True or false: airlines make more money selling miles than seats? Hard to believe, but it’s actually .. true. Just think of your airline credit cards. Every time you swipe you’re earning miles and the airlines and credit card companies do a little cha-ching dance.
Now the thought of accumulating credit card miles might be enticing and may even give you the warm and fuzzies. Until you want to redeem the miles. What then?
The Miles of Stuff No One Thinks About
It’s one thing to earn miles. That’s the easy-ish part. It’s another thing altogether to redeem those miles. That’s when things get tricky. After all, there's a lot of small print and need-to-knows that can get in the way. Like some programs stipulate that you have to have enough points to cover the entire flight others can make gifting the miles a hassle.
The mind-blowing thing is that credit card companies aren’t betting on us using all our miles. We’ll let that sink in for a bit. There’s research that suggests that credit card companies expect at least 20% of rewards to go to waste. And for good reason: 31% of cardholders never redeem their points! Isn’t that sad?! These credit cards offer enticing reward programs for that very reason.
Making the Most of Miles
You have a few options when it comes to your credit card miles. You can try to redeem them. This can be complicated and trying. But not impossible. Many people simply do nothing. And while that’s not as bad as leaving food to rot in your fridge, it’s also not helpful.
Remember: your points don’t gain value over time. There’s no interest. If anything they may lose value the longer you leave them. The best approach is the proactive approach. We like to think of it as making something out of almost nothing: in other words, selling your miles.
By cashing your miles in, you prevent them from losing value. But more than that, you’re turning a hard-earned reward into some cold, hard cash. And that’s priceless.
It’s Free. It’s Easy. It’s Safe
That’s where we come in. You can get started as soon as today. All you have to do is request a quote. It’s free. Our quote will give you a sense of how much your miles are worth. We offer competitive rates and quick payments. And the best part is it’s quick, safe and transparent.
So, what’s stopping you? Cash in your miles today.
