Rewards2Cash offers you cash redemptions for your Chase Ultimate Rewards and American Express Membership Rewards as well as a variety of airline miles and hotel points.
Update – Rewards2Cash Now Taking IHG Points: Rewards2Cash started taking IHG at $30 for every 10,000 points, plus they are offering a current special price that is 20% more than the regular price. Other rewards are also at a special price right now, but the special prices may end any time without further notice.
Plus, new members can get a free $5 bonus for writing a testimonial at the Rewards2Cash Facebook page after your first completed order.
Rewards2Cash is a great way to get cash for your rewards points from a variety of programs, and they offer more cash than you could otherwise receive through direct redemptions.
For instance, 1,000 Chase Ultimate Rewards points would have a regular value of $10 when redeemed for a statement credit through the Ultimate Rewards program, since 10,000 points is worth a $100 statement credit.
However, Rewards2Cash will pay you $12.50 for a unit of 1,000 Chase Ultimate Rewards points, which means that 10,000 UR points would be worth $125, or $25 more than you could get through direct Ultimate Rewards redemptions for a statement credit.
Of course, redemption values may vary if you are redeeming UR points for discounted gift cards or travel, but if you’re looking to get cash, then you can get good value through Rewards2Cash.com.
Rewards2Cash Participating Programs and Redemption Values
- American Express Membership Rewards – 1,000 Points = $13.00
- Chase Ultimate Rewards – 1,000 Points = $12.50
- British Airways Executive Club – 10,000 Miles = $90
- Hilton HHonors – 1,000 Points = $4
- Hyatt Rewards – 1,000 Points = $11.20
- IHG Points – 10,000 Points = $36
- Marriott Rewards – 10,000 Points = $4.50
- Starwood Preferred Guest – 1,000 Starpoints = $16
- United MileagePlus – 1,000 Miles = $11
Minimum quantities that can be sold vary between the different reward programs, and the amount of cash that you will receive may vary based on the number of units being sold.
How To Transfer Points and Get Money
There are 3 different ways that you can transfer your rewards and get paid.
The first option is to transfer your rewards first, and then to receive a check by mail after the transfer has been completed.
The second option is to receive payment via PayPal before your transfer, but you must pay the 3% PayPal transfer fee for this option, and it is only available for Chase Ultimate Rewards orders that are greater than $250.
The third option is to transfer your rewards first and then receive payment via a cash deposit to your bank account, but you must have a Bank of America or Chase Bank account, and this option is only available for Chase Ultimate Rewards and AMEX Membership Rewards Redemptions on orders that are larger than $800.
Free $5 Bonus for Writing Rewards2Cash Testimonial
You can also get a $5 Rewards2Cash Bonus when you write a testimonial on their Facebook page.
You must have at least 1 completed order at Rewards2Cash.com in order to receive this $5 bonus.
There is a limit of 1 $5 bonus per customer.
Take advantage of Rewards2Cash to get cash for your Credit Card Rewards Bonuses as well as your miles and points from other loyalty programs.
Plus, get a $5 bonus for writing a testimonial after your first Rewards2Cash order.
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Review these top credit card promotions to earn extra bonus rewards.
Peter says
The Redemption Values seem incorrect. For example, per above:
American Express Membership Rewards – 1,000 Points = $13.20
However, on Rewards2Cash website:
American Express Membership Rewards – 1,000 Points = $11.60 (but up to $12.20 for > 50K points)
Max Messner says
Hello Peter,
I have updated the redemption values in the above article.
These redemption rates are updated on a regular basis, so always check the Rewards2Cash website for the most up-to-date rates.
I appreciate your comment. Thank you, Max
Peter says
How about transferring from American Express Membership Rewards? As “risky” as Chase?
Max Messner says
Hello Peter,
Here is an answer to your question directly from Rewards2Cash:
“No. AMEX is pretty safe and I have never heard of one issue.”
In regards to the risk with Chase, they add the following (in addition to the above comment posted directly by Rewards2Cash):
“I inform my customers every time just so that customers who can’t afford card closure ( for example someone put major business expense on Chase card) can cancel order. If you don’t heavily rely on your Chase card, I’d suggest you to proceed since the chance is small.
By the way, the risk is same no matter which dealer you go with. If a dealer doesn’t inform you the risk, please do not deal with them.”
So there is a small risk with Chase and no risk with AMEX, according to Rewards2Cash.
Thank you for your comment and hope this answers your question.
Max
rewards2cash says
Please allow me to explain the risk of transferring Chase Ultimate rewards: there are some reports on internet that credit card accounts were closed because of transferring points to other credit cards. In my personal experience the chance is small since none of my several hundreds of customers has complained the problem (but maybe they are just fine with card closure since I have informed them the risk before trading). Also even if card is closed, the points are not forfeited — you still have one month to use the points including transfer to other account. So your payment are guaranteed.
Serge says
Hmm: Earning extra $160 on my 50,000 UR or risking losing them all ? I guess I better wait to redeem for Sears gift cards for 20% more, which is still $60 less (and less liquidity) but a lot more peace of mind (especially to remain in good standing with Chase to be approved for future offers)
MaximizingMoney.com says
Hello Serge,
There is definitely some risk to this when it comes to the Ultimate Rewards program.
Rewards2Cash makes the following statement: Rewards2cash takes Chase Ultimate Rewards only from people who can take some risk. For safer option (but also cheaper) you may transfer them to United MileagePlus first.
You definitely don’t want to get kicked out of the Ultimate Rewards program.
Thanks for your comment. Max
mohan says
is this legit? has the OP tried the service and verified it working? any other reviews? would definitely like to know. thanks in advance!
MaximizingMoney.com says
Hello mohan,
I have not personally used Rewards2Cash, but there are a variety of positive reviews about it posted online, and it definitely seems to be legit.
Here are some resources for user reviews:
http://www.flyertalk.com/forum/milesbuzz/1452582-rewards2cash-they-legit.html
http://slickdeals.net/f/4629010-Anyone-used-Rewards2Cash-com
http://www.fatwallet.com/forums/finance/1219801/
http://www.fatwallet.com/forums/finance/1284655/
You can also find some alternative mileage and point brokers mentioned in those forums.
It is worth mentioning that selling your points or miles is generally against the rules of most loyalty programs, but many people report doing so without any issues, so you’ll have to consider if it’s worth the risk.
Hope this helps and thanks for commenting. Max