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Link and terms of a similar offer that has an expiration date (12/31/09):

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Note: You can redeem 30,000 points for 4 nights in category 1 hotels + get 5th night free after 4th redemption. See more details here. You can also get 1 free nights upon account anniversary. The card has $65 annual fee.


Terms:

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The bonus amount depends on where you live. In some areas, in order to receive the maximum bonus you must sign up for overdraft protection and online billpay.

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Link for personal card




IBD note: You can exchange 20000 miles for a round trip ticket for Frontier airlines (see here). The card has $49 annual fee.

Terms:

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Note: Your cost of Sony Playstation 3 should be $250 or more to get the first $50 bonus.

You will get another $50 when you spend $200 or more at Playstation Network purchases during the first 4 months.

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Note: You can exchange 37,500 points of 40,000 bonus points for 5 free nigths at "Opportunity" level hotels (7500 points per night) until January 15th, 2010 (see here) or level 1 hotels (7500 points per night) after January 15th, 2010 (see here). The nights are not really free because the card has $75 annual fee. But if the cost of 5 hotel nights >> $75, I guess it is still a deal.

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