You are, of course, 100% correct. However, the last Ritz change was an increased free-night certifivate to 85K, while the annual fee remained at $450.00.

I am fully expecting the annual fee may be increased, at some point, and am surprised it hasn't already, but I would hope that Chase would add some additional benefits to justify the increase.

There is always a chance they could drop the card entirely, and force a product change, but I would only expect that if Chase and Marriott parted ways.

I just think at this moment, the Ritz may represent a value proposition to dissatisfied CSR holders.