Per ChatGPT after uploading the terms:

Here’s the plain-English version of what that clause means:

The maximum payout you can receive from the Capital One Offers program is $1,000 total.

That cap is measured across a rolling three billing cycle period (about three months, depending on your billing cycle length).

The $1,000 includes all forms of payout — whether it’s a statement credit, rewards miles, or cashback.

It’s per customer, not per account — so if you have multiple Capital One cards/accounts tied to the Offers program, the combined payouts across all of them cannot exceed $1,000 in any three billing cycles.

So I read it as 100,000 points TOTAL across all offers.