From reading the fine print, it seems you could use this card to generate approx 12,000 miles / month (if you wanted to do this every day). Even so you could easily get the 5,000 miles / month that CO used to generate.

$5 load fee to load up to $2750. $2.50 ATM withdrawal fee for max $400 / day.

So if you took out the max $400 / day (deposited it and paid off the card you used to load it, just like CO), in one week you could get 2400 miles and it would cost you $20 ($15 in ATM fees, plus $5 load fee).

$20/ 2400 = $0.008 per mile. Less than one cent per mile.

Anyone see a problem with this?