I've liked this card and felt it was a good value for the benefits given the annual statement credit and miles. But I have two other United cards so I was debating renewing this year, but was given a $100 credit for renewing, so I did. This change is what I needed to not renew next year (unless Chase wants to keep paying me to keep the card). The statement credit was like cash: I could either wait, in which case Chase would cut me a check, or I could spend that amount and earn miles on it. Adding to my already stuffed travel bank is not what I need, particularly with a 12 month expiration.