your treasury? The Finch Formerly Known As Gold

22 November 2005

What's in your treasury?

The city of Port St. Lucie, Florida is charging the cost of a new freeway interchange on its Visa card.

There's a $6 million limit on the card, which must be paid off monthly. The estimated $24 million price of the road work, once completed, will earn the city $125,000 in reward credits from Bank of America.

Vendors apparently don't mind: they get paid a lot faster than they would otherwise.

(Via Fark)

Posted at 10:35 AM to Common Cents

TrackBack: 11:05 AM, 22 November 2005
» Charge It! from Bit Decay
What an interesting idea!Via dustbury. ...[read more]

Is the city going to pay 15 to 20 percent interest on the unpaid balance like the rest of us? If so, they're getting hosed.

Posted by: Mike at 12:25 AM on 23 November 2005

They don't have an unpaid balance: they fork over the entire amount of the statement every month.

Posted by: CGHill at 7:14 AM on 23 November 2005