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Old Oct 2, 2002 | 11:28 am
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UA_Eagle
 
Join Date: Jan 2001
Location: Alexandria, VA
Programs: SPG Pref+, Hilton Silver, Hyatt Plat, BA Blue, AA Riff-Raff, UA Unwashed, Travel Anonymous Platinum
Posts: 1,469
Saving Bond secret is out!

Hi,

As some of us know, we can buy bonds with our FF miles earning credit cards and then redeem the bonds 6 months later to churn the money again in more bonds.

Well, WSJ's Personal Journal (secion D) just published today an article about "How to Juice the Return on a Savings Bond", front page of section D. Subtitle is
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Crafty Investors Use Credit Cards to Buy Them, and Get Cash Back; 'Plundering the Treasury'</font>
.

I'm guessing in a short while, this will be cracked down by credit card or US Treasury once a lot more folks start taking advantage of this after reading the article.
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