interestingly they list "Earn 2% cash back on the first $25,000 spent in combined purchases each account anniversary year*" do you only get points once a year?

interestingly they list "Earn 2% cash back on the first $25,000 spent in combined purchases each account anniversary year*" do you only get points once a year? 25k doesnt seem that high for 2% back limit especially for a business?