Buy Presidential Dollar Coins with CC @ Face Value, Free Shipping
Dec 28, 2009, 5:40 pm
#7141
Join Date: Feb 2009
Posts: 43
Not kidding. Need be nothing illegal or fraudulent to cause companies to act - just pressure from upper management (generated from various sources).
If you treasure the coins, please report on how you are distributing them as intended by the mint. If you treasure any small and inconsequential benefit of distributing the coins from the mint, then quit the bragging about amounts and the particular cards used. Brag about handing coins out as tips, using them for tolls, change for fundraising events, gifts, and etc.
If threats were idle, why are a few cards no longer receiving points and a few users reporting they are getting talked to? Don't treat coin distribution as a game
, treat it as your opportunity to stand up as a citizen and help your government circulate money. 
If you treasure the coins, please report on how you are distributing them as intended by the mint. If you treasure any small and inconsequential benefit of distributing the coins from the mint, then quit the bragging about amounts and the particular cards used. Brag about handing coins out as tips, using them for tolls, change for fundraising events, gifts, and etc.
If threats were idle, why are a few cards no longer receiving points and a few users reporting they are getting talked to? Don't treat coin distribution as a game
, treat it as your opportunity to stand up as a citizen and help your government circulate money. Yea, the rolls make great holiday gifts! - they are much more personal than a generic gift card.
Dec 28, 2009, 5:40 pm
#7142
Join Date: Oct 2009
Posts: 502
My normal monthly usage was well into the thousands and I never had any problems. I got into the coins more and more, but would pay them off as soon as posting.
Well, AmEx financial review happened. Long story short, they wanted last years tax returns to back up my income to show I could support the charges (coin purchases) I was doing with them. I don't know about you, but my income would not support simply buying these coins like we are doing and hanging onto them. I also didnt want to supply that kind of information to a credit card company....Either way I was screwed.
Anyways, when you get to the financial review step, there is no going back with them. You either supply them with what they want, or they close your account and you lose your points and all of that stuff. Like i said, even if i did supply them with my tax return, it would not matter.
i did manage to get my points back through a very long process but I wouldnt bank on it working for you.
Moral of the story, be very careful. I was pissed me and AmEx went our separate ways, but as nice as they are for everything else, they are real a$$holes on the other end.
Also, they may be wiser to it now, but they had no idea about the coin thing this past summer...the guy saw the coin charges and asked if I was "investing or something" with the US Mint, instead of trying to be mr. publicity I simply said yes....I am sure they are privy to the information now but YMMV....good luck.
Dec 28, 2009, 5:48 pm
#7143
A FlyerTalk Posting Legend
Join Date: Dec 2000
Location: Shanghai
Posts: 41,991
What sort of volume are we talking?
Dec 28, 2009, 5:50 pm
#7144
Join Date: Feb 2009
Posts: 43
I will warn you, I was in the same boat as you with AmEx this past summer. I was a 6 year cardholder and used AmEx Rewards Gold Card EVERYWHERE I could.
My normal monthly usage was well into the thousands and I never had any problems. I got into the coins more and more, but would pay them off as soon as posting.
Well, AmEx financial review happened. Long story short, they wanted last years tax returns to back up my income to show I could support the charges (coin purchases) I was doing with them. I don't know about you, but my income would not support simply buying these coins like we are doing and hanging onto them. I also didnt want to supply that kind of information to a credit card company....Either way I was screwed.
Anyways, when you get to the financial review step, there is no going back with them. You either supply them with what they want, or they close your account and you lose your points and all of that stuff. Like i said, even if i did supply them with my tax return, it would not matter.
i did manage to get my points back through a very long process but I wouldnt bank on it working for you.
Moral of the story, be very careful. I was pissed me and AmEx went our separate ways, but as nice as they are for everything else, they are real a$$holes on the other end.
Also, they may be wiser to it now, but they had no idea about the coin thing this past summer...the guy saw the coin charges and asked if I was "investing or something" with the US Mint, instead of trying to be mr. publicity I simply said yes....I am sure they are privy to the information now but YMMV....good luck.
My normal monthly usage was well into the thousands and I never had any problems. I got into the coins more and more, but would pay them off as soon as posting.
Well, AmEx financial review happened. Long story short, they wanted last years tax returns to back up my income to show I could support the charges (coin purchases) I was doing with them. I don't know about you, but my income would not support simply buying these coins like we are doing and hanging onto them. I also didnt want to supply that kind of information to a credit card company....Either way I was screwed.
Anyways, when you get to the financial review step, there is no going back with them. You either supply them with what they want, or they close your account and you lose your points and all of that stuff. Like i said, even if i did supply them with my tax return, it would not matter.
i did manage to get my points back through a very long process but I wouldnt bank on it working for you.
Moral of the story, be very careful. I was pissed me and AmEx went our separate ways, but as nice as they are for everything else, they are real a$$holes on the other end.
Also, they may be wiser to it now, but they had no idea about the coin thing this past summer...the guy saw the coin charges and asked if I was "investing or something" with the US Mint, instead of trying to be mr. publicity I simply said yes....I am sure they are privy to the information now but YMMV....good luck.
Dec 28, 2009, 5:55 pm
#7145
Join Date: Nov 2007
Location: SF Bay Area
Posts: 314
United Visa was a card I received in November. Only purchased about 5k in coins on it. Continental MC I had for almost a year and made about 15k in purchases on it in the last few months. There were very few other things I charged to those cards, so maybe the mint purchases stood out.
