Exploit your money back credit card with the U.S Mint

May 14th, 2009 | Posted in Money Back Credit Card

There are a couple of ways you can save money on your Credit Card with the U.S. Mint. But First, let me explain what the U.S. Mint is offering. Right now, the U.S. Mint is offering circulated $1 Presidential coins at face value, shipped to your doorstep free. The offer is off and on with different coins all the time. There is a $5,000 limit for each type of coin.

Now here are some ways you can use this deal to exploit or maximize your savings with your credit card.

1. Many cards will not give you maximum points, rewards, or money back until you reach a certain spending limit. Simply buy the coins, deposit them into your bank account, then pay the credit card bill when it comes in. Rinse and repeat as much as you wish. You can even make money with cash back cards.

2. Avoid 3% Balance transfer fees buy using the money to pay off higher Apr credit cards

I wish I could take credit for this ingenious idea but I stumbled upon it at slickdeals and you can visit the thread to find out which cards this deal is working on along with how long it takes to ship, etc…

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