It's no secret that the travel rewards system is broken.
So, good time to have a firesale on all your miles, right?
Par, a new marketplace for unused reward miles, seems like an excellent means to that end.
A mobile app that puts people with excess airline miles in touch with travelers looking for cheap flight options, Par lets its users negotiate a price and then simply draws a 7.5% commission fee on all barters. To use the service, prospective travelers enter their destination and dates, and then Par pairs them with registered users who have miles that match. Once a price is negotiated, the flight is booked.
Although the app currently only supports economy flights and multi-city requests aren’t available yet, Par can handle both domestic and international one-way and round-trip requests.
Interested in banking — or saving — some miles? Sign up for Par’s beta version here.