Why My Rewards Is A Game
In 2017, 19% of people had either infrequently or never redeemed their cash-back rewards. One of the main reasons for that could be that its not always easy to know how much you have and how to redeem it.
My Rewards offers the kind of transparency that credit card and bank customers deserve to have. Also, the fact that the tool recommends ways to maximize your rewards and earn more could make being a Bank of America customer more rewarding than ever before.
So, if you have enough money invested or saved somewhere else that could qualify you for the Preferred Rewards program, it could be worth moving your money over to qualify for those perks.
And if you have a Bank of America credit or debit card, its worth checking BankAmeriDeals now and then to look for deals you might want.
Final Thoughts On Free Coin Counting Machines Near Me
Finding a location near you to exchange your coins for cash may be closer than you think. If you dont mind paying a fee, a Coinstar kiosk may be the most convenient option.
However, using a bank that youre currently a customer of is the best way to exchange your coins for cash for free. Although, as provided above, you have six options:
Now that you know where to exchange your coins for cash, dont forget to use this money to improve your financial situation, such as paying towards debt, building an emergency fund, or even investing for retirement.
While you may not think your coins will add up to much, they can definitely make an impact!
Exchange Coins For Free At Banks
Although every bank will give out free coin wrappers, not every bank will accept your rolled coins if you are a non-customer.
Chase Bank happens to have rather generous policies for non-customers, who can exchange up to $200 in coins as long as theyre in coin wrappers.
If youve got more than $200 in coins, theres a simple trick: just visit multiple Chase branches.
Did you know? It costs more than a penny to produce a penny. In 2018, it cost $0.0206 to produce one $0.01 coin, according to an annual report by the U.S. Mint. The high cost of penny production has led many people to advocate phasing out the coin denomination.
While Chase will happily accept your coins, other banks I contacted will not.
Most of them have a policy of not converting coins to bills for non-customers.
In actuality, however, tellers would perform the coin exchange if the coins were wrapped and for a small amount between $10 to $20.
Again, you can use the same trick here by going to multiple bank branches.
If you have hundreds of dollars in coins, be prepared to make trips to many different banks.
Otherwise, your other option would be to just open an account with a bank that has a coin counting machine — not exactly the best option I must say.
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Tips For Buying Gold Coins Safely Online In Usa Without Risk
Buying and selling gold coins can be very lucrative if you do it right. It takes time to understand this business perfectly and you have to make all necessary decisions before you dive into buying gold coins. In the past, investors could only buy gold through registered dealers. Today buying gold is easy to do without such an intermediary and can be a sound way to invest. How to buy gold coins online using credit card in the United States may include
When planning to start buying gold coins, we suggest you go for someone who is insured, has controls in place to detect fraud, and guarantees their product. Note that a good online gold dealer should have fair prices. You have to understand the price of gold especially the day you are buying, and calculate the percent over spot price the dealer charges.
Also have it in mind that a good online dealer should offer flexible payment methods. Credit and debit cards should most certainly be accepted, as should check and wire or bank transfers. You also have to ensure that the dealer has excellent supply chains. We also suggest that you verify the dealers reputation. Take your time to research testaments and recommendations from customers or other autonomous sources.
b. Be very careful
c. Dont be taken
d. Choose your coins very carefully
e. Know the market price for gold
Advantages Of A Night Depository
Night depository services provide additional security to small businessesSmall and Medium-sized Enterprises SMEs, or small and medium-sized enterprises, are defined differently around the world. The country a company operates in provides the that deal with large amounts of cash and checks. They do not need to store money at their business locations, which will make them vulnerable to theft. Hence, the night depository is useful for small business owners who can deposit money at their convenience.
It is advisable to use a night depository instead of an Automated Teller Machine when a large amount of money and/or many checks are being deposited. Though ATMs can be used as a depository system, there are limits on the amount of cash and the number of checks that can be deposited also, they do not accept coins.
Moreover, the night depository can save the clients from any additional fees that are charged by the bank on ATM transactions over a certain limit.
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Bank Of America Credit Cards That Offer The Best Rewards
In addition to covering rewards and perks earned through BankAmeriDeals and the Preferred Rewards program, My Rewards also shows what youve earned through your credit card rewards.
If you dont already have a Bank of America creditcard, here are the top cashrewardscard options.
If you spend a lot on everyday categories like groceries and gas, check out one of our favorite cash back credit cards, the Bank of America® Customized Cash Rewards credit card.
