How much do you spend on the card?
I honestly don't recall, but since the pandemic the spend has been quite minimal at $150 tops a month, but usually around $20.
Before, I was probably putting a good $1-1.5K on it each month, if not more.
The offer will allow me to downgrade CSR for a year and retain 3X travel/dining (plus Amex partners are better excluding Hyatt).