This means, you can't apply freely any job you wish. You have to spend your connects carefully. Otherwise you will spending money. Top rated freelancers are getting a benefits here. They will have some free 60 connects.
Also, applying a job won't cost you 2 connects anymore. It can go up to 6 depending on the job.
I know many freelancers are not going to happy with this. UpWork already raised their fees from 10% to 20% lately. Now they are charging freelancers again.
But, remember this is to eradicate the spam people are getting after posting a job.
SO, what do you think about this change?