Tuesday, January 12, 2010

Free Frequent Flier Miles

Ok, this is weird. If you have a credit card with frequent flier miles earning feature, then you can get free miles. What you do is go to http://catalog.usmint.gov/ and order up on your credit card dollar coins, $5000 worth, the household limit currently. You pay $5000 and Uncle Sam ships the dollar coins to you, no shipping charge. So, for a $5000 charge on your credit card, you get $5000 in one dollar coins delivered to your home. Then, you walk the coins down to your bank, and pay off your credit card with one dollar coins. Result: 5000 free frequent flier miles on your credit card.

Now we are a little late in the game, not long ago there was not limit, and people were doing $100,000 at a pop and depositing the coins in the bank. Problem there was, the bank shipped them straight back to the mint, defeating the purpose of selling (trading?) the coins directly to consumers, thus forcing dollar coins into circulation. (Coins last longer so cost less to circulate than dollar bills.)

O well, better late than never.


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