As many of you probably know, the US Mint lets you buy dollar coins at face value with free overnight shipping with your credit card. In other words, $1,000 in coins earns you 1,000 (or more) points on your favorite loyalty credit card. Now, the Mint used to have virtually no restrictions, so people often ordered tens of thousands of dollars worth of coins in a month. For whatever reason, I didn’t consider the offer worthwhile at the time.
Then a while back the Mint tightened the rules a bit, only allowing you to purchase $1,000 worth of coins every 10 days, unless you apply for an “exception” (which I haven’t). The funny thing is, I’ve actually gotten back into “the game” since they tightened the rules. At the same time, many would argue it’s not worthwhile anymore because of the small amounts, but I argued it wasn’t worthwhile back then (simply because dragging $5,000 worth of coins to the bank at once will “kill” the deal for many of us pretty quickly, since many banks will stop taking them after a while).
Anyway, with $1,000 worth of coins every 10 days, we’re looking at about 36 orders every year, or 36,000 miles. If you’re using the Hilton Surpass card, that’s almost Hilton Diamond status (which is earned for $40,000 in spend). If you’re using an SPG card, I would value those points at over two cents each, so you’re basically looking at an extra $800+/year in rewards. Well worth it, especially if, ahem, “spending” the coins doesn’t take you any extra time. I go to the place that I, ahem, “spend coins” anyway once or twice a week, and I’ve never had a problem bringing in a relatively small number of coins ($500-1,000) each time.
So an extra $800+/year for basically nothing is quite nice, in my book!