It would be for a points redemption.....

You may cancel your reservation for no charge
before 11:59 PM local hotel time on Mar 22, 2024 (7
day[s] before arrival). Please note that we will
assess a fee if you must cancel after this deadline.
If you have made a prepayment, we will retain all or
part of your prepayment. If not, we will charge your
credit card.

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So, does that mean there is no penalty for canceling?

Taxes and fees are $20.