Seems like a pretty smart competitive move against Amex. 1.5x everywhere with no fee and no fiddling beats Everyday at the low end of the market for just about anybody, and CSP + a 1.5x everywhere Freedom beats EDP or PRG for most people in the mid-upper part of the market, at least those who use Chase partners. Personally, I'd probably end up giving Chase more spend, earning roughly the same or fewer points, and being happy with the change because it would simplify my wallet a lot. Just as long as they don't force any conversions until after the grocery and restaurant quarters....