I highly doubt that they are no longer giving points. These are charged as a purchase, just like they should be. These are not cash advances, these CC companies are not advancing you any cash. They take the normal merchant fees just like any other transaction. You are just making a normal purchase, it just happens to be coins. I just had my Hilton card close recently and got the points.
I read it here. Seems like the T&C were changed in April.
Read it here. Seems like the T&C were changed in April.
This topic has been discussed within this thread several times. Most of the hundreds of thousands of orders placed at the Mint are for the collectible type coins, commemoratives, medals, etc. and are treated like any other product and charged as purchases. The $ coins are an exception as they are a cash equilivant, but still show up as a purchase on the credit cards, even the AMEX.Try a box on your card and see what happens.
Is it true that points are no longer awarded for Amex cardholders? Seems I have read 2 sites now that says they no longer issue points and it no longer counts towards your spend.
You still get points. Only for TC's are the points no longer awarded.
Quote:
Originally Posted by Hawnted
Read it here. Seems like the T&C were changed in April.
Might help if you read a source of information posted more recently. Why you're using an article written in Feb (4 months old at this time) as an authoritative source to a very active and current deal is beyond me.
UPS isn't supposed to leave signature required boxes, but they did so on my last two orders. They rang the bell and ran. Luckily, I was home at the time, although I was in the back of the house and they couldn't have known I was here. I 'd received the call in the morning telling me a signature would be needed. I'm wondering if they signed my name themselves.
I would call them and tell them the content is highly valuable and not leave it at the door.... of course, only if you want it that way. Some people actually prefer having the packages left at the door.
Might help if you read a source of information posted more recently. Why you're using an article written in Feb (4 months old at this time) as an authoritative source to a very active and current deal is beyond me.
I was just making sure. If I was not skeptical of the article I would not have asked. I was assuming that the article had been edited more recently, considering he said effective April 1st. I did not realize Amex would send out the new T&C two months before it was scheduled to change. Anyhow, I read the other data in this thread about Amex, but the last person to confirm points posting was back in late April/early May. Again, just confirming, sorry.
Well I've successfully made Hilton Diamond status within 3 months all due to coin purchases! Hopefully you can figure out how much I ordered during that time. Couldn't have done it without the mint picking up speed and shipping orders in a matter of days vs a month at a time. Needless to say I'm happen to be done with it for a while - I think my bank was getting pretty tired of taking the coins all the time, and I am due for a break as well. Will pick it back up again in a few months to start earning more points, but will give it a rest for now. I think my UPS driver is also due a break from having to take them to the third floor each time.
Now, where's the best place to spend this many dollar coins? I really don't want to be THAT guy holding up the grocery line with 150 of these things...
There have been many suggestions scattered throughout the thread. Maybe someone call make a nice summary. Use it in Las Vegas, farmers market, tips, restaurants, etc. came to mind.
just for interest's sake, here's something from the Mint's 2008 Annual Report. The last paragraph is the most interesting:
At the start of FY 2008, the United States Mint formed
the Office of $1 Coin Programs (O$CP) to identify and
remove barriers to circulation while motivating
Americans to accept and use $1 coins as normal
currency for everyday transactions. The Office initially
focused on ensuring compliance with the Presidential $1
Coin Act and encouraging acceptance with financial
institutions. As part of a Local Activation Plan, O$CP
met with 96 bank representatives in the Washington
D.C. area to familiarize them with the program and
provide materials to help promote the coins. The vast
majority of representatives viewed the Presidential $1
Coin as a collectible coin distributed by the FRB to
make it widely available to the American public. They
generally dispensed it only when asked. Banks also
found the FRB minimum ordering quantity for $1 coins
often exceeded their need and storage capacity.
Dispensing $1 coins only upon request, most banks
quickly reached or surpassed their storage capacity with
the initial releases. Consequently, they stopped ordering
the coin from the FRB and demand steadily declined.
Direct Shipment In May 2008, the United States Mint
initiated the Circulating $1 Coin Direct Ship Program to
provide $1 coins to banks and retailers in smaller
volumes than offered by the FRB. Financial institutions,
retailers and individuals can now order boxes of 250 or
500 $1 coins directly from the United States Mint free of
postage and handling fees. Initial orders for the coins
were unexpectedly strong. The first inventory of John
Quincy Adams Presidential $1 Coins was exhausted
after only three weeks. Such strong sales indicate that
some demand for the Presidential $1 Coins is not being
met through the normal distribution channels. Just over
seven million $1 coins were shipped through the Direct
Ship Program at the close of the fiscal year.
I've been playing this game for a while now, and today I encountered the first resistance from my local citibank branch-- they said they got a memo this morning from the 'citibank currency management department' about the sudden influx of dollar coins... The manager then read me the riot act about how I am being selfish and how it costs citi so much money to send these coins back. He said that in the future I would be charged a fee to deposit dollar coins, I asked him how much, and he did not have an answer, and then I asked him to show me in the terms and conditions where this fee was listed, and of course... he couldn't, but he took down all of my info (from the teller, without my permission) and said he would be in touch with me.
I've been trying to be nice all along and only give what I thought my branch could take (1k$ or less a week...) but if i get browbeaten again, I will start showing up with a full orders.
I live in SoCal and use Citibank and haven't had that problem yet.
I hadn't either, today was the first time I had any difficulty at all... usually the tellers are indifferent or want to know details of how to get them-- this teller was cool as usual, but the branch manager came running up to ask her to wait (and chastise me) as I got to her window. I'm going to a different branch shortly to see if it really has been a widespread message sent around.
the NA's taxing citi in socal
