Capital One Introduces MMA At 4.66% Plus Monthly Miles - Switching?

Now this is getting interesting…I just got an email from Capital One about their money market account which not only gives you 4.66% (higher than ING) but also gives you a reward for keeping money in the account - to the tune of 1 mile for every $20 of your average balance for the month. These reward miles can be redeemed for cash, travel, merchandise…and you get a 2,500 mile bonus when you sign up. So if I am doing my math right, an account with $10,000 will earn 500 miles every month? Not bad at all. I might have to think about switching now!

Posted under banking |

Share with others:  StumbleUpon |   Reddit  |   Digg |  PFBuzz |  Del.icio.us 

If you like this post then please consider subscribing to my full feed RSS. You can also subscribe by Email and have new posts sent directly to your inbox.

You might also like:

Your frequent flyer miles might be expiring December 31.

Money Quote Friday - The Gandhi Edition.

Seems Rewards Cards Do Have Their Benefits After All.

Capital One Sent Me $30,000 - What Should I Do With It?

Tax Law Changes In Store For 2008.

The Start Digging Out Of Credit Card Debt Challenge - Week Three.