Originally Posted by
Sam - DFW
yes, somehow people are missing the point.
1. get coins on cc
2. take coins to bank and deposit
3. pay cc before incurring interest
if this doesn't work for you, then don't do it.
sam
I agree completely. If you break procedure on one or more of these points, the value of the procedure goes out the window. Consider additionally that if you value your miles at 2 cents each and you purchase $500 worth of coins, you are receiving $10 for the trouble of placing an order, making sure it arrives okay, and depositing (driving to the bank, perhaps) the coins. If you opt not to deposit the $500 in coins immediately, you begin to lose interest value on them. If you normally produce 8% returns on your liquid investments, you lose 2% (or the full $10 you sought to benefit) every three months you have the coins sitting around waiting to be spent or deposited. Buying $5,000 worth of coins for $100 worth of miles/points and immediately depositing them at a bank without a fee or hassle might be worthwhile.
Originally Posted by
Sam - DFW
strip clubs make the most sense...
Makes sense, as there are plenty of slots that accept the coins at those places.