Not saying this isn't a downgrade from Club Nintendo, but you are denying literal free money because it's not as good as the free money you got in the past. Um, yeah.
About false advertising, the other day a friend of mine bought the Persona Bundle for Persona 5. It was a bundle of DLC for the game, not including the game. That shit was a lot worse, I'll tell you that much.
They also screw over physical buyers now with less. Should be same but I understand why they want people to go digital so they get more money. Should be same though.