American Express / Continental have the promotion featured on their homepage now that allows consumers to get 500 bonus miles for a minimum purchase of $750 of American Express "currency."

American Express waives all of their fees (except shipping/handling of $5.95) for all "currency" orders made by Amex Gold and Platinum cardholders.

So as a Platinum Amex holder with Membership Rewards, can you make the purchase and accrue lots of CO miles for a $5.95 fee ...and then just cash the Amex checks to pay the Amex bill?

Example: buy $1,000 and get 1,506 miles/points for $5.95 every 14 days? (Or 9,036 miles for $35.70 ...the most possible for the promotional period ending 12/31.)