Having a lot of airline miles can be great, especially if you’re planning to fly in the near future. But, how can you turn airline miles into cash easily? If you need money, or you can’t get a business loan because of bad credit, then explore trading your miles in for some serious cash!
With the uncertainty of the current global situation, you might find it more useful to turn those miles into cash. Planning for trips is harder now, and maybe your miles are close to their expiration date. Don’t let them go to waste!
There are two great ways to turn all those points into money you can spend.
Sign up for a credit card where you can transfer points into cash
You can sign up for an airline credit card and turn the miles into cash you can spend with your credit card.
Etihad Airways, for example, has a program where your unused airline miles can be turned into cash you can use to purchase anything you want.
The idea is quite simple: you start off with a $0 balance on their app or Etihad visa credit card. Then, when you earn miles, you can either save them to redeem for flights and travel or transfer the number of miles you want to the credit card.
Each mile has a specific monetary value. Therefore, you can load your own card with as much money as you need. This allows you to use miles when needed yet still save them towards flights or hotels if you want.
Sell points and miles for cash through a mileage broker
The best way to turn airline miles into cash is to sell them through a mileage broker like The Points King.
Check out this helpful video:
When you simply have too many air miles reward points and you don’t use them to book flights and hotels, there is no real purpose in saving them until they expire. Instead, it’s easier to turn them into cash by selling them.
A mileage broker offers competitive rates for Amex and other reward points and then offers you cash in turn via PayPal. Selling your points in bulk is the way to get the best value for them and also get a consistent amount of cash.
Before you start selling, compare the selling rate of the miles. Usually, you can get more than 1 cent per mile, so if you have lots of accumulated points, you can make a substantial amount of cash. Examine the broker’s exact quote and then compare how much money you gain with the value of the points if you were to book flights, hotels, or purchase merchandise.
Sell miles for cash and stop waiting for the right time to redeem. You can get cash quickly right when you need it.
