Thanks, it sounds like it's still possible. The 425 promo is over (deadline was Aug 31 to do Step 1) and it wasn't open to existing customers.
But even buying a GIC wouldn't be too terrible as a way to burn off Air Miles.
It's itneresting that not only is the BMO redemption ending in a week, it appears to be listed on the AM site only under "A-Z > other".
=aw