Just like crypto, bonds, shares, foreign currencies and money, your
travel miles and reward points can pay your travels. You can also earn some
cash by selling your airline miles and Amex reward points. However, each travel
reward points have their own value just like different foreign currencies. If you
are new to cash for miles journey you may want to know about different types of
travel rewards mentioned bellow.
Airline miles rewards
There are many airlines and so there are airline miles specific to
each airline. United MileagePlus miles is one such airline mile. However, to
earn united miles you need to register for frequent flyer account. You can also
get a co-branded credit card of united miles. With such credit cards you will
be able to earn united miles by even using it for general purchases also. Miles
earned through traveling in united airlines depends on various factors like seat
you booked, the distance of your journey and the cost you have paid to book
your airline ticket. Similarly, the miles you earn with credit card also depend
on factors like type of purchase and amount you pay.
Rewards through hotel
Just like airline miles hotel reward points can be earned. There are
many popular hotel chains that offers loyalty programs. You earn travel reward
points with your hotel stays and using hotel collaborated credit cards. There are
several ways to use your hotel reward points. Many hotels offer free night
stays and free services with hotel reward points. You can also transfer you
hotel reward points to airlines miles.
Transferable reward points
These points are considered as the most flexible type of reward
points. Some of the most popular transferable reward points are Chase Ultimate
Rewards and Amex Membership Rewards, Citi Rewards and Capital one miles. These points
or rewards are known as transferable because you can redeem them in many different
ways including buying gift cards or transferring them to earn some airline miles.
So know you know about the types of travel rewards that you can earn. Its
time to start your journey towards earning cash
for airline miles and Amex points you have earned.
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