Originally Posted by willsabstract
I would also like to point out that it is also a 2.5% cash back for your annual purchases up to $100k (assuming you spend at least $20k) which is a good deal in itself!
Too bad also that this is specifically targeted at small businesses. I realize you could declare yourself a sole prop, but....
Yeah--they don't go out of their way to be clear on this point:
Earn 1% at OPEN Savings participants or 0.5% on all other purchases when your year–to-date spend is $0-$20,000
Earn 5% at OPEN Savings participants or 2.5% on all other purchases when your year-to-date spend is $20,000.01-$120,000
Earn 1% at OPEN Savings participants or 0.5% on all other purchases when your year-to-date spend is more than $120,000
Does this mean it is a tier system and the first 20K is at .5% until you get into the sweet spot between 20K and 120K--or does it mean that once you hit 20K you are retroactively rebated at 2.5% (I doubt it!)
We'll see if there's a better explanation in the T&C when the card comes.