Atlantic bucks...

[G200_PILOT]

They couldn't have made the new rules any more difficult to understand if they tried. As a result of the new rules, one must accumulate atleast 40 certificates before any funds are placed onto the AMEX card. Add to that, they expire on the December 31st of that year, and they have made it very tough for some of us to get use of the card.

As a result, I'm looking for someone that would like to trade Atlantic Bucks for cash. It could go either way but keep in mind that the certificates cannot be transfered once they've been entered into the system.

I currently have 18 certificates that have been approved. That means I have to find 22 more REALLY FAST or they'll end up being worthless on December 31st. If anyone has and bucks that they haven't entered into the system yet and would like to trade them for a cash value, let me know.

In the future, I'm also looking for someone who wants my certificates. I really don't feel like dealing with the hassel that these new rules have created. If there's someone here that accumulates A LOT of bucks and wants some more, PM me and we'll work it out.

Thanks a lot!

 

[NJAPLT]

I will send you a PM, I don't have 22, but I have 18 myself that have been not been entered into the system yet.

 

[G200_PILOT]

Thanks for those that have PMed me. It looks like I have the 22 I need in order to use the card.

Thanks!!!

 

[rettofly]

I just give mine to the FO. At least one of us gets a shot at making the cut.

 

[Photoflight]

I think I've got 18 more as well if you want a deal on em

 

[cherry20's]

Shoot, send me all your unwanted Atlantic Bucks! I'll take them. :beer:

 

[G200_PILOT]

Shoot, send me all your unwanted Atlantic Bucks! I'll take them. :beer:

If you're serious, then let me know.

Thanks for all the replies. I was able to reach the $200/40 coupon limit and I am now able to use the card again. From here on out, I will NOT use the coupons. If you want to buy them, we'll make a deal. The way tyhey have the system set up now, only the frequent Atlantic customers can benefit from it. Never thought I'd fuel around them, but I'd rather get AVTRIP points now. All those bonds are going away for the kids' college.

 

[gutshotdraw]

All those bonds are going away for the kids' college.

Bwaha bwahahaha bwahahahahahaha

If you think those bonds will be worth enough in 20 years to pay for your kid's college......

You're better off cashing them in for 50% of face value as soon as a year has gone by since they were issued and investing the cash in, say, gold.

 

[G200_PILOT]

By no means do I think thore bonds will pay for college but it's something that I never think about. They just sit there and will be there collecting SOME intrest over the years. I got my first one about ten years ago and have collected them ever since. Who knows what they'll be worth in 10-15 years. We'll see.

 

[say again]

Bwaha bwahahaha bwahahahahahaha

If you think those bonds will be worth enough in 20 years to pay for your kid's college......

You're better off cashing them in for 50% of face value as soon as a year has gone by since they were issued and investing the cash in, say, gold.

It's free money, and less you have to pay when they do go. Smart move. It's a college fund...you do know what that is??

 

[gunfyter]

I think I've got 18 more as well if you want a deal on em

I need 19 more... I already entered the first 21. Would be happy to PayPal for them.

 

[gutshotdraw]

It's free money, and less you have to pay when they do go. Smart move. It's a college fund...you do know what that is??

The point is, redeem them as soon as you are able for 50% of the face value and invest the cash. If you're saving for a kid's college, put it in a 529 account. You'll do waaayyyy better than waiting for the full maturity of the EE bond.

 

[G200_PILOT]

Thanks for the tip. I just called and found the web address to where you can log in all the serial numbers and see how much they're worth if you cash them all in today. I may just pull the money out and hide it under my pillow. That seems to be the safest place these days.

 

[RTRHD]

Thanks for the tip. I just called and found the web address to where you can log in all the serial numbers and see how much they're worth if you cash them all in today. I may just pull the money out and hide it under my pillow. That seems to be the safest place these days.

What was the website?

 

[gutshotdraw]

It's 50% of face value plus a buck or two depending on how long you've had it. You have to wait a year from date of issue to redeem them. Based on present value of future dollars, I cashed in a bunch about 6 months ago to buy something that will appreciate in value as the Obama years wear on: another .45 1911 model.

 

[gutshotdraw]

And yes, RTRHD, this one is IDPA legal

 

[G200_PILOT]

What was the website?

http://www.treasurydirect.gov/BC/SBCPrice

 

[RTRHD]

And yes, RTRHD, this one is IDPA legal

Cool. Start shooting it ,like I got room to talk. LOL

Thanks G200

 

[gutshotdraw]

Gun club closed. Long story. Haven't put a round downrange since May. Can't find ammo anyway.

 

[PilotKitch]

I need 15, and will work out a deal with anyone that wants a cash buyout for their certificates? PM me if interested!

 

[Flying Biker]

You guys might want to check the rules for the Atlantic Bucks. FAQ's

http://www.atlanticaviation.com/AwardsFaq.aspx?id=9

Can I give my certificates to someone else to redeem?

No, these awards are not to be bartered, sold or gifted. They are to only be used by the flight department to which they were issued.


The reason I went and looked in the first place was I was talking to a CSR in AUS about 2 years ago and they were telling me that there was a big investigation concerning a pilot who had been getting Atlantic Bucks from different aircraft. (each certificate you get is registered under that tail number and can be looked up to when that certificate was issued) This pilot was actually a contract pilot who was flying multiple aircraft so he was cleared of any wrong doing along with the staff there at AUS. This rep was telling me that when you enter the certificates into the system, the computer is the one that will detect a possible issue and red flag it. Then the investigation will be conducted by someone at corporate.

