It depends..say part of it It was an exclusive card that gave you 20% off dining instead on 10%. That would be worth it for us…like TIW, but for DVC only.
There are plenty of things they can do that might work well
Or more likely, they keep the existing dining and merchandise discount, charge you $ for it to remain the same and cut it in half for the free perks. They aren't going to give away more $ off their bottom line.