Buy Presidential Dollar Coins with CC @ Face Value, Free Shipping
FlyerTalk Evangelist
Join Date: Nov 2002
Location: BOS, MHT
Programs: AA ltg, B6, DL, UA, AS, SPG/Marriott Plt, HH, Hyatt
Posts: 10,052
you are not breaking any law - like legal, police, court, state, fed, etc...
you are going against the intent of the marketed product and service if they can show that you did so. And the IF comes from: their perceived notions that you did X and any other entity (such as a bank) SAYING you did. Combine those, and it would be enough for them to have valid cause to NOT sell these to you, whereas if they chose not to sell them to you just because they felt like picking and choosing people, they would look bad as marketers, and could even be sued for such practices. And they dont want that.
Also, they may not really even care about what we do with coins or how we use them, but they could be getting pressure from other entities, departments or even some financial sector so they had to make that red statement available on the site to all.
I am guessing about all of the above, but there have been many cases relating to earning miles and points (not even coin related ones) where if a customer is stopped from doing something it comes down to the marketer telling him or her that they broke some rule that is rarely hit on by most other customers. It is at that point that they can just say NO COUP FOR YOU to you as a customer and you are out.
but you would not have broken any laws.
I am certain, however, that there are many factions of mint-related personnel that would LOVE to find a way to stop us all using such logic.
Join Date: Jul 2010
Programs: UA, AA, SPG, HH
Posts: 672
FlyerTalk Evangelist
Join Date: Nov 2002
Location: BOS, MHT
Programs: AA ltg, B6, DL, UA, AS, SPG/Marriott Plt, HH, Hyatt
Posts: 10,052
I not only did two large coin machine deposits at a bank that shorted me $1 each time (I want my two dollars!!!!!!!!!!! ) but also, just last night and into today I have found out that this same bank has closed my account out and mailed back to me all funds in there with a letter from the regional manager BECAUSE I do coins.
I have yet to receive the letter but when I stepped into the branch this am where I had opened my account, I showed the person working reception my ID and she knew my name and said, "Oh, you're the guy who--well, Mr so & so can call you if you leave your number or you can wait for the letter the bank has sent you...," and I left after asking her to have him call.
Oh well.
As Bugs Bunny said in "The Rabbit of Seville,"
NNNNNNNNNNEXT!
Join Date: Oct 2009
Location: Land of the parrots and parrotheads
Programs: Several dozen
Posts: 4,820
Join Date: Feb 2011
Programs: AA Lifetime Gold, HH Diamond
Posts: 879
I'm new and do not want to hurt my 800+ credit score.
Thanks for your honest opinion.
FlyerTalk Evangelist
Join Date: Nov 2002
Location: BOS, MHT
Programs: AA ltg, B6, DL, UA, AS, SPG/Marriott Plt, HH, Hyatt
Posts: 10,052
It reminds me of THIS:
http://www.youtube.com/watch?v=fw_VBiTntq8
Join Date: Aug 2010
Posts: 327
Nobody knows here exactly what triggers FR and lots were told the coins were the reason for FR. So, you never know. General belief is if you stay very low on utilization (meaning pay 1k as soon as the coin charge hits), you should be fine but you never know.
Join Date: May 2003
Location: CA
Programs: AA Lifetime Gold, HHonors Diamond
Posts: 2,879
I have yet to receive the letter but when I stepped into the branch this am where I had opened my account, I showed the person working reception my ID and she knew my name and said, "Oh, you're the guy who--well, Mr so & so can call you if you leave your number or you can wait for the letter the bank has sent you...," and I left after asking her to have him call.
Join Date: Jul 2010
Programs: UA, AA, SPG, HH
Posts: 672
Now 5 more people are going to ask what a FR is....
What does FR has to do with 800+ score (your score would only hurt if as a result of FR they reduce your CL or close accounts). If you have fear of FR (not able to produce what they want), then I would suggest staying away from ordering coins on those CC.
Nobody knows here exactly what triggers FR and lots were told the coins were the reason for FR. So, you never know. General belief is if you stay very low on utilization (meaning pay 1k as soon as the coin charge hits), you should be fine but you never know.
Nobody knows here exactly what triggers FR and lots were told the coins were the reason for FR. So, you never know. General belief is if you stay very low on utilization (meaning pay 1k as soon as the coin charge hits), you should be fine but you never know.
Join Date: May 2010
Location: WAS
Programs: Lotz
Posts: 1,534
If a FR is started and the customer instead just chooses to close the account I assume the CR would show "closed at customer request". It may poison the relationship with that cc company though.
Several of the "FR for coins" posts have been where the customer only did a very few coins while many of the ones doing 100K/mo or more seem unaffected.
Hopefully the outcome isn't like Citi where many who had opened and closed one prior account got caught up in the anti-churn rules with the ones who had churned 100's.
I wonder if the FR is less likely on biz accounts. I haven't heard of trouble on a biz account and it may be because money-like transactions are more justified there. There are businesses that have a real use for coins too. (I remember when the main source for quarters for parking meters was porn stores as they had huge supplies of them).
FR seems like hitting a fly with a hammer when cc companies could just disallow miles for coins anytime. I more envision the real danger is further tightening of the mint rules.
Several of the "FR for coins" posts have been where the customer only did a very few coins while many of the ones doing 100K/mo or more seem unaffected.
Hopefully the outcome isn't like Citi where many who had opened and closed one prior account got caught up in the anti-churn rules with the ones who had churned 100's.
I wonder if the FR is less likely on biz accounts. I haven't heard of trouble on a biz account and it may be because money-like transactions are more justified there. There are businesses that have a real use for coins too. (I remember when the main source for quarters for parking meters was porn stores as they had huge supplies of them).
FR seems like hitting a fly with a hammer when cc companies could just disallow miles for coins anytime. I more envision the real danger is further tightening of the mint rules.
Join Date: Jul 2010
Programs: UA, AA, SPG, HH
Posts: 672
I wonder if the FR is less likely on biz accounts. I haven't heard of trouble on a biz account and it may be because money-like transactions are more justified there. There are businesses that have a real use for coins too. (I remember when the main source for quarters for parking meters was porn stores as they had huge supplies of them).
Join Date: Aug 2010
Location: Bay Area, CA
Programs: AA Plat, UA Gold, AS MVP Gold, HH Diamond, SPG Gold, Club Carlson Gold, US
Posts: 956
Join Date: Oct 2009
Location: Land of the parrots and parrotheads
Programs: Several dozen
Posts: 4,820
There are no absolutes. But if coinage is but a fractional part of your charges and your percentage utilization of available credit lines is small, you would not have the high risk profile that attracts attention.
Join Date: Oct 2009
Location: Land of the parrots and parrotheads
Programs: Several dozen
Posts: 4,820
Volume alone is not the trigger as the high volume folk will attest.
BTW, the latest shipmint today cointained plastic roll holders. Should I sell the boxes on Ebay as antiques?
BTW, the latest shipmint today cointained plastic roll holders. Should I sell the boxes on Ebay as antiques?
Join Date: Aug 2010
Posts: 327