Frequent Buyer Miles
December 9, 2009
The United States Mint, in an effort to get more $1 coins into circulation made a very unique offer – free shipping. Since the pieces are legal tender and not collectibles they (by law) were sold at face value. The idea was to help car washes, banks, vending machine companies, and the like, easily obtain the coins and put them in circulation. However, some people who could be labeled as frequent flyer mile fanatics learned of the program and used it for their own gain. The plan was simple and spread quickly through chat rooms: buy the coins with a credit card that earns frequent flyer miles, deposit the coins into your bank account as soon as they arrive, write a check to the credit card company. And violá, you have free frequent flyer miles! One man claims to have used multiple cards and banks to put him over the two million mile mark for American Airlines providing him platinum-elite status for life. Others earned trips to Tahiti or simple hotel stays. click here for limerick
Enter your email address below to