Cashing out miles: can you convert miles into money?
“Can I cash out my miles?” is one of the most common questions from frequent flyers. The short answer: major programs don't offer a direct cash payout. Here are the options that still exist and what you can realistically get.
No direct payout
Miles & More, Avios, Flying Blue and other frequent flyer programs do not pay out miles in euros. Miles remain the program's property and are tied to your account. Payback points converted into miles can't be converted back either.
Vouchers and merchandise
Rewards shops let you swap miles for vouchers or products. The value is usually low: guides cite as little as around €167 in vouchers for 50,000 miles — roughly 0.3 cents per mile. Award flights often yield 1 to 2 cents per mile.
Offer an award flight as a service
On MilesMarket you can offer to book an award ticket for a buyer with your miles. The buyer pays into escrow and you get paid after delivery. Note: many programs' terms don't provide for selling — read our article on the legal situation first and decide consciously.
How much are your miles worth in euros?
The value depends heavily on program and use. Our calculator and mile value table show what your miles are roughly worth for award flights and on the market — before you trade them for vouchers at a poor rate.
Sources & terms
The MilesMarket editorial team covers mile values, award bookings and safe trading. We check prices and program rules against the programs' terms and our market data before publishing. Programs change, so details can go out of date; the program's current terms always prevail.
Editorial team & methodologyResponsible: Milesmarket Ltd · Legal notice
FAQ
- Can Miles & More miles be exchanged for euros?
- Not directly. Options are award flights, upgrades, vouchers or merchandise.