Definitely not. Not even close.

But there is a tiny segment of very high spend CC users - people with businesses and the like. A lot of the recent chatter around frequent flyer programs has been about how credit card programs are extremely lucrative for airlines, and this spend is being rewarded in status programs in the US for example.

I think some people will be happy with this change as they really focus on the "frequent flyer" aspect of the program. But for me it means I'll be diverting large amounts of business spend to other cards starting next year.