Many individuals, who own plenty of reward points, doubt how to sell their reward points without violating the user agreement. However, if you are interested in selling your reward points, there are numerous options available to you. You can easily find an agency or a broker online and sell your miles effectively.
Michael, a TPG reader, who owns million of reward points said, “I have over a million points (a mixture of United miles, American miles, Ultimate Rewards, Membership Rewards, British Airways Avios, Southwest points, StarPoints, US Airways miles, ANA and Delta SkyMiles). How can I sell the points without violating airlines’ user agreements? If I can sell them, how much can I get? How does the IRS look at the sale of points?”
Yes, you can easily sell your reward miles by finding a reputed agency online like YYZ Miles. We provide you with the complete details of the process and the price bidders are offering for your reward points. If the amount they offer seems reasonable to you, then you can proceed with the deal. If the amount seems unreasonable, then you can wait for a couple of days for a better deal.
There are a few other ways to sell miles as well. The programs offered by major airlines allow you to gift your points to your family and friends. However, you won’t be rewarded with a profit in majority of these programs.
The US Airways recently organized a 100% share miles bonus to their customers. The promo of this program stated that “Members may receive a maximum of 50,000 bonus miles during the offer period.” An advantage of this program was that it allowed the customers to send their miles to other accounts. The customers were granted the wish to send as much as they like but each account was only eligible to earn up to 50,000 bonus miles.
A similar miles bonus program was also held by American Airlines. In this program, the customers were rewarded with a bonus of 20% bonus, when they share 5,000-25,000 miles. Whereas, the customers who shared 26,000-40,000 miles and 41,000-50,000 miles were rewarded with a bonus of 25 and 30 percent respectively.
However, the airline charged a fee of $20 for 1000 shared miles up to the first 5000 miles. JetBlue also launched an exciting offer Family Pooling, which allowed 5 children and 2 adults to share a single account. Yet the best of all such deals is to sell your miles through a reliable broker.