Slickdeals Saves U! Vote for our Slickdeals scholarship finalists! Learn More
Forum Thread

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

ppysr 786 75 May 22, 2012 at 07:56 PM
Deal
Score
+56
1,020,964 Views

Thread Details

Last Edited by Jabbit March 1, 2016 at 08:02 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 03:32 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 - https://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/
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?

3,722 Comments

4 5 6 7 8

Sign up for a Slickdeals account to remove this ad.

#76
I've sold about 300k avios to Bruce from flighthunter. Several other deals with him. Solid experience with higher rates than R2C


Quote from mak101 View Post :
I don't see for BA miles?Anyone sold BA file to this site or any other site?
Reply Helpful Comment? 0 0
Joined Nov 2012
Concentrate, ask again.
1,417 Posts
856 Reputation
#77
Quote from Switching2Geico View Post :
I have 10,000 miles united.

I have 8000 aa miles.

Any approximation wat they would be worth?


Lookin to sell asap
I sold 110k united to GetPeyd, they paid 1.25 cents per mile. But it was a big lot. Dunno if 10k is worth anything, as I understand it, since the miles cannot be combined, you need a certain minimum in order to be able to purchase a flight.
Reply Helpful Comment? 0 0
#78
getpeyd offered very low for my avios and delta skymiles. Still waiting to hear from Bruce, I used the buyingmiles site to submit a quote request but haven't heard back. I'll email tomorrow if I don't get a reply by then.
Reply Helpful Comment? 0 0
#79
Quote from Switching2Geico View Post :
I have 10,000 miles united.

I have 8000 aa miles.

Any approximation wat they would be worth?


Lookin to sell asap
AFAIK you have to have enough points to purchase an actual award flight. So, I am not sure you would be able to sell that few points.
Reply Helpful Comment? 0 0
#80
Quote from chimmy826 View Post :
Why not opt for a check? That's what I recently did with MR points and the check came fairly quickly. No loss due to PayPal fees.
Guys, let's do our math, this is very basic. 30% and 2.9% are nowhere near similar.
Reply Helpful Comment? 0 0
#81
Wat about southwest miles? I have 50k
Reply Helpful Comment? 0 0
#82
Bruce wanted me to share some information with the rest of the thread readers. I'm going to paraphrase and then add on some of my own anecdotes...

"Bruce pays you up front before you transfer the points. Sometimes as quickly as 5 minutes after you tell him what you have." - As I mentioned before, these deals take a lot of TRUST but he is willing to be the first person to extend trust. That was one of my big fears before I did the deal - what if this guy is a big scam and I transfer my points first and then I'm left with nothing but huge regrets and an angry husband? shake head

"Bruce is a patient person and he pays more than most of the other points brokers." - Don't be afraid to just drop him an email to ask for a quote on your points or miles. He's very personable and he'll answer your questions to your satisfaction. In the course of my emails, I flat out told him I was skeptical and wanted to know how he turns a profit and what he does with the points.

"Bruce uses the points to find flights for people who have medical conditions (he has one himself) and is willing to take a smaller profit for himself in order to help others." - This is why I want to help support Bruce's business. I have no idea how much he sells the points/tickets for but I believe that he's taking a smaller cut for himself in order to give the point seller a higher payout. And I can fully support helping people with their medical issues. Sometimes people need to go to a special doctor or clinic and they have a chance to get an appointment quickly but the air prices are too high to pay out of pocket. I assume that Bruce charges them less than the published air fare and finds someone with the right amount of points to help book the ticket.

I think his main website is bestmilesbrokers.com. I hadn't seen it before - he just mentioned it to me tonight. It looks a lot nicer and he's got a Skype button on it. Wink He shares good credit card offers on his FB page (flighthunter) and can get his customers deals on worldwide Hyatt hotel stays (30%+ off under the medical rate). He honestly wants all of his customers to be happy.

I don't work for the guy and he didn't give me anything at all to write about him here. I'm a satisfied customer and I think he's a decent guy and want to help him grow his business and help his other medical customers. There's nothing wrong with comparing quotes from other places and I'm sure that the ones that other people have had good experiences with are also good to continue doing business with. But Bruce pays more, he'll pay you first before you pay him and I feel like it's a good cause so I'll stick with him.
Reply Helpful Comment? 0 0
Last edited by Chereya January 11, 2013 at 12:04 AM.

Sign up for a Slickdeals account to remove this ad.

#83
Quote from joeboy View Post :
I've sold about 300k avios to Bruce from flighthunter. Several other deals with him. Solid experience with higher rates than R2C
What rate did you get for BA miles from him?
Reply Helpful Comment? 0 0
#84
Quote from mak101 View Post :
What rate did you get for BA miles from him?
Well, as has been pointed out before - the rates change, so you'll have to get a current quote, but I believe it was about 1.1cpm once and 1.3 at another time. Avios are sometimes "on sale" for as much as 50% off if you transfer from MR, so at that time, they were worth less.
Reply Helpful Comment? 0 0
#85
Quote from Chereya View Post :
Bruce wanted me to share some information with the rest of the thread readers. I'm going to paraphrase and then add on some of my own anecdotes...

