Interesting Story on NPR - Ordering Coins for Frequent Flyer Miles

Check out this link to listen to NPR's story on buying coins at face value with mileage earning credit cards:
http://thisweekinbudgettravel.com/42l

US Dollar Coin - IllustrationAlthough the days of people ordering over $500,000 at a time are long over, there are mixed reports of success today for people ordering at different levels.  My opinion is that this program will be around for a bit longer, but not much longer. The mint's program is a good way to top off an account for some extra points or to get help meeting minimum spending requirements on a new credit card for a signup bonus, but some individuals are finding ways to abuse it by ordering excessive amounts.  Although this program may be able to provide some individuals taking advantage, it cannot support everyone jumping on it.  Pigs get fat, hogs get slaughtered.

4 comments:

  1. This article is very interesting!

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  2. seems like a lot of work

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  3. I'm curious to see how this situation ends up.

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  4. [...] credit card had been around since 2008, but it has come to an end today.  As I mentioned in a previous post, this program could not really support the weight of everyone exploiting it.  It would have been [...]

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