Well first off, I would say check and make sure the Capital One NO hassle Miles ultra card has no annual fee since their website shows a $39 annual fee. Maybe the annual fee is waived only for the 1st year. Secondly, the card offers double miles on all purchases, however, these miles cannot be transferred to American Airlines so that doesn't seem to help you reach your stated goal of getting 1,000,000 American miles. Thirdly, the card is meant for professionals who travel frequently for business. Thus capital one explicitly states in the terms and conditions I see online that "The No Hassle Miles Ultra MasterCard is intended to be used for business-to-business purchases only.". Lastly, the miles are not like your typical airline miles where you can redeem 25,000 miles for a ticket w/i the continental US but rather have no blackout date and no restrictions but it takes 125 miles to get $1 off of a ticket. For instance if you bought a ticket for $100 it would take 12,500 Capital one Ultra miles ($6250 in spend). If you got a $400 ticket it would take 50,000 Capital one Ultra Miles ($25,000 spend). You can redeem for any dollar amount off the airline ticket but each dollar requries 125 ultramiles. So it is comparable to the airlines credit card with no blackout dates but you must remember that only the dollars you spend on the card count toward the miles. Also, the miles will expire 5 years from the quarter in which they were earned (unlike regular frequent flier miles which don't expire). Also, Capital one is known to give pathetically low credit lines, terrible interest rates, and not report your credit limit to the credit bureaus. Also, they are often extremely stingy with credit line increases if you are even able to get one from them. Additionally, they have changed their airline rewards cards so frequently that I can't even keep track of the redemption levels for the rewards, the names of the cards etc. Also, I would check and make sure in your terms and conditions that it does say 125 miles for each dollar redeemed toward an airline ticket because in their previous program depending on who you were the solicitation had varying number of miles per dollar from 70 to 90 which makes a big difference in the redemption value.

Hope this helps.

JC

S