Buy Presidential Dollar Coins with CC @ Face Value, Free Shipping
Dec 16, 2009, 1:36 pm
#6976
Join Date: May 2008
Programs: AA PLT 2MM
Posts: 2,026
Originally Posted by LA Times
Industry insiders say the real losers in such schemes are not the airlines but the banks that buy the rewards points from the airlines and offer the rewards to cardholders to encourage them to spend on their cards.
Does the guy not even know that credit card companies charge merchants a fee on each transaction? Usually around 3% ?!?!
I guarantee you that there is no credit card company that is paying 3 cents per mile. Not one. I don't even think they pay 1 cent a mile. There's very likely a 2% spread there.
They WANT you to spend money on these cards, their business model is transaction based, those that carry a balance and pay the minimum are gravy.
I'd say the credit card companies are HUGE winners on this.
The only time a CC company ever turned out to be a loser on the rewards program was when they used to offer those 5% cashback EDP (gas stations, grocery stores, pharmacies) cards, which is precisely why these were short lived reward programs that the CC companies have now changed (with the exception of Associated Bank of course).
Dec 16, 2009, 1:45 pm
#6977
Join Date: Jan 2005
Posts: 1,458
I spoke to a rep and she told me that 12/8/09 was the last date points would be awarded for these purchases. If your order hits the card on that date or before you just got in. My order posted 12/9. Doh!
Dec 16, 2009, 2:02 pm
#6979
Join Date: Feb 2009
Location: SEA
Programs: Alaska MVPG 100K, IHG Ambassador, Hilton Diamond, Hyatt Globalist, Marriott Titanium
Posts: 1,704
Dec 16, 2009, 2:16 pm
#6980
Suspended
Join Date: Nov 1999
Posts: 24,153
Its not only not getting the Flex Pts but I lost out by not having used a different CC and getting whatever for having used that CC.
Well I guess its simply time for me to go thru my already earned Flex Pts and then CX the CC
The good thing is it wasnt a crazy amount that was lost only 2k, but that 2k would have gotten me my bonus pts. Oh well. Now I will simply have to find a quick way to round-up to the next 10,000th level. (anything below that is useless as you need to cahs out min 20k then 30k 40k etc etc, depending on teh price of the tkt . No 25k or 35k levels)
Dec 16, 2009, 2:49 pm
#6981
Moderator: Alaska Mileage Plan
Join Date: Feb 2005
Posts: 12,313
Pay your property taxes (fee-free in Dallas), prepay your phone/mobile/cable/Internet bills for a couple of months. Buy some gift cards for your favorite grocery store.
Dec 16, 2009, 3:27 pm
#6982
Suspended
Join Date: Nov 1999
Posts: 24,153
Hopefully I can find someone to get the CC there still I believe a promo where the referral is worth 5k to the referee. Then just find a Cat where they give 2x and use it just for that.
Since the 1st yr is free and I did over 24k I think that will make the 2nd yr fee free as well (thanks to the Coins
) so theres no need to prepay for things.The problem is most people I know were Declined for the BA CC, so I doubt they will be accepted by USB. Since the 1st yr is Fee Free its alittle easier asking a frend to get it spend the min so that I can get the 5k, besides they will get 10k so it pays for them to get up to 20k for a free tkt, themselves.
Just who needed the extra hassles and asking people for a Favor
Dec 16, 2009, 3:34 pm
#6983
Join Date: Sep 2007
Location: Sunny Florida
Posts: 637
confirmed US bank flexperks card no longer earning
needless to say, I have canceled my remaining unfilled orders on this card.
Dec 16, 2009, 3:45 pm
#6984
Join Date: Oct 2009
Location: Land of the parrots and parrotheads
Programs: Several dozen
Posts: 4,820
Dec 16, 2009, 3:58 pm
#6985
Join Date: Oct 2009
Location: Land of the parrots and parrotheads
Programs: Several dozen
Posts: 4,820
Silence is golden is my only thought. That thought works well for transactions involving money.
