Why Selling Airline Miles Can Be a Good Financial Strategy

Airline miles are a popular reward that many travelers earn by flying with their favorite airlines, using co-branded credit cards, or transferring points from other programs. However, not everyone can use their miles for travel or other rewards. Maybe you don’t fly as often as you used to, or you want to switch to a different program or credit card. Maybe you have more miles than you can redeem before they expire, or you want to cash out your miles for some extra money.

Whatever the reason, you may wonder if you can sell your airline miles for cash and make some profit. The answer is yes, but it’s not as simple as it sounds. There are some risks and challenges involved in selling your airline miles, and you need to be aware of them before you decide to do so. Here are some reasons why selling your airline miles can be a good financial strategy and how to do it safely and easily with SellMyMiles.com, a trusted and reputable platform that buys and sells airline miles and credit card points.

Avoid losing your miles

One of the main reasons why selling your airline miles can be a good financial strategy is to avoid losing them. Many airline programs have expiration policies that require you to earn or redeem miles within a certain period of time, usually 18 to 36 months. If you don’t, your miles will expire and you will lose them forever.

For example, United MileagePlus miles expire after 18 months of inactivity, unless you have a co-branded credit card or elite status.¹ If you have a lot of miles that are about to expire and you don’t have any plans to use them, selling them can be a smart way to get some value out of them before they become worthless.

Get cash for your miles

Another reason why selling your airline miles can be a good financial strategy is to get cash for them. Cash is more flexible and versatile than miles, as you can use it for anything you want or need. You can use the cash to pay off your debts, save for your goals, invest in your future, or treat yourself to something nice.

Depending on how many miles you have and how much they are worth, selling them can give you a significant amount of cash. For example, if you have 100,000 American Airlines AAdvantage miles, you can sell them for around $1,200 on SellMyMiles.com.² That’s a lot of money that you can use for whatever purpose you choose.

Avoid devaluation of your miles

Another reason why selling your airline miles can be a good financial strategy is to avoid devaluation of your miles. Devaluation happens when airlines change the number of miles required for awards or the availability of awards. This reduces the value of your miles and makes it harder to redeem them for the rewards you want.

Devaluation is unpredictable and inevitable, as airlines adjust their programs according to market conditions and customer demand. For example, in 2019 Delta Air Lines increased the number of SkyMiles required for partner awards by up to 25% without notice.³ If you sell your airline miles before they devalue, you can lock in their current value and avoid losing money.

Avoid fraud and theft of your miles

Another reason why selling your airline miles can be a good financial strategy is to avoid fraud and theft of your miles. Fraud and theft happen when someone hacks into your account and steals your miles or uses them without your permission. This can cause you to lose your miles and face potential penalties from the airline.

Fraud and theft are becoming more common and sophisticated, as hackers target loyalty programs for their valuable data and rewards. For example, in 2015 hackers stole millions of Hilton Honors points from members’ accounts and used them to book hotel stays.⁴ If you sell your airline miles before they get stolen, you can protect yourself from this risk.

Choose SellMyMiles.com as your platform

If you decide to sell your airline miles for cash and make some profit, you need to choose a reliable and trustworthy platform that will buy your miles and pay you a fair price. There are many online platforms that claim to offer the best deals for your miles, but not all of them are legitimate or honest.

Some platforms may scam you by not paying you after you transfer your miles, paying you less than agreed, or using your personal information for fraudulent purposes. To avoid these scenarios, you need to do some research and check the reputation and reviews of the platform before you agree to sell your miles.

One of the best platforms that buy airline miles is SellMyMiles.com². SellMyMiles.com is a platform that connects sellers and buyers of airline miles and credit card points. They have been in business since 2008 and have served thousands of customers. They offer top dollar payouts for your miles and points, fast and secure payment methods, easy and simple process, and excellent customer service.

Some of the benefits of choosing SellMyMiles.com as your platform are:

– They buy all kinds of airline miles and credit card points from various programs
– They pay you the same day via PayPal
– They have a free pricing tool that gives you an instant quote for your miles
– They have a safe and secure website that protects your privacy
– They have a friendly and responsive team that answers your questions and guides you through the process

Follow the process

Once you have chosen SellMyMiles.com as your platform, you need to follow their process to sell your airline miles. The process is very simple and involves these steps:

– Visit the homepage at www.sellmymiles.com² and select the program that matches the miles you want to sell
– Enter the amount of miles or points you want to sell and click on “Send Me Your Best Offer”
– Fill out a form with your personal information and submit it
– Receive an offer from them within minutes and accept it if you are satisfied with the price
– Verify your identity and mileage account with them
– Transfer your miles or points to their account or provide them with access to book awards on your behalf
– Receive payment for your miles

The whole process may take from a few minutes to a few hours depending on the program. You should always read the terms and conditions of SellMyMiles.com carefully before agreeing to sell your miles and make sure you understand their fees, policies, and guarantees.

Enjoy your cash

Selling your airline miles for cash can be a good financial strategy if done right. You can avoid losing, devaluing, or stealing your miles and get cash for them instead. You can use the cash for anything you want or need. However, selling your airline miles also involves some risks and challenges that you need to be aware of before doing so. You need to know the rules of your program and the consequences of breaking them. You also need to choose a reputable platform that will pay you a fair price and protect your privacy.

SellMyMiles.com is one of the best platforms that buy airline miles and credit card points. We offer top dollar payouts, fast and secure payment methods, easy and simple process, and excellent customer service. If you want to sell your airline miles for cash safely and easily with visit our website today and get a free quote!

Source:
(1) How to Sell Airline Mileage for Cash – DoNotPay. https://donotpay.com/learn/sell-airline-mileage/.
(2) How to improve airline loyalty programs | McKinsey. https://www.mckinsey.com/industries/travel-logistics-and-infrastructure/our-insights/miles-ahead-how-to-improve-airline-customer-loyalty-programs.
(3) How Loyalty Programs Are Saving Airlines – Harvard Business Review. https://hbr.org/2021/04/how-loyalty-programs-are-saving-airlines.
(4) The Benefits Of Selling Airline Miles – sellmymiles.com. https://www.sellmymiles.com/blog/benefits-of-selling-airline-miles/.
(5) Can You Sell Airline Miles? Is It Illegal? – One Mile at a Time. https://onemileatatime.com/insights/sell-airline-miles/.