first time I tried transferring points out of amex to another airline partner. I didnt add an AU to my account. If you do an amex platinum rewards froze search on google it is/was reported to a lot of people...its still going on. Annoying to say the least.

It all worked out in my favor. Sold the points and with a hiccup on their end...I was able to get my entire annual fee refunded plus some. Actually entire annual fee refunded plus $96. Combine that with the $200 amazon gift card and the $1250ish what I sold them for...no complaints! Only credit card deal ever to top this was the companion pass through southwest.

I assume you know about the shit storm going on with Amex and that platinum offer. Several data points about clawbacks due to MS, airline credits and card cancellations < 30 days after points posted. Even if you have a negative MR balance they've been known to charge you based on whatever equation they use per MR.

Amex put the war paint on and to be honest I can't blame them. They're going after the hogs with no apologies or warnings. If anyone here isn't already aware then consider this a warning to play it safe, meet min spend requirements organically and don't cancel your card until the AF (or second one) is due.
Reply Helpful Comment? 0 0
#3507
Quote from anthonyjh21 View Post :
I assume you know about the shit storm going on with Amex and that platinum offer. Several data points about clawbacks due to MS, airline credits and card cancellations < 30 days after points posted. Even if you have a negative MR balance they've been known to charge you based on whatever equation they use per MR.

Amex put the war paint on and to be honest I can't blame them. They're going after the hogs with no apologies or warnings. If anyone here isn't already aware then consider this a warning to play it safe, meet min spend requirements organically and don't cancel your card until the AF (or second one) is due.
Where did you get this info? Can you post the link? I'd be interested to read what is going on. I'm about to cancel my Plat but kept it the entire year as to not piss off Amex.
Reply Helpful Comment? 0 0
#3508
Quote from Killerz View Post :
Where did you get this info? Can you post the link? I'd be interested to read what is going on. I'm about to cancel my Plat but kept it the entire year as to not piss off Amex.
Sounds like you're in the clear and in it for the long haul then.

https://www.reddit.com/r/churning...k_my_100k/

http://www.doctorofcredit.com/ame...s-related/
Reply Helpful Comment? 0 0
#3509
Has anyone been blacklisted/banned for trying to sell Chase ultimate rewards points through this method? i have only done 2 churning promo cards in the past and was able to sell them for PayPal cash both times,one was for Amex points and southwest points. But another forum is telling you can be banned for trying to sell chase points like this. Is it true?
Reply Helpful Comment? 0 0
Page 234 of 234
230 231 232 233 234
Join the Conversation
Add a Comment
 
Copyright 1999 - 2016. Slickdeals, LLC. All Rights Reserved. Copyright / Infringement Policy  •  Privacy Policy  •  Terms of Service  •  Acceptable Use Policy (Rules)
Link Copied to Clipboard