I hear a lot of the complaints about the rewards.
You can kinda compare the annual pass to the premium membership (extra 5$ a month) since there are no blockout days and has free general parking.
If you forget that rewards were ever on there, you still are getting Christmas Town included in the membership, which annual pass doesn't have, and the two free guest tickets, which accounts for the cost difference. AND you get admission to Water Country, which the annual pass did not include (1 park pass for 12$ a month).
If they had never announced rewards were a thing, nobody would have complaints and they would see the whole membership thing as just fine, since they either did this or raised the price of the annual pass.
Just be glad you even GET rewards. I got an annual pass this year right before they announced memberships and I am so jealous of the perks the membership has, of being able to go to Water Country, bring guests with them, have the occasional free snack or something in the park.
Seems worth an extra 5$ a month to me, considering one month was literally a 10$ off coupon. The rewards alone almost account for the price difference if you do the math.