Why You Should Sell Airline Miles For Cash

Airline miles increase in popularity every year as awareness about their value grows. Frequent flyers and reward card holders are obsessed with earning as many airline miles as possible. Earning airline miles is relatively easy because you don’t have to fly constantly in order to earn them. Frequent flyer miles can be earned through travel reward cards or partner loyalty programs. Despite their popularity, and the obsession to earn them, a research showed that only 25% of people let their airline miles go unused. Rather than wasting them, a better alternative is to sell airline miles for cash.   

1. Is Selling Airline Miles For Cash Against The Law?

Even though airlines technically frown upon the thought of their loyalty members selling miles, they have long policy sheets stating the consequences of selling miles. Yes, despite the endless paragraphs in the terms and conditions of loyalty programs there is no law in the United States that selling airline miles is against unlawful. It is only unlawful in the State of Utah. There is highly trained and experienced professional who sell and buy airline miles. They know exactly which steps to take to steer clear of the airlines' radar.  

Read: A Guide On Selling Frequenter Points

 

2. But How Do I Even Sell My Miles For Cash?

Selling airline miles for cash is easy, the tricky part is finding a mileage broker that is trustworthy and has a good reputation. There are so many frequent flyer forums online, make sure to ask around about the mileage broker you’re planning on using. Remember airline miles have value, and you don’t want to transfer them to frauds. Now on to the good part, and that is selling airline miles for easy money. Business class travelers who fly frequently due to work earn a lot of airline miles, and then later sell them to mileage brokers. They opt for mileage brokers rather than platforms such as Craigslist and eBay. Mileage brokers are the middlemen who help people sell their miles for cash. With time they have learned how to evade any consequences attached to selling them. Once you’ve chosen a mileage broker company, you need to sign up to their website. A lot of mileage brokers offer free quotes to potential customers, and you’re free to use the tool before making a commitment.  

Read: A Guide To Help You Choose Cash Back Or A Miles Credit Card. Which Is Best For You?

How To Sell Air Miles For Cash

  After signing in you’ll need to enter your personal information and the number of airline miles that you’re selling. There will be an option for the name of the loyalty program and the expiration date as well. Some mileage brokers often give their customers a chance to barter for the airline miles; this option is open to you if your mileage broker is accepting it.  

3. Where Do I Transfer My Airline Miles?

The airline miles you’re selling for cash will need to be transferred to a third party account. Once the miles have been sent, the payment is made through different means. Some mileage brokers use PayPal, while others use bank transfer. Usually, the payment is made within 24 hours.