If you plan on spending at least $750 to pay your everyday expenses in the near future, you may want to consider this offer. The Citi Platinum Select AAdvantage® World MasterCard is offering 25,000 bonus miles to new cardholders who spend $750 within the first four months of membership.
25,000 bonus miles can presently be redeemed for tickets for American Airlines flights worth as much as $400 or possibly even more. Most economy fares throughout the United States are available for 25,000, although the dates and flight times may be somewhat restricted.
Still, if you know you have to spend the $750 anyway, and you’re responsible with credit card usage — purchasing only what you would otherwise, paying our balances in full, and never paying interest fees or late charges — this offer might be worthwhile.
After one year, Citi will charge an annual fee for holding this card. You may want to consider canceling the card before the fee is assessed, as long as you are not concerned with the effect doing so might have on your credit score. Canceling a card is said to temporarily lower your credit score, so you’ll have to plan your strategy carefully if you intend on needing the highest possible score at the time you cancel.
In order to qualify for this deal, you must apply for the World MasterCard before June 30, 2008.
Updated February 6, 2012 and originally published June 26, 2008. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @flexo on Twitter and visit our Facebook page for more updates.
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{ 2 comments… read them below or add one }
I did exactly what this article said last year. In fact, I did it twice in a row. I bought two round trip tickets for my girlfriend and I for $5 a piece. I highly recommend this. And after you cancel the first time,when in a few months they offer you another great deal in the mail to come back with them, get the miles and cancel again.
Hi,
Does this still work, canceling the Aadvantage Mastercard before one year and sign up for a new one free of fees for one year?
I could not find the note anywhere any longer saying that in fact the $85 annual fee is waived for the first year…
Does anybody have some recent experience on this or is this first year free no longer available in 2010?