Best Ways to Give Rewards Miles and Points

You may want to be generous with your credits, but the carriers have other ideas. Transfers are pricey (and limited).

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Sharing airline miles that you’ve accumulated through your credit card or frequent-flier program may sound like a great way to give the gift of travel this holiday season. But transferring miles is usually pricey. The major U.S. airlines levy fees of about 1 cent to 1.5 cents per mile transferred, and most also charge a flat fee of $15 to $30 per transfer. Plus, the programs often impose caps on the number of miles you can move. With United MileagePlus, for example, you can transfer a maximum of 25,000 miles per transaction (with a 100,000-mile limit per year). At a rate of 1.5 cents per mile plus a $30 fee, transferring 25,000 United miles would set you back $405—or what you might pay to simply buy a ticket.

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Lisa Gerstner
Editor, Kiplinger Personal Finance magazine

Lisa has been the editor of Kiplinger Personal Finance since June 2023. Previously, she spent more than a decade reporting and writing for the magazine on a variety of topics, including credit, banking and retirement. She has shared her expertise as a guest on the Today Show, CNN, Fox, NPR, Cheddar and many other media outlets around the nation. Lisa graduated from Ball State University and received the school’s “Graduate of the Last Decade” award in 2014. A military spouse, she has moved around the U.S. and currently lives in the Philadelphia area with her husband and two sons.