It was very frustrating to get a soulbound 10 slot bag on a character that didn’t need it, and then when I took characters that did, they got reduced rewards with no bag. Not sure why the diminishing returns on a short term holiday event are account wide, but it feels pretty bad to me.
For those wondering, the rewards were 10 of each item selected the first pass, then 5, 3, and I stopped at 2. This was across 3 different characters (2 trips on 1, then 1 each on the other 2).