I received a promotion offer for my existing Discover Card, a 0% APR on new purchases made from July 1, 2010 through December 31, 2010. The 0% APR on the balance is good until the last day of my billing period in January 2011, which gives me a 6-month interest-free period. This offer came in at a good time and I have a good idea to advantage of it.
Make Money Combo: Discover Card 0% APR + US Mint $1 Coins
Use the Discover Card to purchase Presidential Dollar Coins from US Mint. The purchases will be charged dollar-to-dollar, which also receives Discover Card cashback Bonus, and the purchases will be interest-free for six months. It is like a 0% balance transfer, except with cashback and without the balance transfer fees.
I have a credit limit of $4,800. I could purchase 4,800 coins with free shipping and rack up 4,800 credit card points. I can either deposit or spend the coins.
Related: Credit Cards