SO IT IS A BAIT AND SWITCH? I have the receipts and sources to back this up from Cursor Founder Michael Truell. It looks blatantly like Cursor without much public discourse or acknowledgement set up a new set of plan terms (not just pricing) that moved all pro/ultra users from the guaranteed request based plans that we signed up for (some annually) to compute limits plans based on direct API usage with only $20 or $60 to spend + a subpar auto mode. This is why everyone is burning through their tokens so fast, it’s API fees not request limits.
It’s also likely that there is a huge spike in cache read / write tokens that is further spiking up costs for everyone as clearly validated in this post: Unofficial Community Discussion to Give Fedback on Plan Rates - #7 by mokhir
So without really making sure people knew, they silently pushed people to a plan worth 10% of usage value of the plans we originally signed up for and were told we would have in our sign up invoices..
Michael Truell, the founder is acknowledging this here:
Link: Updates to Ultra and Pro | Cursor - The AI Code Editor
Interestingly Michael also said that “Existing users can choose to stay with the “500 request limit” method if they prefer”, which is what we are all asking for to actually get the same amount of requests we’ve already been paying for.
I for one, will require that as an existing user I stay on the 500 request limit method permanently, as offered by Michael.
I assume this is why the staff is refusing to answer the basic question as to why people are burning through their tokens so fast and being billed hundreds to thousands of dollars in usage fees. The reason is because they apparently chose to bait and switch their users to a plan with 10% of the usage value. This is why they will justify the cache read and cache write as being accurate, but always skip over answering why people have 10% of the usage they were paying for and contractually obligated to.
Additional Michael is still claiming that “Based on median token usage, the Pro plan currently covers about 225 Sonnet 4 requests, 550 Gemini requests, or 650 GPT 4.1 requests, and the vast majority of Pro users do not run out of their included usage.”
Link: Clarifying Our Pricing | Cursor - The AI Code Editor
However everyone I’ve seen complaining is only getting 10% of those claimed requests amounts. If we actually got those request amounts that would have all been fine, but to be left with 10% of what we signed up for and paid for is deceptive.