I guess I really wait too long. However, I doubt the benefit and reward structure probably won't last long. Thus probably I am not losing too much.
ALL programs are at risk of devaluation, including the beloved SPG program.
If they change the travelocity program, I'm just going to cancel the card. It has an annual fee, so it has to be worth it to me to keep the card. and I still have my SPG and Schwab card to fall back on.