Everyone looks forward to selling airline miles these days. And that is the right option, when you don’t want to use your free miles for subscribing magazines or booking air tickets. Nevertheless, it may not be as easy as you think.
The main problem is that you may not always find the right buyer for your miles. And even if you find one, the buyer might not be ready to buy it for the price you advertise. Apparently, it is not how many free miles you have in your account that determines its value but how you negotiate with your buyer. So, here are some tips for selling your airline miles for good value.
Know the value of your free miles
Remember that free miles are not liquid asset. The actual value of your free miles is subject to change. So, there is no reason for keeping your miles in order to appreciate the value. Better, go for selling airline miles whenever you are in need of some extra money.
You can always earn more miles by using your credit card or flyer program. But the point to remember is, your spending should be based on your actual needs. Likewise, when selling airline miles, always think of turning it to your advantage.
Stay tuned to the market trends. During festive seasons, credit card providers and flyer programs would announce free airline miles. Apparently, the value for the miles will be less during such periods. Your miles will get great value when there are no offers of any sort. However, it is good to check the value of your miles against the dollar prior to selling them.
The average value for miles throughout the year will be between $.01 and $0.02. Also, note that miles from certain providers will have less demand in the market. Hence, if you are not currently using any flyer programs, do a bit of investigation about them and the value of miles offered by these programs.
Sign up an account with any broker website for selling airline miles at better price. Most airline mileage brokers have an established client base, and with their help, you can sell your miles for good value.