Delta Points writes about how to work a new promotion from SkyMall to get some very cheap Delta SkyMiles (less than 1 cent per mile).
SkyMall is offering a 25,000 SkyMile bonus for every purchase over $500. The way to work the promotion to get cheap Delta miles is to buy something from SkyMall and to later sell it on ebay or elsewhere for a small loss.
Delta Point explains how he got 250,000 Delta miles for $700. However, he needed to front the initial purchase cost of $5,000 to buy the products from SkyMall which he later sold for a loss.
If I had more money and time, I’d give this a shot. But I’m going to pass for now.
The Man of a Thousand Places has a very detailed post which explains the different ways you could take advantage of the promotion and covers many different scenarios.
Bottom Line: If you have the time, patience, and money to take part in this promotion, you could end up with a lot of cheap Delta miles. But there is also the potential that you could end up with some very expensive Delta miles if resale values plummet or if you are not able to liquidate your purchases.
That’s why it is very important to have a margin of safety if you do decide to participate.