UPDATE: The US Mint announced today (7/22/11) they are ending the program. Blame NPR. Many readers will recall I stopped participating in the gaming of the US Mint Direct Ship Program for credit card rewards on ethical grounds. Basically, I used to buy about $2k worth of $1 coins each month on my Schwab …
Re-visiting the US Mint Direct Ship Coin Program Read More »
I consider being able to pay one's mortgage by credit card to be one of the holy grails for a credit card rewards maximizer like myself. It's also next to impossible to achieve, especially in today's economic environment where default is a massive concern among the banks. Thus, I was incredibly excited when I thought …
Paying My US Bank Mortgage by Credit Card (FAIL) Read More »
Last September I detailed the process of buying coins from the US Mint using a rewards credit card and their free direct shipping program. You take the coins and put them in your money market account where you gain interest on the float while you wait for your credit card statement then pay off the …
US Mint Circulating $1 Coin Direct Ship Program Update Read More »
Okay, my headline is a bit sensationalistic, but it’s not far from the truth in my latest profitable personal finance adventure. You see the US Mint has a problem. It wants to replace the paper version of the US dollar with the coin version because the paper version wears out much more quickly and increases …
