[tobyjsullivan]

Where did the parent suggest there was compounding? I read it as 2% of the purchase price, on a 3-month term. 2% * 4 = 8% annually, without compounding.

[RC_ITR]

Yes. But let’s break this into first principles.

You get $200 rewards on a $10k purchase.

In no world do you get $800 on $10k. You only get $800 on $40k because the 2% isn’t a rate in principle so 8% literally never happens.