75000 miles for $5000 spend basically (70k + 5k from spend).
Comes out to 15 miles per dollar, which is pretty good regardless. Also if you value $100 to be 10000 miles, then that's 85000 miles, which comes out to 17 miles per dollar

Also, I think the approval process for this card is essentially AUTOMATIC with the exception of those with delinquencies on their accounts.

I've tried applying one of my relatives with a fairly horrible credit (no delinquencies but late/missed payments, consolidations) just for kicks and they actually APPROVED it. Goes to say the approval is pretty loose on this offer. May help some people trying to squeeze out extra miles ^^