• db2@lemmy.world
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    2 hours ago

    Pretty expensive toilet paper.

    There was a thing where you could buy dollar coins and pay with a credit card. They were sold at face value and the card would give a percent cash back, resulting in a net gain. They closed that loophole though.

    • Today@lemmy.world
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      2 hours ago

      Looked at doing that to get miles but it’s considered a cash advance and there’s a fee.

      • ninjakttty@lemmy.world
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        19 minutes ago

        No that was the thing, it was a purchase not a cash advance. Most importantly there was free shipping on the coins. So what people were doing was buying the coins with their CC then depositing the coins in the bank to pay off the bill, thereby getting you free miles from your card, at no expense to you.

        I believe the reason this promotion existed was an attempt by the government to get the dollar coins into circulation, but ended up being cobra effect situation because then the banks were just sending the coins back.