Originally Posted by
gloobnib
As I read the new language, you will not be capped at $2500 RD per year. You will be capped at $2,175 + $65 = $2,240 Redeemable Dollars and 1% thereafter. You only earn 5% for dollars 6,501 through 50,000. This also means it is a terrible idea to mix in non-5% spending since your cap is at $50,000 for all spend.
Am I reading this wrong? I'd love to be wrong here...
The way I read the new terms it is more profitable to spend the first $6500 in the other categories earning .5% once you hit that threshold then spend the $50,000 in the Everyday categories.
You only earn $32.50 on the first 6500 but you will then earn the full $2500 on the 50000 cap