- "money-backable" amount is capped at ~$1200. MB rate is still 1%.
- no more 3% money-back on gas and groceries. It will be 2%, BUT for $400/month IF these $400 are spent within the first $1200/month.
They offered me an option of "upgrading" my Smart-Cash to World MC. World MC does not have the limit on the "money-backable" amount, BUT there is no 2% on gas and groceries either.
It looks like the Capital One World MC is the best option nowadays (2% on everything in airmiles, no cap).
Just my 2 cents.