Consumer Payment Card News

Million Miles Sweepstakes

Capital One Bank has launched the âMillion Miles Sweepstakesâ for 26 lucky consumers to be elevated to the elite status of Miles Millionaire. Consumers who open a new personal or small business “Rewards Checking” account during the month of June will be automatically entered into a daily drawing to win one million reward miles. One winner will be chosen per day Monday through Saturday throughout the month of June. A recent survey conducted by Capital One Bank revealed that 47% of the consumers surveyed and 30% of small businesses were unaware of checking accounts that offer rewards. With Rewards Checking from Capital One Bank, consumers and small business owners enjoy all of the perks of a free checking account while earning miles for everyday banking activities, like writing checks, paying bills online, swiping a debit card and making ATM withdrawals. While equal numbers of consumers and small business owners (41% and 43% respectively) are enrolled in rewards programs through their bank or credit card company, one third have never redeemed any of their points or miles. And the number one reason both consumers and small business owners give for not redeeming their miles? 65% percent of consumers and 50% of small businesses say they havenât been able to earn enough miles to get what they want. However, 42% percent of the small business owners and 35% of the consumers participating in the survey said that, if they won 1 million miles, they would use the miles for travel and vacation. In addition to travel, rewards earned with Capital One Bankâs Rewards Checking account can be redeemed for cash, gift cards and merchandise items from electronics to office supplies to designer handbags. And they can be combined with miles earned on other Capital One products to help consumers and small business owners reach their redemption goals even faster. The âMillion Miles Sweepstakesâ runs through June 30, 2010, and is open to all residents of NY, NJ, TX and LA. For terms and conditions of the sweepstakes, including how to enter by mail, and more information about Rewards Checking or any Capital One Bank products, visit http://www.capitalonebank.com

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