Originally Posted by
darthbimmer
The bonus points post with a statement. Chase technically reserves the right to "claw back" (as we call it) points retroactively but in practice does so very rarely, only in extreme cases. Thus you are fairly safe if you cancel as soon as the points post to your RR account.
While they may claw-back UR points, how would they claw-back Rapid Rewards points?
There have been numerous posts here over the years where people have canceled a card after the Anniversary Points posted but before the annual fee was due and kept their points.
As I understand the card agreement the Anniversary Points are a reward for having the card for the past year, not conditioned on keeping the card for the next year.