EBay launched a new promotion this week that lets consumers use airline miles and hotel loyalty points as credit toward items purchased on the online auction service.
Through the eBay Anything Points program, members can convert points earned through American Airlines and Midwest Airlines frequent-flier programs, as well as Hilton hotel's loyalty program, into eBay credit.
Signing up for Sprint long-distance and small-business calling plans also earns points for eBay members.
Anything Points are stored in members' PayPal accounts and can be used anywhere on eBay where PayPal is accepted. The online auction company said it plans to add more loyalty program partners to its points system in the future.
Besides giving people a reason to shop on eBay, the Anything Points program could help the company convince more of its members to become PayPal consumers. eBay acquired PayPal, an electronic payment system, last year for $1.42 billion.
News source: MSNBC - Trade airline miles for eBay credit