How Can I Sell My Miles Without Violating Airline Terms & Conditions In The New Year
This question is on every law abiding frequent flyers mind. No one wants to break the law or go against terms and conditions stated by the airline. I sell my miles a lot and take it from someone who makes easy cash at least once or twice a year that it’s not as hard as it sounds.
1. Terms & Conditions
When signup to a loyalty program the legal terms state that members can’t sell the airline miles to a third party. When members create an account, they agree with this policy. However, there are so many ways of earning airline miles now that the account just keeps filling up. Despite the airline’s declaration in their terms and conditions, selling miles is not against the law. It is only considered unlawful in Utah, so rest of United States can breathe a sigh of relief.
2. Where Should I Sell My Airline Miles
Well, it is safe to say that you shouldn’t sell or buy your miles either from eBay or Craiglist. You’ll just be looking for trouble if you do. In order to save yourself the hassle of losing your miles to a stranger, opt for a mileage broker instead. They’re the middlemen who’ll help you sell your airline miles and at the same time avoid any consequences involved to selling them.
3. How Much Cash Can I Make
This depends on how many airline miles you have, and their value. A lot of different loyalty programs are priced differently depending on their value in the market. However, you can expect to earn between 1 to 1.9 cents or more per mile. Just imagine how much cash business travelers make when they sell their airline miles. Some business travelers have been known to make up to $14,000 per year by just selling their airline miles.
This is a great way to make extra cash if you don’t plan on using your airline miles towards a reward seat. Rather than letting them expire, it’s better to sell them to someone who needs them more than you do.
4. How Will I Get Paid
A lot of mileage brokers pay their clients within a couple of hours. There are some who take up to 24 hours, but it solely depends on the medium of transfer that they use. Some use PayPal, while others use bank transfer. You can also expect to get a cashier check in the mail. At the end of the day, you will get paid regardless of the method that’s used.
These companies have been operating for a decade now and have earned certain reputation amongst their clients. Payments are always made to customers in time to uphold certain standards.
5. Should I Sell Airline Miles
At the end of the day, this is personal preference. Yes, it’s a great way to make some extra cash. If you don’t feel like selling your airline miles you can gift them to a family member instead. You’re not violating terms and conditions either way, as long as you know the proper steps to take.