“U.S. consumers are owed 14 trillion airline frequent-flier miles and need a way to cash in on the $480 billion worth that are owed by airlines, a state leader said Thursday. Rep. Chris Hurst, D-Enumclaw, argued at a House committee hearing in favor of a bill that would let (state of) Washington consumers sell hundreds of thousands of unused frequent-flier miles for cash.
Trading or selling them could give consumers about 0.2 cents per accumulated mile at current valuations.”Will the consumers receive what they paid for? Or was this just a slick game of three-card Monte?” Hurst said of the frequent-flier programs that sprang up in the 1980s but have mushroomed as credit-card companies and merchants have joined the parade of consumer rewards.
“This bill won’t cost the taxpayers or anyone any money,” added flier Brad Carey of Tahuya in Mason County. Carey and other consumers said it has become harder to cash in miles, and being able to sell or transfer them could benefit consumers. ” (via theolympian.com)
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