That means they will take the points (or if Globalist booking without sufficient points they will make the reservation for you), but from the time you book, if you cancel the reservation at 31 days or more prior, your credit card will be charged 1 night room and tax at whatever the rack rate is on the date you cancel. If you cancel at 30 days prior and less, you will be charged 100% to your credit card, rack rate. Proceed with caution!