I should have been more clear. You are right, by steady state I meant the year after the transition from rollovers to head start and into the future which is for the 2027 benefit year onwards.

I agree with the sentiment that the transition implementation has been unfair but it is AC's game and their rules. We can either adapt to the new rules, change airline travel loyalty or become true free agents.

Our household will adopt a hybrid model as there is no real benefit to us (based on the MBs that are of value to us) from AC total spend (flights, cards & partners) beyond 140,000 SQCs as excess SQCs decay violently after year end so travel beyond that will be completely dependent on fares and schedules.