Originally Posted by ddallas

If you are asking if the idea is possible, I believe Chase has in the past. To the best of my knowledge, Citi never has. Other than claw miles back, a card company could maybe charge you fair market value of the points, or something like that.

But as others have mentioned, Citi has a well documented history of never doing this through all the heavy churning of the Citi AA cards in the past.

There isn't much of a reason to cancel quickly now if you can't get another one.