Comments on: Buying Cash to Max Out Your Credit Card Rewards http://www.creditaddict.com/archives/buying-cash-to-max-out-your-credit-card-rewards/ feeding your credit card addiction... Fri, 27 Jan 2012 05:46:14 -0500 http://wordpress.org/?v=abc hourly 1 By: Anon http://www.creditaddict.com/archives/buying-cash-to-max-out-your-credit-card-rewards/comment-page-1/#comment-1631 Anon Fri, 27 Feb 2009 17:47:06 +0000 http://www.creditaddict.com/?p=517#comment-1631 Good idea, but just be sure that the transaction doesn't get recorded as a cash advance by Amex. I'm not familiar with Amex Blue Cash Rewards, but I know some CC issuers treat buying travelers checks, for example, as cash advances rather than point-of-sale purchases. Apparently people were purchasing travelers checks and depositing them into their accounts just so they could get the cash back reward. If the transaction is treated as a cash advance, not only does the cardholder not get the cash reward benefit, but he or she then winds up being hit with the immediate high interest charges and fees. Not sure if that applies here, since this is purchasing coins from the US Mint and after all, they print the money! So who knows? Someone please update as to how it works out--thanks-- Good idea, but just be sure that the transaction doesn’t get recorded as a cash advance by Amex. I’m not familiar with Amex Blue Cash Rewards, but I know some CC issuers treat buying travelers checks, for example, as cash advances rather than point-of-sale purchases. Apparently people were purchasing travelers checks and depositing them into their accounts just so they could get the cash back reward. If the transaction is treated as a cash advance, not only does the cardholder not get the cash reward benefit, but he or she then winds up being hit with the immediate high interest charges and fees. Not sure if that applies here, since this is purchasing coins from the US Mint and after all, they print the money! So who knows? Someone please update as to how it works out–thanks–

]]> By: Vaughn http://www.creditaddict.com/archives/buying-cash-to-max-out-your-credit-card-rewards/comment-page-1/#comment-1626 Vaughn Wed, 25 Feb 2009 22:42:17 +0000 http://www.creditaddict.com/?p=517#comment-1626 Hi Addict, I don't see that shipping is free. The standard shipping option which takes 1-2 weeks costs $4.95 I tried ordering 2 of the 2008 Circulating $1 Coin Direct Ship Rolls - Andrew Jackson (Y07). whoops, nevermind the shipping is deducted on the next page. Hi Addict,
I don’t see that shipping is free. The standard shipping option which takes 1-2 weeks costs $4.95

I tried ordering 2 of the 2008 Circulating $1 Coin Direct Ship Rolls – Andrew Jackson (Y07).

whoops, nevermind the shipping is deducted on the next page.

]]> By: Corporate Barbarian http://www.creditaddict.com/archives/buying-cash-to-max-out-your-credit-card-rewards/comment-page-1/#comment-1623 Corporate Barbarian Wed, 25 Feb 2009 18:27:20 +0000 http://www.creditaddict.com/?p=517#comment-1623 What a clever idea. I never thought this was possible. Thanks for the tip. What a clever idea. I never thought this was possible. Thanks for the tip.

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