Originally Posted by
redfrog
Does anyone have a Bask bank account where you earn AA miles instead of regular interest? If so, how often do they adjust the mileage / $ ratio, which seems to be 2.5 miles/$ right now. If interest rates go down in September, will the mile/$ rate also be lowered?
Looking at the 20k AA mileage offer for signing up for a new account offer that's going through end of month. Anyone else do this offer? What was your experience? Thanks!
I think it's a no-brainer to get the signup bonus if you don't have the AA mileage account. Besides the potential tax benefit (an AA mile earned is taxed as if it is worth 0.42c), the AA earning rate (currently 2.5 miles/$/yr) is unlikely to be reduced as frequently as interest rate on its regular savings account, which is likely to trend downward in the next few months.