Unless the NA limit gets lifted, it seems that this deal is pretty slow now. Unless you have like 100 accounts and the different addresses to send them to , 5000$ just doesnt seem like enough. Its nice to do the "2500$" needed for deals and whatnot , but for the 30k, 15k bonuses, etc it might just be too slow.... thoughts?
And with the mint, is the only way to order a lot to have multiple accounts with multiple cards?
And with the mint, is the only way to order a lot to have multiple accounts with multiple cards?
Dec 16, 2009, 4:02 pm
#6986
Join Date: Jul 2009
Location: ABQ, NM
Programs: United Mileage Plus, AAdvantage, Rapid Rewards
Posts: 26
No problems with the Chase card yet.
However I think the Mint should try to think outside the box in regards to getting these circulated. I wonder how much more money it would take for the government to give every taxpayer $100 in dollar coins as a stimulus payment or work with a sports franchise to only give out dollar coins as change (perhpas a new tradition of pelting players with dollar coins can be started) or to get McDonalds to introduce a dollar coin only menu. Honestly I think from their POV there are a lot better ways than the current program.
However I think the Mint should try to think outside the box in regards to getting these circulated. I wonder how much more money it would take for the government to give every taxpayer $100 in dollar coins as a stimulus payment or work with a sports franchise to only give out dollar coins as change (perhpas a new tradition of pelting players with dollar coins can be started) or to get McDonalds to introduce a dollar coin only menu. Honestly I think from their POV there are a lot better ways than the current program.
Dec 16, 2009, 4:05 pm
#6987
Suspended
Join Date: Nov 1999
Posts: 24,153
This rep told you something wrong. As someone mentioned earlier, US bank flexperks card is no longer earning points for US mint purchases. My statement closed 12/9, and there are eight postings of orders scattered from the begin to end of the statement period. my point earning did not correlate with purchase activity and so I called. the answer, your US mint orders no longer earn points because you are purchasing cash. They are still posting as sales, not cash advances, just no point earning.
needless to say, I have canceled my remaining unfilled orders on this card.
needless to say, I have canceled my remaining unfilled orders on this card.
It would have been nice had they given prior notice, rather then simply to implement it
Dec 16, 2009, 4:09 pm
#6988
Join Date: Apr 2006
Location: LIS/ATL/other
Programs: UA 1K, Avis PC, Hertz PC, Sixt Plat, Marriott Gold, HH Silver
Posts: 1,983
People would just take their $100 to the bank. What is best for the banks? A few Mr. Pickles with a cart load of coins or a line of citizens out the door, each with ninety-something dollars (because each citizen will take a few for souvenirs)? Most of the coins would still end up at the Fed
Dec 16, 2009, 4:27 pm
#6989
Join Date: Sep 2007
Location: Sunny Florida
Posts: 637
correction to flexperks
so bottom line, it is the posting date that counts, not the statement closing date.
p.s. my delta amex closed dec 10 and all points earning is correct.
Last edited by reddawngrl; Dec 16, 2009 at 4:29 pm Reason: the p.s.
Dec 16, 2009, 4:34 pm
#6990
Join Date: Apr 2000
Location: Fort Myers, FL
Programs: Hilton Gold, SPG & IHG Plat, & every airline program that I can join
Posts: 2,279
$1000 of my $2500 order of presidents arrived yesterday. They were charged on my Barclays Travelocity card. Ordered on 12/3
12/14/09 12/15/09 US MINT COIN SALES-DR 1,000.00
Merchant Category: GOVERNMENT SERVICES NOT ELSEWHERE CLASSIFIED
Merchant Phone Number: Not Available
Merchant Location: 800-872-6468, DC
Points posted and no extra fees!!
On to order the NA's!!
JudyJFLA
12/14/09 12/15/09 US MINT COIN SALES-DR 1,000.00
Merchant Category: GOVERNMENT SERVICES NOT ELSEWHERE CLASSIFIED
Merchant Phone Number: Not Available
Merchant Location: 800-872-6468, DC
Points posted and no extra fees!!
On to order the NA's!!
JudyJFLA