Dec 28, 2009, 5:57 pm
#7146
FlyerTalk Evangelist
Join Date: Jul 2006
Location: Upper Sternistan
Posts: 10,028
United Visa was a card I received in November. Only purchased about 5k in coins on it. Continental MC I had for almost a year and made about 15k in purchases on it in the last few months. There were very few other things I charged to those cards, so maybe the mint purchases stood out.
Dec 28, 2009, 6:17 pm
#7147
Suspended
Join Date: Nov 1999
Posts: 24,153
I will warn you, I was in the same boat as you with AmEx this past summer. I was a 6 year cardholder and used AmEx Rewards Gold Card EVERYWHERE I could.
My normal monthly usage was well into the thousands and I never had any problems. I got into the coins more and more, but would pay them off as soon as posting.
Well, AmEx financial review happened. Long story short, they wanted last years tax returns to back up my income to show I could support the charges (coin purchases) I was doing with them. I don't know about you, but my income would not support simply buying these coins like we are doing and hanging onto them. I also didnt want to supply that kind of information to a credit card company....Either way I was screwed.
Anyways, when you get to the financial review step, there is no going back with them. You either supply them with what they want, or they close your account and you lose your points and all of that stuff. Like i said, even if i did supply them with my tax return, it would not matter.
i did manage to get my points back through a very long process but I wouldnt bank on it working for you.
Moral of the story, be very careful. I was pissed me and AmEx went our separate ways, but as nice as they are for everything else, they are real a$$holes on the other end.
Also, they may be wiser to it now, but they had no idea about the coin thing this past summer...the guy saw the coin charges and asked if I was "investing or something" with the US Mint, instead of trying to be mr. publicity I simply said yes....I am sure they are privy to the information now but YMMV....good luck.
My normal monthly usage was well into the thousands and I never had any problems. I got into the coins more and more, but would pay them off as soon as posting.
Well, AmEx financial review happened. Long story short, they wanted last years tax returns to back up my income to show I could support the charges (coin purchases) I was doing with them. I don't know about you, but my income would not support simply buying these coins like we are doing and hanging onto them. I also didnt want to supply that kind of information to a credit card company....Either way I was screwed.
Anyways, when you get to the financial review step, there is no going back with them. You either supply them with what they want, or they close your account and you lose your points and all of that stuff. Like i said, even if i did supply them with my tax return, it would not matter.
i did manage to get my points back through a very long process but I wouldnt bank on it working for you.
Moral of the story, be very careful. I was pissed me and AmEx went our separate ways, but as nice as they are for everything else, they are real a$$holes on the other end.
Also, they may be wiser to it now, but they had no idea about the coin thing this past summer...the guy saw the coin charges and asked if I was "investing or something" with the US Mint, instead of trying to be mr. publicity I simply said yes....I am sure they are privy to the information now but YMMV....good luck.
at the same time it doesnt look too good if you have say $30,100 in charges and only $100 isnt coins, and it goes on like that for a while
I only had Only coins on a couple of CCs and that was in order to get the Bonus so it was never over $1000.
And trust me Ive had my shares or orders and just got rid of what came in last Thurs today
Dec 28, 2009, 6:48 pm
#7150
Join Date: Oct 2009
Posts: 502
Never pre-paid the credit card. It was a charge card. i simply paid the coins off as they came through and left all of my other "normal" charges to be paid at the end of the month like normal.
Dec 28, 2009, 6:52 pm
#7151
Join Date: Oct 2009
Posts: 502
I think you are forgetting why the CC companies may have issue with this. I am sure you know they have been burned badly by folks defaulting over the past couple of years. In there eyes, people running up many thousands in purchases makes them shaky at the knees....there is nothing stopping deadbeats from jumping on this, ordering several thousands and skipping town on paying the bill. THAT is what they are worked up over. It is there money they are putting on the line after all. I just know first hand, AmEx does not play around.
Dec 28, 2009, 6:59 pm
#7152
Suspended
Join Date: Nov 1999
Posts: 24,153
most Normal (Im not saying you arent Normal, no attack intended!!!) people who have a CC or CCs will never pay any of it off till at least the statement closes. By paying it off before it closes it sends a RED FLAG up the flag pole. simply cause the person is doing something that 99.9999% of the pop would never do. Its not a Normal activity, for Us or those on FW or SD it is but we all are such a small % of a % of the pop that its not deemed a Normal thing to do. Especially if its done over & over
Dec 28, 2009, 7:16 pm
#7154
Join Date: Feb 2009
Posts: 43
Does anyone have a solution to keeping the Mint on our side and the CC's at bay?
I wonder how the US Mint feels about the CC Companies bullying [what I would imagine] are their biggest revenue generators.
I've got this feeling in my stomach, that this will all end in a lawsuit against either the CC Companies or the Mint. [Any class action lawyers out there]? lol
I wonder how the US Mint feels about the CC Companies bullying [what I would imagine] are their biggest revenue generators.
I've got this feeling in my stomach, that this will all end in a lawsuit against either the CC Companies or the Mint. [Any class action lawyers out there]? lol
Dec 28, 2009, 7:36 pm
#7155
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 29,740
Read your card's Ts and Cs as on what it says about "Cash and Cash Equivalent".