<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Aphrodite91:
I don't see why miles credit card should care if you're doing this sort of thing. They charge the merchant a certain fee per transaction and this fee is taken whether you buy gift cards or merchandise so they earn the same amount of money either way. </font>
Maybe because it's tantamount to a cash advance, which is reportedly riskier for the issuer than purchases. For example, AMEX treats the purchase of a CharterOne giftcard as a cash advance rather than a purchase.
In any event, one wonders how long the program CO will last.
EDIT: ananthar beat me to it
[This message has been edited by richarddd (edited Jan 27, 2004).]