This is a long thread and I've had some time to consider my situation and have come to a few conclusions...

I've been a PM for the past 15 years. I always hold short of anything that would get me to DM. Even during 2020 I had already qualified for PM for 2021 before all of the COVID MQM measures put in place. End of this year I'll have about 125k MQM to convert to MQD under the new program. That gets me 12,500 MQD and my DL Reserve would get me another 7,500 if I decide to go for the 75k threshold. This is even before stepping on a plane.

For the SkyClub I have the DL Reserve and AMEX Plat, and I won't have any issue passing the $75k annual spend on each card for unlimited SkyClub access. However, I have an Executive Membership because I often travel with colleagues and clients and I'll likely keep this for that reason.

PM will be easy to get for 2025 and unless something crazy happens with SkyClub membership prices, I'll still have that as well in 2025.

The real question becomes what happens in 2026. I'll say this, once I hit DL status I'll definitely buy tickets elsewhere. I'm not hub captive and I can easily hop on another carrier. I often buy F fares, so I'll spend more time shopping for the best options instead of staying loyal just to DL. Because of my CC spend, I'll likely rely less on flying to hit status with DL and more on just spend. I think there will be a big change in the Medallion ranks in 2025, so it's too soon to tell how that will impact the Medallion experience. To me, the free bags, C+, seat selections, IROPS, Skyteam Elite+ all still have value. It will be interesting to see if that holds true.