In November, Old Kent Financial Corp. will ground a popular enhancement of its credit cards that awarded frequent-flier discounts redeemable on any airline.

The Grand Rapids, Mich., bank company had introduced CardMiles in January 1995 without an annual fee and with generous redemptions. So many people took advantage of the deal, however, that this summer the company imposed an annual fee. Then last week, it decided to discontinue the program.

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