Pickles Scamming the U.S. Mint/Credit Card Companies/Airline Industry all at once?!?

[DanMa1156]

In short: article about buying coins at face value; no shipping charges = using credit card companies to get frequent flier miles, then paying them off with said coins.


And the pickles part:

One FlyerTalker, identified by his online moniker, Mr. Pickles, claims to have bought $800,000 in coins. He posted pictures of the loot on FlyerTalk. He says his largest single deposit was $70,000 in $1 coins. He used several banks and numerous credit cards. He earned enough miles to put him over two million total at AMR Corp.'s American Airlines, giving him lifetime platinum-elite status -- early availability of upgrades for life and other perks on American and its partners around the world. He also pumped miles into his account at UAL Corp.'s United Airlines and points into his Starwood Preferred Guest program account.

Well played.

 

[Godspeed]

That is pure genius... Perfectly legal, and yes, well played.

 

[jbuck387]

awesome idea, may be using the American Express to rack up some miles.

 

[scoolbubba]

Funny how its unethical to take a credit card company for everything they offer, but when they jack your rate it's 'nothing personal, it's just in the fine print.'

Read your fine print next time, Mastercard.

 

[m26]

awesome idea, may be using the American Express to rack up some miles.

Good luck with that. I had a brilliant idea of a similar nature with my Amex... not to say too much, but it didn't work.