וַיֹּ֣אמֶר אֱלֹהִ֗ים אֲבָל֙ שָׂרָ֣ה אִשְׁתְּךָ֗ יֹלֶ֤דֶת לְךָ֙ בֵּ֔ן וְקָרָ֥אתָ אֶת־שְׁמ֖וֹ יִצְחָ֑ק וַהֲקִמֹתִ֨י אֶת־בְּרִיתִ֥י אִתּ֛וֹ לִבְרִ֥ית עוֹלָ֖ם לְזַרְע֥וֹ אַחֲרָֽיו׃
האָט גאָט געזאָגט: פֿאַר װאָר, דײַן װײַב שׂרה װעט דיר געבערן אַ זון, און זאָלסט רופֿן זײַן נאָמען יצחק; און איך װעל אױפֿשטעלן מײַן בונד מיט אים פֿאַר אַן אײביקן בונד צו זײַן זאָמען נאָך אים.
Kedushat Levi
Once we appreciate this we can also understand why in parshat Lech lecha prior to Avram being commanded to circumcise himself, G’d promised him that he would father a son from Sarah. (Genesis 17,15-16) This meant that the reward for all the commandments Avraham would perform subsequently would not be offset against accumulated merits in respect of miracles G’d would perform for him. These “miracles” would be viewed as fulfillment of what G’d “owed” him, i.e. promises made but not yet fulfilled.