"Bruce pays you up front before you transfer the points. Sometimes as quickly as 5 minutes after you tell him what you have." - As I mentioned before, these deals take a lot of TRUST but he is willing to be the first person to extend trust. That was one of my big fears before I did the deal - what if this guy is a big scam and I transfer my points first and then I'm left with nothing but huge regrets and an angry husband? shake head

"Bruce is a patient person and he pays more than most of the other points brokers." - Don't be afraid to just drop him an email to ask for a quote on your points or miles. He's very personable and he'll answer your questions to your satisfaction. In the course of my emails, I flat out told him I was skeptical and wanted to know how he turns a profit and what he does with the points.

"Bruce uses the points to find flights for people who have medical conditions (he has one himself) and is willing to take a smaller profit for himself in order to help others." - This is why I want to help support Bruce's business. I have no idea how much he sells the points/tickets for but I believe that he's taking a smaller cut for himself in order to give the point seller a higher payout. And I can fully support helping people with their medical issues. Sometimes people need to go to a special doctor or clinic and they have a chance to get an appointment quickly but the air prices are too high to pay out of pocket. I assume that Bruce charges them less than the published air fare and finds someone with the right amount of points to help book the ticket.

I think his main website is bestmilesbrokers.com. I hadn't seen it before - he just mentioned it to me tonight. It looks a lot nicer and he's got a Skype button on it. Wink He shares good credit card offers on his FB page (flighthunter) and can get his customers deals on worldwide Hyatt hotel stays (30%+ off under the medical rate). He honestly wants all of his customers to be happy.

I don't work for the guy and he didn't give me anything at all to write about him here. I'm a satisfied customer and I think he's a decent guy and want to help him grow his business and help his other medical customers. There's nothing wrong with comparing quotes from other places and I'm sure that the ones that other people have had good experiences with are also good to continue doing business with. But Bruce pays more, he'll pay you first before you pay him and I feel like it's a good cause so I'll stick with him.
Lol Im sorry but that just cries fishy. Medical conditions? This guy sounds like a nigerian prince.
Reply Helpful Comment? 0 0
#86
Quote from SlickDilla View Post :
Lol Im sorry but that just cries fishy. Medical conditions? This guy sounds like a nigerian prince.
Makes no matter to me what you believe or not, whether you pick him to sell your points to or whether you even sell your points at all. Sometimes you have to take information at face value. What do you want - a dr's note? laugh out loud
Reply Helpful Comment? 0 0
#87
I sold 25K points to Bruce recently, and he seemed very good to deal with. Haven't decided if I'm going to sell any more, but not because of anything he did. I just may want to keep them for myself even though I don't have a plan for them right now. Smilie
Reply Helpful Comment? 0 0
#88
What email are people using to get a quote from Bruce? Going thru the form on his site doesn't seem to get a response. TIA
Reply Helpful Comment? 0 0
Joined Nov 2012
Concentrate, ask again.
1,417 Posts
856 Reputation
#89
Google bruce flighthunter. I found his facebook page, and he had his email posted there.
Reply Helpful Comment? 0 0
#90
Hey everyone, I talked with Bruce via phone today and he seems pretty legit. He walked me through the process.

However, in the end I ended up going with rewards2cash simply as a matter of timing. Bruce extended 2 offers to me throughout the day for his needs, but I happened to be out of the house at the time and thus unable to do the transfers. By the time I got home, to see if the transfer needs still existed, I didn't hear back from him (this was late at night though, so as to be expected).

I ended up getting a phone call back at 1225at night (I told Vince that it was ok up until 1230) from Vince @ rewards2cash and he was able to do instant transfers and pay me upfront for each one.

I transferred 316k points, so we're talking about $4k (give or take) in payments from them.

I received each one before I hit submit, verified in my paypal. Now all the money is pending from my paypal to my bank account.

So smooth transaction w/ R2C - hope no issues come up from Amex or paypal.
Discussions w/ Bruce were pleasant and nice - I think he's a bit disappointed that I didn't go through with him, but I told him I'll have 100k from my amex platinum deal in 2-3 months and definitely able to reach out to him and be patient then. These 316k were my dad's and i knew if i didnt complete it this weekend he would end up using it in some stupid way.
Reply Helpful Comment? 0 0
Last edited by ionizer January 12, 2013 at 11:43 PM.
Page 6 of 249
4 5 6 7 8
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)  •  Interest-Based Ads
Link Copied to Clipboard