Originally Posted by
satman40
With the mints 1k about every 15 days limit, I find it hard that anyone would need to bring 4 or 5k in coin's into a a bank to deposit at one time.
From what I read many do not have the credit line nor the spending needs to generate the cash flow the banks need to maintain the credit cards merchant profit ..
Kind of like going into a store and buying their loss leaders.
B of A and many other will cut this game out, as well as the mint...the real surprise is how long it has gone on....kind of like buying stocks when even the taxi cab drivers are buying it is time to look for other avenue's of revenue.
It's a lot easier to churn a CC, and pick up 75k than make 75 trips to a bank...
Time is Money...
You're right, time is money. There are ways around the 10 day $1000 policy. If I was depositing a thousand at a time, I would find it way too cumbersome and not worth it. But as I said, I've been bringing in $3k-$5k each time. I don't know why you find it hard to believe when me and lots of other people are doing just that. I wouldn't just make up a story that my account got closed for excessive deposits for no reason.
I do agree that sooner or later this will come to an end, so I'm trying to maximize the benefit while it's still around. At the rate I'm at, I'm getting around 180-200k miles annually. I've already gone through all the good sign-up bonuses to churn any cards effectively, so this seems to be the way to do it. I can assure you that $45k didn't take me 45 different trips.
