<yawn> This merely increases the value of Pay with Points from $.01 to $0.012 per point.
Agreed that it's still a dismal redemption ratio, but for people who use pay with points, it's certainly better than it is now.
This guy would have gotten 13k points back.
I got a new idea for added benefits especially since centurion CO status is probably going bye bye - how about centurion cards earn 2MR points per dollar spent! Ok...I'll keep dreaming..