Playing Markets That Trade Miles

(New York Times)
ANY traveler who has tried to redeem frequent flier miles for an award seat, only to be thwarted by blackout dates or limited availability, knows that attractive alternatives are hard to come by. You could spend miles for magazine subscriptions, donate them to charity or, in a few cases, purchase merchandise in an exchange that often doesn’t quite add up (17,000 miles for a coffee maker?). Click here to read the rest of the article