Buy Presidential Dollar Coins with CC @ Face Value, Free Shipping
Dec 10, 2009, 4:53 pm
#6721
Join Date: Mar 2007
Location: California, SMF
Programs: UA, AA, AS, DL, BA, HA, WN, SPG-PL, Hyatt-Dia, HH-Dia, Marr-Pl, US Mint/VR(retired)
Posts: 945
Hi guys, Just logged on to US Mint site, where they have the following caveat posted when you click on any of the Presidential dollar direct-ship coins:
"The purchase of $1 coins under the Circulating $1 Coin Direct Ship Program is a cash equivalent or cash-like transaction. Ordinarily, such purchases are not eligible for credit card rewards, cash-back, cash rebate, and similar programs. Check with your card issuer for its terms and conditions."
So I called Amex (Delta Skymiles) and they confirmed this transaction would be like a cash advance so no mileage or purchase credit.
But you guys in this forum seem to have been doing this with such success, even as recently as this morning, so I was wondering whether this caveat on the US Mint site is new. Has anyone else seen that before? Or do they just post that to scare people off and it's really fine??
"The purchase of $1 coins under the Circulating $1 Coin Direct Ship Program is a cash equivalent or cash-like transaction. Ordinarily, such purchases are not eligible for credit card rewards, cash-back, cash rebate, and similar programs. Check with your card issuer for its terms and conditions."
So I called Amex (Delta Skymiles) and they confirmed this transaction would be like a cash advance so no mileage or purchase credit.
But you guys in this forum seem to have been doing this with such success, even as recently as this morning, so I was wondering whether this caveat on the US Mint site is new. Has anyone else seen that before? Or do they just post that to scare people off and it's really fine??
1. ... !
2. Hi drumdrum !
Dec 10, 2009, 4:54 pm
#6722
Join Date: Aug 2003
Location: Chicago
Posts: 79
ATTENTION ALL NEWBIES!!!!!
PLEASE READ THE THREAD THROUGH BEFORE CALLING ANY CREDIT CARD COMPANIES OR POSTING THIS STUFF HERE.
YOU MIGHT BE SURPRISED TO SEE THAT MANY OF YOUR QUESTIONS HAVE ANSWERS SO YOU DONT NEED TO CALL THE CC COMPANIES.
DONT MEAN TO BE AN A** BUT THIS IS GETTING RIDICULOUS
Thx
PLEASE READ THE THREAD THROUGH BEFORE CALLING ANY CREDIT CARD COMPANIES OR POSTING THIS STUFF HERE.
YOU MIGHT BE SURPRISED TO SEE THAT MANY OF YOUR QUESTIONS HAVE ANSWERS SO YOU DONT NEED TO CALL THE CC COMPANIES.
DONT MEAN TO BE AN A** BUT THIS IS GETTING RIDICULOUS
Thx
Dec 10, 2009, 5:01 pm
#6723
Join Date: Feb 2008
Location: STL
Programs: MR Plat Premier, IHG Spire, Hilton Diamond, Southwest CP
Posts: 623
Maybe there needs to be a new feature where you need to have a certain number of posts and/or length of time as a member before you can post to this thread (ala Coupon Connection)?
Dec 10, 2009, 5:05 pm
#6724
Join Date: Nov 2009
Posts: 774
That would havent stopped him from being an idiot.... just from letting us know he was an idiot
Dec 10, 2009, 5:16 pm
#6725
Join Date: Dec 2009
Posts: 2
ATTENTION ALL NEWBIES!!!!!
PLEASE READ THE THREAD THROUGH BEFORE CALLING ANY CREDIT CARD COMPANIES OR POSTING THIS STUFF HERE.
YOU MIGHT BE SURPRISED TO SEE THAT MANY OF YOUR QUESTIONS HAVE ANSWERS SO YOU DONT NEED TO CALL THE CC COMPANIES.
DONT MEAN TO BE AN A** BUT THIS IS GETTING RIDICULOUS
Thx
PLEASE READ THE THREAD THROUGH BEFORE CALLING ANY CREDIT CARD COMPANIES OR POSTING THIS STUFF HERE.
YOU MIGHT BE SURPRISED TO SEE THAT MANY OF YOUR QUESTIONS HAVE ANSWERS SO YOU DONT NEED TO CALL THE CC COMPANIES.
DONT MEAN TO BE AN A** BUT THIS IS GETTING RIDICULOUS
Thx
Dec 10, 2009, 5:27 pm
#6726
Join Date: May 2004
Posts: 375
Has anyone had experience sending the coins to USAA and being accepted? There are no chase branches where we live.