The card offers 3% cash back on a choice category and 2% back on groceries and wholesale clubs on up to the first $2,500 in combined grocery/wholesale club/choice category purchases each quarter. Youll also get 1% cash back on all other purchases.
Here are some other highlights of what the card offers:
- A $200 online cash rewards bonus after you spend at least $1,000 in the first 90 days.
- A 25% to 75% rewards bonus if youre a Preferred Rewards client.
- $0 annual fee.
If you want a travel credit card but prefer a simple rewards program and no annual fee, your best bet is the Bank of America® Travel Rewards credit card. Its featured among our favorite travel rewards credit cards.
The card offers 1.5 points per dollar on every purchase. Heres what else youll get:
If you want elite travel perks but dont mind a small annual fee, consider the . In fact, this card is also one of our favorite travel rewards credit cards.
or read our full Bank of America® Premium Rewards® credit card review.
Take Your Coins To The Bank
As you might have guessed, one way you can have your silver coins swapped for crisp, paper Lincolns is by taking them to the bank. Sweet and simple.
However, counting and exchanging all of those coins comes at a cost. If you dont have an account with the bank, you might be charged a fee in order to have your coins changed out.
Another caveat: not all banks will exchange coins at all, so be sure to call ahead before you lug your giant jar of coins across town. One more thing to consider: some banks will only take coins that have been rolledwhich well discuss in just a moment.
PROs: Having your coins exchanged at your bank is convenient, especially if you have other matters to take care of while youre there! Whats more, if youre an account holder, you may be able to deposit the funds from your change jar right into your bank account.
CONs: Your bank may require you to roll your coins ahead of time and may charge you a fee in order to exchange them.
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How To Wrap Coins
A lot of people have coins lying around. But most companies that let you cash in your coins require you to roll them up. This is where the process can get annoying.
If youve ever tried to stuff coins into paper wrappers, then you know how time-consuming and tedious the process isespecially if youre dealing with multiple buckets containing a mix of coins. It could take you months to sit there and manually sort through them and stuff paper wrappers. Money costs time, so this approach is simply not worth it .
Unfortunately, theres no easy way around this. On one hand, you can buy a coin sorting machine like the Royal Sovereign model from Amazon, which costs about $33 at the time of writing. The main problem with this approach is that it will eat into your savings. You may not even have $33 sitting around in coins. So, its really only a good option for people who have a substantial amount of money lying around the house.
The fastest and cheapest option could be to bring your coin to a kiosk like Coinstar. While youll lose a sliver of your money, the self-checkout nature of the service means youll be able to convert your coins to cash quickly.
Roll Them Up Yourself Or Better Yet Have Your Kids Do It
While rolling coins may not be the most exciting activity, lets face it: Youre probably spending more time at home in 2020. If youre looking for something to do, this tried-and-true method remains the most cost-effective way to easily turn your coins to cash. Many banks will give you coin wrappers for free, but you can also find cheap packs in various sizes at the dollar store.
If you have young children who are trying to learn math virtually, use the coin wrappers as a real classroom. Between all the pennies, nickels, dimes and quarters youve collected, they can practice counting and begin to understand basic money values.
If youre still wary of the chore or simply dont have the patience , you could instead shell out for a coin sorter machine. Office supply stores, Walmart and Amazon sell inexpensive machines that will sort your coins into rolls for you. Once they are rolled neatly into the coin wrappers, take them to your bank and exchange them at a teller.
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Other Ideas For Your Spare Change
Make sure to keep change with you and use it at self-checkout kiosks. There are still a lot of places where you can use quarters to make a purchase, like air machines for tires, candy machines, vending machines, and the like.
There are always many opportunities where you can drop some change for charity. Think Salvation Army at Christmas or the change jars at checkout counters. Coinstar also has an option to donate your change to charities when you cash it in.
Coinstars available charities will vary by the machines locations, but they can include:
- American Red Cross
- World Wildlife Fund
Make some art or gift your coins to someone else.
When I was in high school, my grandma went through a phase where every present she gave us was a piece of art made out of change.
She did all sorts of crazy designs by arranging and gluing down change to cardboard and using bills folded into various shapes.
While you dont have to be crazy creative to gift your change, its one way to get rid of it and give a gift at the same time. Two birds with one stone, right?
Now that you know your options for cashing in your coins, make sure to use them for something good like debt payoff, a vacation, building an emergency fund, or adding it to Dave Ramsey sinking funds. While a lot of people dont think that coins can add up to much of anything, youd be surprised how much all that change can help you out!
What Banks Have Coin Counters For Free
As previously mentioned, while some banks do have free coin counters, most require you to be a current customer.
