Many frequent flyers end up letting hard-earned airline miles expire. Rather than losing your unused miles and perks, you can unlock their cash value by selling them on points and miles resale marketplaces. Read on to learn how it works.
Check If
You're Eligible to Sell
Before
listing your miles, make sure your airline loyalty program allows transfer or
sale of miles. Most major US airlines like Delta, American Airlines, and United
allow this, but check program policies since restrictions may apply. Make sure
your account is in good standing too.
Select a
Reputable Resale Marketplace
Once you
know you can sell, pick a safe marketplace that offers fair prices and has good
reviews:
- Points.com – One of the first miles resale sites, with over 20+ airline and hotel programs
- CardCash – Known for offering competitive buyback rates and prices
- MilesMonkey – Compared listings on multiple sites to find the best reward flight values
Take Note
of Market Rates
Like any
asset, the value of miles fluctuates based on demand, redemption promotions,
etc. Often 1,000 miles sells for $7-13. Before listing your miles, check
current buying rates per 1,000 miles or points on your program(s). This gives
you a selling benchmark.
Price
Your Listing
When pricing
your miles, balance getting optimal value with making sure it actually sells.
Exceeding average buyers’ willingness to pay will just mean your miles expire
before selling. Consider listing batches of miles across programs in ksmaller
increments as well.
Transfer
Your Miles
Once you connect your program account to the market place and have a buyer, initiate the miles transfer. Resale sites walk you through this process. Typically miles are deposited to the buyer’s account within a few days after purchase confirmation.
Cash Out
Your Proceeds
Upon
successful sale, you can cash-out your earnings! Most sites offer PayPal
transfers or checks within a month. Some even provide instant online gift cards
for a small fee.
Selling miles does require planning ahead and waiting through transfer times, but beats losing hard-earned airline perks and value. As long as you use a reputable marketplace and understand the value your miles hold, you can confidently unlock their cash potential and get cash for airline miles.
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