Bonds for Miles? Not For Long

Bonds for Miles? Not For Long

The United States Treasury has announced that its online source of U.S. Savings bonds,, will stop the purchase of bonds with credit cards, eliminating a lucrative means of collecting frequent flyer miles.

The Web site, established in October of 2002, boasts 19,000 accounts representing over $112 million worth of bond activity.

The department said that the change is scheduled to take place in 2004.

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