No. Credit cards typically give one point per dollar spent

500 points per cardholder = $500 spent per cardholder. Did I miss
something in the math?

Yes - you get points worth one cent per dollar spent. To receive $500
worth of points you need to put $50,000 through the account.


My Amex Delta card gives double points on all regular purchases at grocery
store, postage, gasoline, etc. Plus they're always handing out extra
points for buying your ticket at Delta.com, or some other promotion.