58. Hotel Points – “buying low” then “selling high” (or instead of selling, just using the points) is difficult in most airline and hotel miles or rewards programs because either they are not transferable or have a relatively high transfer fee.

However, a few hotel programs do offer you the ability to transfer points at no cost, and these present a unique arbitrage opportunity.

If you can find someone who does not put much value on the points, you can buy and then sell the points to someone else that is looking to save money on an epic vacation.

Hyatt Hotel points are known for their ease of transfer.

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