I'd be super-curious as to the spending profile of the Citi Exec cardholder. Other the initial bonus spending, it's definitely a sock drawer card. If someone cared about LPs, they can get the same rate of LPs with the free version of the card. The boost from $40K of spending is insignificant now that LPs are so simple to accumulate versus the opportunity cost of spending unbonused on the Citi Exec. When it was the EQD waiver, that seemed to have more value.
Truly curious - is there enough actual spend for AA/Citi to justify this card as something other folks keeping it as a cheap Admirals Club membership? Don't get me wrong, I'd be bummed if the avenue of membership went away.