If your a non-elite it is a $50 refund for the WHOLE record. If there are 2 people or 10 people on that record, it's $50 to redeposit the miles into your account. That's a pretty darn good deal if you ask me, I'm surprised CO doesn't stick it to ya more.

I just did the same thing, booked myself a Jan HNL reward trip, I'm 90% sure I'll be able to go but if not, $50 is worth the gamble to me ^