So a couple notes. I called up Chase to get more details around the pts bonus. They said they are having system issues and the user can only see the bonus if they go to their website (it's targeted).
If you tell them you are considering cancelling the card they will offer you a $90 statement credit right there on the spot with no restrictions (score!).
I am going to keep the card open for a couple months. My card anniversary is next month so I want the free room certificate and 15 nights bonus. Then after that I plan to cancel the card and get the new one to try and get the 100k bonus offer. Hopefully it's still around.