Back of the napkin math based on my spending/redemption patterns, the new credits I think I'd actually use, and changing the floor of UR points from 1.5 cpp to 1 cpp I'm going from a net value of $1,200/year on the current card to a net value of $550/year under the new earning scheme. (At least as a floor).

Historically I've put a lot of everyday spend on the card in addition to travel given the floor of 1.5 cpp, but now that the guaranteed return is 1%, I'm thinking it might be worth getting a new 1.5% or 2% back card for everyday spend instead, and making a decision about the CSR during my 2026 renewal. I've been holding out on trying the AmEx ecosystem, but now that I'm primarily a Delta flyer these days, maybe it's time to consider switching.