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this post was submitted on 06 Sep 2026
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Today I Learned (TIL)
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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.