Making the Most of Unused Frequent Flyer Miles & Points

Making the Most of Unused Frequent Flyer Miles & Points
  • Opening Intro -

    When signing up for a credit card or frequent flyer miles program, the perks and benefits look very attractive, as they should.

    However, many people sign up for programs and credit cards with visions of stays in five-star hotels for pennies and free first class flights – dreams that never come to fruition.

-------------------------------------

By Sean Miller

This may be because they never use their miles, or because airlines make it so hard to redeem. In either case, a large majority of U.S. citizens have thousands of unused airline miles and credit card points that go unused. It is easy to make quick cash off these points and miles.

Expiration Dates

The first thing to do is call the credit card company or airline in question to find out whether there is an expiration date on frequent flyer miles or points. If not, many programs allow customers to transfer their miles to other airlines or use the points for car rentals, hotel stays, gift cards in stores, or other, more applicable, rewards. The value may have depreciated with time, and the rules of the program may have changed, but they can often still be used. For those who can find no use for their points and miles, there’s always the option of selling frequent flyer miles or credit card points.

Airlines make it hard for customers to sell their miles, but the miles can easily be sold to a trusted online buyer. The buyer transfers the miles to his personal account, and once the points are sold to a third party, a check is sent to the original seller. This transaction is fast and easy, with the potential of thousands of dollars in profits. The average going rate for someone looking to sell frequent flyer miles is one cent to a fifteenth of a cent per mile. That can add up to a lot when dealing with hundreds of thousands of miles. Airlines don’t like when members sell their miles, but it is not illegal, unless you live in Utah. Credit cards, on the other hand, expect their members to use their points one way or another, unlike airlines. Therefore, most of them, Amex especially, do very little policing.

Program Rules

Most airlines and credit card companies reserve the right to change the rules of their program at any time, without any prior notice. Therefore, an account holder who knows that he won’t be using his points or miles anytime soon should frequently sell his miles and points to ensure that they don’t get caught in a loophole.

For those who are wary of giving up on their rewards, many programs allow account holders to transfer their points between members. If you fall short of the amount of points required for a ticket, many airlines also sell a small amount of points to make up the deficit. Almost all airlines also allow members to give their miles to family and friends as a gift. There is no violation of policy if your family member or friend happens to give you a small gift or check in return.

Selling Points

Selling unused points or miles is a sure way to make quick cash with no monetary investment or time involved. Research online buyers before you sell; they will offer a price quote, and the highest bidder wins.

Author Information

Fay Friedman is a freelance writer and consumer who enjoys unexpected spare cash just as much as the next person. She has had a great experience with Sell Miles Now, making over three thousand dollars in unused points.

 
Bestseller No. 1
16 Inch Carry On Hand Luggage Flight Duffle Bag, 2nd Bag or Underseat, 19L
371 Reviews
16 Inch Carry On Hand Luggage Flight Duffle Bag, 2nd Bag or Underseat, 19L
  • Designed Specifically as Approved Personal Item size on American Airlines, Delta Airlines, Southwest Airlines, United Airlines, Jetblue Airways,...
  • Dimensions: 16x10x8" (6" main compartment) / Capacity: 19L / Weighs Only 1.1lbs
  • Adjustable shoulder carry strap - extra support and flexible to fit all sizes
Bestseller No. 2
For Spirit Airlines Foldable Travel Duffel Bag Tote Carry on Luggage Weekender Overnight Sport Duffle for Women and Girls
351 Reviews
For Spirit Airlines Foldable Travel Duffel Bag Tote Carry on Luggage Weekender Overnight Sport Duffle for Women and Girls
  • DURABLE & WATERPROOF - Solid straps bear the weight more than 45 pounds, together with smooth metal zippers, no need to worry any ripping or break...
  • SAVE YOUR CARRY ON CHARGES - Bag size 18 x 13 x 6.3 inch fits personal item size 18 x 14 x 8 inch of Spirit Airlines & Frontier Airlines perfectly,...
  • PACKABLE & LIGHTWEIGHT - Folding up into its own exterior pouch when not in use takes up minimal space. Capacity 25L yet only 7.2 ounce offer the...
Bestseller No. 3
3pcs Lermende TSA Approved Toiletry Bag with Zipper Travel Luggage Pouch Carry On Clear Airport Airline Compliant Bag Travel Cosmetic Makeup Bags - Black
436 Reviews
3pcs Lermende TSA Approved Toiletry Bag with Zipper Travel Luggage Pouch Carry On Clear Airport Airline Compliant Bag Travel Cosmetic Makeup Bags - Black
  • TSA Approved - TSA approved clear toiletry bag strictly follow 3-1-1 regulations. Easy and quick to pass through airport security. An ideal cosmetics...
  • Clear Strong Thickness Design - Made of transparent PVC material, eco-friendly to see and get items quickly. Strong thickness make the bag more...
  • Waterproof Secure - Airline Toiletries Bags are transparent and waterproof to to hold all your items included Liquids, at least resistant to leaks in...

Last update on 2019-06-08 / Affiliate links / Images from Amazon Product Advertising API

-------------------------------------------------------------------------------------------------------------

end of post idea

-------------------------------------------------------------------------------------------------------------

Helpful article? Leave us a quick comment below.
And please give this article a rating and/or share it within your social networks.

Categories: Travel Tips