How to Cash Out Airline Miles & Rewards Points

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If you have a rewards credit card or airline loyalty program account, you may be wondering how you can cash out your points. This guide will explore some interesting ways to get cash for points and airline miles.

How to Cash Out Airline Miles

You may have acquired frequent flier miles from flights, or from travel credit cards. Either way, if you don’t have immediate plans to use the miles, it may make sense to try to cash them out. Here are some ideas:





Book Flights for Friends & Family

  • You can simply book flights for friends using miles and have them pay you
  • This is typically NOT against the rules for most programs
  • Your friend can get a better deal while you get some cash!

One of the best ways to get cash for miles is to book flights for your friends and family, and have them pay you directly. It’s best to give them a good deal so that they have some incentive as well.



For example, you may have a stash of Delta miles that you’re not going to use. If your friend is going on a trip and looking at booking a $400 flight, you could book it for them with your miles and charge them $300. Win, win!

Airline programs forbid selling points/miles. However, they are fine with you booking flights for other people you know. They won’t know about the payment side of the transaction, so on their end it will look like a valid booking. Thus, this is somewhat of a grey area in terms of the rules – but there’s virtually no chance it will cause an issue (unlike selling miles directly).



Redeem for Cash Directly (Low Rates)

  • Some airlines and flexible rewards currencies allow direct redemptions for cash
  • Most of the time the conversion rate is pretty bad
  • This is perhaps the easiest way to redeem points for cash (if it’s allowed)

Some rewards programs allow you to directly convert your points/miles into cash. Most airline programs do not, but most flexible points currencies (i.e. Membership Rewards, Ultimate Rewards, etc.) do.

Most of the time this is a pretty bad use of miles/points, simply because the redemption rates are quite low. We do not typically recommend this option.

Sell Airline Miles (Not Recommended)

  • Various airline mile brokers will buy airline miles from you
  • This is almost always against the terms of service for the rewards program
  • It can work, but it may result in your account being banned

If you’re willing to take the risk, you can sell airline miles for pretty good rates. It varies by program, but you can expect solid rates typically of 1 cent per mile or more.

That said, selling air miles is against the terms of service of virtually every loyalty program, and can result in your account being banned. We do not recommend this option.

Other Options

  • You may wish to  if you can’t cash them out
  • Some rewards currencies offer decent cash redemption options – explore the program for details
  • If you fly for work and have a good relationship with your boss, ask if you can use your miles for a flight and get reimbursed with cash by your company
  • Some programs allow redemptions for gift cards, sometimes at better rates than straight cashback. You can then use the gift cards or sell them for cash.
  • Specifically for Amex Membership Rewards points, getting the Charles Schwab Platinum allows you to redeem MR for 1.25 cents each! You’ll need a relationship with Schwab to get this card – but they currently offer a $100 Schwab checking bonus that offers ATM fee reimbursement and other perks for travelers
  • You can simply keep your miles for the future. Just make sure to check expiration details and keep your account active so they don’t expire.

FAQ

How do I pay my best buy credit card online?

How do I pay my Best Buy Credit Card bill? You can pay your Best Buy credit card bill online, in-store, by mail (to the address on your statement) or by phone (1-888-574-1301).

How do I pay my Best Buy bill online?

By phone. Call 1-888-574-1301.

How do I find my best buy credit card number?

Here's how to check your Best Buy credit card status by phone:Call the Best Buy Credit Card Center 1-888-574-130.Enter your Social Security number.Give the representative your application reference number. If you don't have it handy, Best Buy can look it up with your name and SSN.May 6, 2018How do I check my Best Buy credit card application status?https://wallethub.com › answers › how-do-i-check-my-best-buy-credit-card-...

How does Best Buy credit card rewards work?

Best Buy purchases using standard credit: Get 2.5 points for every spent (that's 5% back) on qualifying Best Buy purchases on the card using standard credit. Elite Plus members get 3 points for every spent.

How do I activate my USAA credit card?

Here's how to activate a USAA credit card:Online Activation: Log into your USAA online account and select the “Activate Card” link.Activate by Phone: To activate your USAA credit card by phone, call customer service at 201-531-8722. When the automated menu asks what you'd like to do, say, “activate my credit card.”Dec 11, 2017How do you activate a USAA credit card? - WalletHubhttps://wallethub.com › answers › how-do-you-activate-a-usaa-credit-card-2...

How do I activate my Visa credit card?

You can activate a Visa credit card by calling the number on the back of your card or through the issuer's website....WalletHub, Financial CompanyBy phone. Your credit card will often come with a sticker on it or an instruction sheet that lists the phone number of an activation line. ... Online. ... Through customer service.Jan 7, 2018How to Activate Visa Credit Cards - WalletHubhttps://wallethub.com › answers › how-to-activate-visa-credit-cards-2140660...

How do I activate my credit card online?

Method 1 Activating Your Card OnlineFind the activation information on your card. ... Enter the information on your bank's website to activate your card. ... Submit the information. ... Confirm that you have activated your credit card online. ... Remove the sticker, and sign the card.More items...How to Activate a Credit Card by Phone or Online | wikiHowhttps://m.wikihow.com › Activate-a-Credit-Card

How long does it take to get a USAA credit card in the mail?

When will I get my new USAA credit or debit card in the mail? It typically takes 7 to 10 business days to get your new card in the mail after we've mailed it.

How do I activate my USAA credit card?

Here's how to activate a USAA credit card:Online Activation: Log into your USAA online account and select the “Activate Card” link.Activate by Phone: To activate your USAA credit card by phone, call customer service at 201-531-8722. When the automated menu asks what you'd like to do, say, “activate my credit card.”Dec 11, 2017How do you activate a USAA credit card? - WalletHubhttps://wallethub.com › answers › how-do-you-activate-a-usaa-credit-card-2...

How do I activate my Visa credit card?

You can activate a Visa credit card by calling the number on the back of your card or through the issuer's website....WalletHub, Financial CompanyBy phone. Your credit card will often come with a sticker on it or an instruction sheet that lists the phone number of an activation line. ... Online. ... Through customer service.Jan 7, 2018How to Activate Visa Credit Cards - WalletHubhttps://wallethub.com › answers › how-to-activate-visa-credit-cards-2140660...

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