Here's an article (somewhere in the bowels of this system, there's the actual Marriott press release)
Here's some more stuff
As someone who flies American pretty much exclusively, this is pretty awesome. I'm not sure about the direct mileage accrual rates relative to the conversion rates, though; it doesn't quite add up to me.
For example, at FFI, and factoring out the credit cards, you earn 10 points per dollar, plus bonus points for elite status. Or you can earn one mile per dollar. But with enough points, there's a minimum 5/1 conversion rate from points to miles (gets better if you convert more points).
After some digging, I found the page that allows for the conversion, and didn't see any restrictions, only that it could be a slow process (says six weeks).
Am I missing something here as to why people would go directly to mile accural, instead of converting at the right time, other than uncertainty of if the program will last (given it's gone away before)? If not, it looks to make much more sense to accrue the normal points, and then convert to miles when a trip is on the horizon.
Just got his offer. But the $450.00 (ouch!) annual fee seems high.
Apply now, get the card and earn 60,000 American Airlines AAdvantage® bonus miles after making $5,000 in purchases within the first 3 months of cardmembership1. Citibank Online Consumer Card - Enter Information
This is your passport to a world of luxury benefits:
Enjoy these VIP benefits and more for an annual fee of $450**
I already get admission to the Admiral's Club with my Amex Plat. card. But since AA is back with Marriott, I will be dumping Delta and I may consider switching from Amex to Citicard. Any thoughts??? Fees for both cards are about the same.