American Airlines credit card offers 75,000 miles

Holy smokes. What gives? I thought financial institutions were supposed to pass on the "costs of the new legislation" to unsuspecting customers. Apparent you can get 75,000 American miles for signing up for one of several credit cards (and spending $1,500 within the first 6 months):

• Visa (personal): $85 annual fee waived for the first year
• Amex: $85 annual fee waived for the first year
• Visa business: $75 annual fee waived for the first year

There's no information about the bonus miles on the sign-up pages, but readers of TMtravelworld's blog are reporting success.