Yes. Without the FC companion benefit it's not worth keeping permanently. I just got the card last year and was planning on keeping it until I found out that the main benefit I got it for will be cut. It's too bad for Alaska. I used other airlines before I got the AS visa card and have booked a couple of upcoming trips on Alaska and could have booked more but not now. I'll default to other airlines again.

Goodbye Alaska, it's not me, it's you.