While this sucks, big time I was expecting it, it is atleast
Tiered for elites to benefit, but I will now have to evauluate if it still makes sense vs some other cashback cards. Previosuly I calculated the value to be about 2% cash back but now it will be significantly less...

i wish they would offer a "premium" version with higher annual fee off set by offering say 1.6avios/eur and 1 tier point per 1€ 😉 perhaps added with milestones say 1 upg voucher for every 40k spent etc...