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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?

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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?

3,570 Comments

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#271
Quote from Minty415 View Post :
I have over 100k UR points from my Chase Sapphire Preferred which I want to sell, but I'm concerned with getting my account close for transferring points to a non-spouse.

Anyone know of any other safer approach?
I'm in the same boat.
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#272
Quote from oakfan52 View Post :
I'm in the same boat.

Their definitely are safer ways...
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#273
Rewards2Cash is a great website for selling miles/points.

I have done business with them in the past and sold my delta skymiles, american express reward points and now going to sell my UA miles to them too.

The process is very smooth and systematic. Overall, a very reliable site.
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#274
It was very easy with Bruce. Paid via Paypal right away. All you have to do is give him access to your account and he'll eventually use up your miles. He even matched what R2C was offering. Recommended.

And he gave me $100 to say this. Just Kidding. Big Grin
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#275
Quote from steaksauce View Post :
It was very easy with Bruce. Paid via Paypal right away. All you have to do is give him access to your account and he'll eventually use up your miles. He even matched what R2C was offering. Recommended.

And he gave me $100 to say this. Just Kidding. Big Grin

He gave me $110 to say that you're lying about the $100 he gave you. Stick Out Tongue
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#276
Got an offer in the mail for 50,000 AmEx Reward Points with 1,000 spent. How decent is this and what do the rewards points typically go for?
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#277
Quote from nrdk00 View Post :
Got an offer in the mail for 50,000 AmEx Reward Points with 1,000 spent. How decent is this and what do the rewards points typically go for?
It's program specific on how much they give you but with your Gold Amex, they'll give you $630 for 50K. Not bad, not bad at all.
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#278
Quote from steaksauce View Post :
It's program specific on how much they give you but with your Gold Amex, they'll give you $630 for 50K. Not bad, not bad at all.

Thanks for the answer. That's what I got for an offer which seems pretty reasonable, but of course the question becomes what could I do for myself for the 50,000 points instead?
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#279
I used Bruce and he was great. This was my first time selling MR points and he walked me through the process.
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#280
Can someone post a quick rundown of the process for selling MR points? Do we need to add an account to transfer to or something? TIA.
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#281
Quote from PandaHouse View Post :
Can someone post a quick rundown of the process for selling MR points? Do we need to add an account to transfer to or something? TIA.
You typically give them access to your account info, they pay you,
they buy tickets from your account within a few days/weeks.

Since it is perfectly ok for a person to spend their points to buy flights for other people your account is not flagged, If they were to xfer your points to a different account than it would eventually flag your account for closure.
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#282
Quote from nrdk00 View Post :
Got an offer in the mail for 50,000 AmEx Reward Points with 1,000 spent. How decent is this and what do the rewards points typically go for?
50k is a good deal, it can be turned into 500 in giftcards at a few places, or 630 in travel/flights or 580 in cash from rewards2cash
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#283
Quote from oyouno View Post :
You typically give them access to your account info, they pay you,
they buy tickets from your account within a few days/weeks.

Since it is perfectly ok for a person to spend their points to buy flights for other people your account is not flagged, If they were to xfer your points to a different account than it would eventually flag your account for closure.
So for the Amex Member rewards points they need access to the Amex account?
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#284
Does no one buy rapid rewards (southwest) points? Checked the three listed here, but it doesn't look like it.
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#285
One website on the Internet offered me 1.4 cents per AMEX point. My problem is how can I be certain I will really get it? Can I go back to Amex if something goes wrong?
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