However, there are a few banks and credit unions that offer free coin counting to both customers and non-customers. Some of these banks and credit unions include Cape Bank, Republic Bank, and American Eagle Federal Credit Union.
A few banks and credit unions that offer free coin counting only to current customers include Wells Fargo, JBT Bank, UnitedOne Credit Union, Peoples United Bank, cPort Credit Union, and US Bank.
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How To Crack The Bank’s Refusal To Sell Rolled Coins
Now that you understand the reasons why banks are reluctant to order and provide rolled coins, you can learn to work with them to get what you need. Whether you are looking for mint-state rolls of Sacagawea Dollars or circulated pennies so you can sort out the copper from the zinc, the first step is to define your goal.
If your goal is to get mint-state coins, your best bet is a smaller, full-service bank that doesn’t usually deal with a lot of merchant accounts. Such banks are typically positioned as higher-end “enterprise banks,” and don’t have the free types of checking and savings accounts. But if you’re a hard-core coin searcher or like to lay up a lot of mint-state rolls, a bank of this sort will be the type most likely to order and get “new” coins. They will most probably pass the fees along to you, too, and having an account at the bank will be mandatory.
What Are Bankamerideal Coins
When you use BankAmeriDeals to earn cash back, youll also earn one coin per deal on transactions of at least $3. You may also be able to collect bonus coins periodically by completing limited-time tasks in the Available tab of your BankAmeriDeals console. When you collect a total of four coins, youll earn an additional cash-back award and move to the next level. For example, I can earn $5 of additional cash back and advance to the next level once I collect four coins.
As you earn more coins, the additional cash back youll receive is greater.
But your coins will expire and your level will reset every two months or so. Bank of America announces expiration dates well in advance, so you can plan ahead.
Related reading: Pros and cons of downgrading your credit cards right now
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Convert To An Amazon Gift Card
Coinstar will give you your funds as an for no fee. They used to offer all kinds of gift cards, from movie theaters to Home Depot, but now its just Amazon.com.
The only rule is that the eGift Card has a minimum of $5 and a maximum of $1,000. By the way, if you have $1,000 in change, you have way too much change.
The eGift card prints like a regular coin receipt except theres the gift card number on it. You can .
What To Do If You Cant Find A Bank That Will Accept Change
With fewer and fewer banks accepting change these days, you might want to find alternative free coin exchanges. The best way is to use coin machines known as Coinstar.
Coinstars coin-counting machines are in the lobbies of various groceries, retail stores, drug stores, and even some banks.
Currently, Coinstars fee is a painfully whopping 11.9% if you want to cash out your coins for paper money. Ouch.
However dont despair. The Coinstar Kiosk also offers e-gift card options that allow you to avoid that fee. The gift cards are for popular places, so you dont have to worry about getting stuck with a card youll never use.
The best part about using Coinstar? Its the easy way to get your coins counted, without having to do it yourself. To use Coinstar, throw your change into the Coinstar machine, and sit back as the machine counts your change. Then, once your coins are processed, youll be given the following options:
If you choose the second or third option, you will be able to change your coins for cash for free. The following gift card options should be available at any Coinstar locations:
- Winn Dixie
While this is in no way an extensive list of all of the CoinStar locations, you can quickly find the store locations by using the locator on the coinstar website here.
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Where To Sell Your Gold Coins And Bullion Safely
i. Sell to Jewelers
A lot of high end jewelry sellers also deal in gold coins so you can approach them and sell to them but make sure you only deal with reputable dealers and not rogue sellers as they could employ deceptive tactics to switch your original gold coins to fake ones without your knowledge and then return them to you. You need to be careful and smart whenever you decide to sell your gold coins in order to avoid situations such as this.
ii. Sell to Pawn Shops
You can choose to sell your gold coin to either a pawn shop or a jeweller. Pawn shops also buy gold coins. It is better to still take your gold to either of them even if you wont sell there so they can assess the value of the gold for you.
After you have gotten an estimated value of the gold, use the information to set a purchase price either online, or to a retailer or even individuals. Do not limit your stops to just one shop. Visit about three to four shops to make sure you are getting the right value or estimation price for your gold.
iii. Sell Online
You can also sell your coins online on platforms like eBay, Craigslist, or other online platforms dedicated to buying and selling gold coins.
iv. Sell to Your Bank
Coin trading is a very profitable investment and if you do it right, you wont regret venturing into buying and selling of coins. To ensure you get the best available bargain for your gold, the following should be put into consideration when trying to sell them off. They include