<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by jeffreyt:
Why would you hold bonds only 6 mos? You'd lose all that interest as a penalty if you sold them. This makes no sense unless your only goal is to get miles. </font>
According to all the threads I've read, you lose some interest but not all. Strictly speaking, the rules say you lose 3 months, but based on timing of the purchase along with timing of your credit card cycle, you might actually only lose 1-2 months. And yes, it's for the miles. Especially now since regular money market accounts pay much less than the current EE bond rate.