My Capital One rep sent me an email yesterday telling me about this new offer.
I actually think the 300K offer is better since you’re earning an extra 1.5X on the 100K of spend. This offer is basically an extra 1X on 250K spend. I think this card only makes sense if you need the bandwidth to spend $250K since you’re earning 3X on that spend. Think you’d need a real business to do that kind of spend… or you’re playing the Costco game.