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Has anyone had experience selling airline miles? Can anyone recommend a company? I've seen a few websites that advertise buying and selling miles but I've never done it before. I have many dividend miles that I don't need and they expire in the next few months.
Selling airline miles is risky at best. If you read the fine print you will find the airlines do not allow you to sell your miles. This is where these companies that advertise buying and selling miles comes in to play. You let the company know how many miles you have available and they match you up with someone needing a ticket. You redeem the miles and purchase a ticket in that persons name. The company, for a fee, handles the transfer of the ticket to the buyer and the money to the you. This is very risky. When you redeem the miles for the ticket you have to lie and say you are giving the ticket to a relative or friend. The airlines know what is going on and when the traveler checks in they will ask the traveler several questions. If there are any inconsistancies in their answers they will not honor the ticket. Nor will they refund the miles you redeemed. They might even go so far to boot you from their rewards program and you will lose any miles you have left.
Selling airline miles is risky at best. If you read the fine print you will find the airlines do not allow you to sell your miles. This is where these companies that advertise buying and selling miles comes in to play. You let the company know how many miles you have available and they match you up with someone needing a ticket. You redeem the miles and purchase a ticket in that persons name. The company, for a fee, handles the transfer of the ticket to the buyer and the money to the you. This is very risky. When you redeem the miles for the ticket you have to lie and say you are giving the ticket to a relative or friend. The airlines know what is going on and when the traveler checks in they will ask the traveler several questions. If there are any inconsistancies in their answers they will not honor the ticket. Nor will they refund the miles you redeemed. They might even go so far to boot you from their rewards program and you will lose any miles you have left.
Thanks for the info. I didn't realize that. Is there options where I can redeem them? I really don't need them but don't want them to be wasted.
A friend of mine used points.com to trade his miles. He'd moved and his new hub meant using a new primary airline, so he basically traded his miles (from his old hub/old airline) for miles he'd use in his new primary city of departure. He seemed really happy with the transaction but I don't know much more about it.
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