Dec 10, 2009, 5:29 pm
#6727
Join Date: Mar 2007
Location: California, SMF
Programs: UA, AA, AS, DL, BA, HA, WN, SPG-PL, Hyatt-Dia, HH-Dia, Marr-Pl, US Mint/VR(retired)
Posts: 945
I did read every word of the sticky faq and all the recent thread posts before posting, in fact. No one mentioned the US Mint website specifically pointing out that no mileage credit would be given. The sticky faq also said that the coins were sold out, but they are now available again (backordered to 12/25). So it's clearly not up to date. Therefore, it's not that unreasonable to ask whether the caveat on the US Mint website is brand new, that something may have changed since sticky was posted. All I wanted to know was whether people had seen that caveat on the US Mint site before and got the cc credit anyway, a question which has not yet (that I could see) been specifically asked before in this forum, and to which I would still like just a yes or no answer please, thanks!
You mean posts like this one:Looks like the changes are happening. My Congressional rep sent me this:
On any of the product detail pages from the $1 coin direct ship program ...
The purchase of $1 coins under the Circulating $1 Coin Direct Ship Program is a cash equivalent or cash-like transaction. Ordinarily, such purchases are not eligible for credit card rewards, cash-back, cash rebate, and similar programs. Check with your card issuer for its terms and conditions.
That statement wasn't there yesterday.
Here's a link to the GW product detail page for quick reference:
http://catalog.usmint.gov/webapp/wcs...egory_rn=27238
Dec 10, 2009, 5:30 pm
#6728
Join Date: Nov 1999
Programs: UA, DL, AA, Sutherlands Lumber
Posts: 7,356
Some folks are reacting to big mouth posters who have brought alot of exposure to an opportunity which has been pretty sweet. Please don't wake sleeping dogs. 
(if any are still sleeping 
)
Admittedly the thread is very long and the sticky is dated. However, it is good reading and contains an answer to almost any question, no matter how nuanced.
Good luck!
(if any are still sleeping )Admittedly the thread is very long and the sticky is dated. However, it is good reading and contains an answer to almost any question, no matter how nuanced.
Good luck!
Dec 10, 2009, 5:32 pm
#6729
FlyerTalk Evangelist
Join Date: Jan 2000
Posts: 15,345
Even I who has ignored this thread for months can see that this drum drum person has manifested himself in mulotiple personalities now...
Dec 10, 2009, 5:33 pm
#6730
Join Date: Apr 1999
Location: Northport, NY
Posts: 1,732
Citi and Citibusiness set mine to zero and confirmed it in writing. Chase insists that it cannot be less than 20% of my credit limit. US Bank said my account has no cash advance feature. I prefer it set to zero. This way if I buy coins or fund a Citi account it can never be processed as a cash advance.
Dec 10, 2009, 5:33 pm
#6731
Join Date: Jun 2004
Location: Midwest
Programs: AA Advantage Platinum, United 1K, Marriott Rewards Platinum, Hilton Honors Diamond
Posts: 395
I did read every word of the sticky faq and all the recent thread posts before posting, in fact. No one mentioned the US Mint website specifically pointing out that no mileage credit would be given. The sticky faq also said that the coins were sold out, but they are now available again (backordered to 12/25). So it's clearly not up to date. Therefore, it's not that unreasonable to ask whether the caveat on the US Mint website is brand new, that something may have changed since sticky was posted. All I wanted to know was whether people had seen that caveat on the US Mint site before and got the cc credit anyway, a question which has not yet (that I could see) been specifically asked before in this forum, and to which I would still like just a yes or no answer please, thanks!
Cheers!
Dec 10, 2009, 5:36 pm
#6732
Join Date: Jan 2006
Location: NYC
Programs: DL PM, TSA Disparager Gold
Posts: 1,431
Why not open an account at a different local bank?
Dec 10, 2009, 5:49 pm
#6733
Join Date: May 2004
Posts: 375
You want to send the coins to USAA? AFAIK, they do not accept cash deposits by mail, though they do at their San Antonio branch. I think having the Mint send the coins directly to USAA would be difficult, and USAA might not accept them. If you sent them to USAA, I think you would lose a lot of the financial benefit. Regardless, I would get it in writing where to send them to and know how to properly make such a deposit.
Why not open an account at a different local bank?
Why not open an account at a different local bank?
I'm asking for a branch that we can deposit the coins in order to pay the BA/Chase Credit card. If I could have sent the coins to USAA for deposit, then I could pay the BA/Chase card online with the coin deposit.
I guess we could open a bank account locally, but then how would that allow us to pay the Chase card at their branch if it's not a Chase bank?
Am I missing something?
Dec 10, 2009, 5:55 pm
#6734
Join Date: Jan 2006
Location: NYC
Programs: DL PM, TSA Disparager Gold
Posts: 1,431
I don't think you could take the coins to a branch to pay the CC unless the card were issued by that bank. If you are in a Navy town, I have had good success depositing at Navy Federal. Talk with the manager at the bank you pick to open an account yet and come to an arrangement before you order any coins.
Dec 10, 2009, 6:05 pm
#6735
Join Date: May 2004
Posts: 375
We're in the Minneapolis area - Wells Fargo and US Bank are pretty much the big banks here.