Yeah, I got the same offer. Ridiculous. These days I only use the card for some recurring payments, insurance, cable, etc. and some international charges since the payback is 1.5x. Other than that all my other spend is going to AMEX. BTW, new AMEX offer, spend $50 on Amazon and get 2000 points.
It would be nice if this card had some intermittent miles bonus, like spend $20K in 2 months for 100K or 75K miles.