Thanks! I didn't know that - never saw the fine print - just saw the 5x on air on the application page and never actually looked through my statements until today. The earning really is rich considering TYP are worth at least 1.25cpp when cashed out for travel and a lot more if transferred to airlines with bonuses. I guess it is an expensive card once the AF goes to $495, but for those of us grandfathered into the $350 AF for another year, it's effectively $100 after the $250 air travel credit and that's before a retention offer...