Originally Posted by Happy

From an actual case I have learned about, Chase actually is pretty good in letting you have your UR pts. In fact in a particular case when the Chase closed the accounts, the cardholder had not quite yet meet the spend requirement on the SP, but Chase actually sent a $500 check despite closing all the accounts. My guess is, banks are walking a fine line - they want to mitigate their exposures in credit risk while they need to make sure they are not sued or being complained to the government agencies for deceiving customers with sign up bonuses only at the end closing customers' accounts citing "business decision".

I have also learned about similar approach by BofA recently.