this really is not too bad. after the tax it is coming out around 1.5cpm. i know my baseline value is only 1cpm based on using pay with miles or gift certs... but thanks to all the crazy offers we are well on way now to dl millionaire status and enough miles to get four of us to jnb via atl on the 777 in j for medium awards... which is worth at least 1.6cpm assuming you can find the real cheap tickets and more like 3.2cpm. so as part of reaching that goal i may dip my feet on this one.