 

[G200_PILOT]

They can investigate all they want. I talked to one of the folks at the call center and told them that I would have to see about getting some certificates from others in order to make sure the card would be useful. They said that it was OK to do. Oh well.

Mine will all come back to QS tail numbers so it's all good for now.


NOTE: I just called the awards 800 number and talked to someone there about this issue. They don't have a problem with pilots from the same company such as NJA, FLEX, or FLOPS to lump their certificates together in order to reach the $200 mark. The thing that they told me to be aware of is that if a pilot collects more than $600 worth of certificates in one year, that pilot will be sent a 1099 at the end of the year. In essence, only borrow enough to get you to the limit of getting the card. To "buy" certificates from folks or to be the one to cash them ALL in may end up costing you in taxes.

 

[G200_PILOT]

You guys might want to check the rules for the Atlantic Bucks. FAQ's

http://www.atlanticaviation.com/AwardsFaq.aspx?id=9

Can I give my certificates to someone else to redeem?

No, these awards are not to be bartered, sold or gifted. They are to only be used by the flight department to which they were issued.


The reason I went and looked in the first place was I was talking to a CSR in AUS about 2 years ago and they were telling me that there was a big investigation concerning a pilot who had been getting Atlantic Bucks from different aircraft. (each certificate you get is registered under that tail number and can be looked up to when that certificate was issued) This pilot was actually a contract pilot who was flying multiple aircraft so he was cleared of any wrong doing along with the staff there at AUS. This rep was telling me that when you enter the certificates into the system, the computer is the one that will detect a possible issue and red flag it. Then the investigation will be conducted by someone at corporate.

That investigation came about because the employee behind the counter took all the unclaimed certificates and gave them to her boyfriend/husband. She did everything she could in order to make sure that the pilots at that FBO left without remembering to grab the certificates. Her plan backfired and was subsequently fired and charge with a felony.

 

[gunfyter]

You guys might want to check the rules for the Atlantic Bucks. FAQ's

http://www.atlanticaviation.com/AwardsFaq.aspx?id=9

Can I give my certificates to someone else to redeem?

No, these awards are not to be bartered, sold or gifted. They are to only be used by the flight department to which they were issued..

Flight Department with 3000+ pilots and several hundred tail numbers.... Whats the problem again?

 

[Flying Biker]

Flight Department with 3000+ pilots and several hundred tail numbers.... Whats the problem again?

That wasn't what the original post was about. The original post was about having other people send them their spare certificates and even one made a comment about paying for them. A clear violation of the rules set by Atlantic.

I just don't want to see someone have this reward taken away from them because they thought they found away to "acquire" more certificates. The way the system works, I can see them having all their certificates revoked because they are violating the rules set by Atlantic.

Atlantic has already made it even more restrictive this year than it has ever been.

 

[Flying Biker]

They can investigate all they want. I talked to one of the folks at the call center and told them that I would have to see about getting some certificates from others in order to make sure the card would be useful. They said that it was OK to do. Oh well.

Mine will all come back to QS tail numbers so it's all good for now.


NOTE: I just called the awards 800 number and talked to someone there about this issue. They don't have a problem with pilots from the same company such as NJA, FLEX, or FLOPS to lump their certificates together in order to reach the $200 mark. The thing that they told me to be aware of is that if a pilot collects more than $600 worth of certificates in one year, that pilot will be sent a 1099 at the end of the year. In essence, only borrow enough to get you to the limit of getting the card. To "buy" certificates from folks or to be the one to cash them ALL in may end up costing you in taxes.

A group of us that flew the same planes use to do this as well and we would hold a big party and would pay for everything with the AMEX Card and that was before I heard about the issue there at AUS. Where they have an issue is if you are not part of the "same" flight department. And that was what the original post was about. This program is about the only worthwhile program we as pilots have and it just got more restrictive this year. I just don't want someone to screw it up for everyone and have Atlantic become even more restrictive by trying to circumnavigate the rules set in place.

 

[glasspilot]

I say we form a grass roots effort to simply boycott Atlantic. I would rather they have NO fuel incentive plan than have a great one and then change it to tease us all.

I say drop it all together or bring it back. You don't get to have your cake and eat it too.

So here's the idea, MIN FUEL AT ATLANTIC!. Want to be hard core? Rip up the the Atlantic Bucks in front of them and tell them you want your fuel program back. Make sure when you order your min fuel you tell them why.

If we all do this the old fuel program will come back. I know this is a pipe dream though...like asking pilots to not take Over Time when guys are on the street.

gp

 

[gutshotdraw]

Uh, sorry. 5200 gallons on a top off (double credit) last week at FRG. Couldn't tear up that many tickets if I wanted to.....

 

[gunfyter]

Biker,

G200 is in my flight department .... As I understand it ... we can do what we want with the coupons we collect within our department. If he has 18 and I have 22 ... we can put them together and split the booty instead of getting stuck with nothing.

 

[G200_PILOT]

Biker,

G200 is in my flight department .... As I understand it ... we can do what we want with the coupons we collect within our department. If he has 18 and I have 22 ... we can put them together and split the booty instead of getting stuck with nothing.

That's correct. They don't have any issues with us doing that.