"Common sense" says 1.25 miles per $1 purchased means 0.125 miles per $1 purchased?? And does "common sense" also say 1% cash back equals 0.01% actual cash back? Cap One is what it is. No need to make excuses for defend or deny a misleading (or contradictory) presentation. Reading a thread here or there when the flyer talk newsletter comes every week, I get the sense of a lot of company types (and volunteer lawyers), which is perhaps not surprising since the heaviest air travelers typically work in or for businesses and thus reflect that realm of perspective.