Many moons ago, you could buy Presidential $1 dollar coins from the Mint using your credit card. This was a great way for card holder to basically get cash back or reward points for “free.” The only cost to you was that you’d have all these dollar coins that you’d have to spend or otherwise deposit back into your bank. Banks hated this. I purchased a batch so we could use them at our local bagel shop, farmer’s market, and other places where you could use credit. After doing this once, I realized how much of a pain it was and so when you couldn’t buy the coins anymore, I wasn’t that disappointed.
Well, it turns out there’s another way to spend without really spending – American Express gift cards. The downside to this strategy is that buying the cards comes with a fee. Normally that fee is $3.95 so you have to wait until there is some kind of promotion.
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