Applied for my wife on the last day the $49 version was available. Got a letter saying they needed to confirm that my wife really applied. If we don't call, they won't process the application. It's worth it to us to get the card if it will have an unlimited free night once, but if it's capped at 40K points, it's probably not worth it. Not sure whether to go through with the application or not, but I realize there is still conflicting information about the status of new apps under the old card's terms.