Sell Frequent Flyer Miles Legally!
Wanting to sell frequent flyer miles may sound a little odd at first, but there are many people who have been quietly collecting them over a period of time and who for whatever reason don't wish to redeem them for air travel or other offered goods and services. These people have been able to sell their frequent flyer miles to travel brokers and this practice has actually worked out to be far more advantageous for them than redeeming them the normal way. There has been quite a lot of confusion as to whether the practice of buying and selling frequent flyer miles is legal, but it has become widespread and even though at times there has been a little trouble, generally everything goes ahead without problem. The fact is that it is not illegal to sell frequent flyer miles. Even though the frequent flyer programs may have it written in their terms of agreement, it is very unusual for any airline staff to prevent usage of tickets bought this way. Generally if you wish to sell your frequent flyer miles it is prudent to use one of the more well known travel brokers as they know what they are doing and you are less likely to run into any problems. You also need to read the fine lines in the selling procedure so that you know exactly what is expected of you. The procedures involved to sell frequent flyer miles will generally be something like this, depending on which broker you use: 1. You will be advised of the itinerary and terms by the broker via phone, fax or email 2. Either you or the broker will make the reservation 3. If e-ticketing, you will receive a cashiers check or postal money order upon airline confirmation of ticketing. Often there are other ways of payment such as transfer to bank account 4. Paper tickets are usually sent via Federal Express COD As you can see, the procedure is relatively simple to sell your frequent flyer miles. There can occasionally be problems with emergency changes or cancellation of bookings from the other party due to health reasons, and this is where it is important to know what happens in these situations. If this happens after you order the ticket and before you are paid you will usually be reimbursed for any fees that you may have already paid in these circumstances. You would also be reimbursed for the airline redeposit fee when you return the unused ticket to the airline for mileage credit. A good broker will also compensate you for wasting your time. The freedom of being able to sell your frequent flyer miles this way has meant that consumers are able to get the most benefits for their accrued mileage. Generally speaking, you are paid anywhere from 0.8 to 1.6 cents per mile depending on the number of mileage points you are able to sell. For example selling just 25,000 miles will attract 0.8 cents, whereas if you have 90,000 to be able to sell it will attract anywhere from 1.4 to 1.6 cents per mile.
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