That makes logical sense. I suppose the booking should be fine as long as you don't touch it. Making date or rate changes will likely lose the EDIT credit and benefits.

They would not cancel the booking (don’t you prepay if you want the credit?)

no data points yet on clawback.and I’m sure not fun if you have changes via Chase portal.

If you close the CSR within 90 days of receiving the $250 EDIT credit, it may be clawback according to Chase CSR disclosure statement:
We may reverse statement credits if an eligible purchase is returned, canceled, or modified or if you close your account within 90 days of receiving a statement credit.
We may reverse statement credits if an eligible purchase is returned, canceled, or modified or if you close your account within 90 days of receiving a statement credit.

Oh bother.:(

I was just about to book this. Oceans Edge went down to $600. Perfect, I thought, until i clicked through and its $599.xx so wouldn't meet the $600 for the Chase travel $100 credit. I guess ill wait and hope it goes back up again...
Edit:
It appears I could just add another hotel stay for the trip (I don't like the prices vs IHG direct booking) or add a $10 tour. That would out the Chase travel total over $600 which I assume would then qualify me for the $100 chase Travel credit ln $600 and Id get the $250 edit credit. Correct?
edit:
I just did the booking. I added a $10 audio tour and the charge went through as a $609.xx Chase Travel charge so I should get the $100 of $600 and then the Edit Credit $250. I see now i Could have gotten the $100 off Perry by adding some stuff to get to $600.

Looking through the Chase travel excursions, I see that renting a kayak or paddleboard in Key West for two hours would cost $28-40 and a guided kayak 2 hour tour is $75, so the Oceans Edge free bicycle, kayak, or paddleboard has value and probably is worth the extra $64 total.

Has anyone been able to associate an IHG Edit hotel with their IHG account? It always fails with "Issue updating this stay" and I'm questioning if my loyalty number is actually attached (say for pre-arrival upgrades)

If your are planning to close your card to avoid paying your next annual fee, which means that you've held the card for at least a year, then I super highly doubt any of your credits will be clawed back. There are plenty of DPs on this forum and elsewhere of people using their $300 annual travel credit when it was newly reset for the year and then closing the card shortly thereafter to get a refund of their newly posted AF and nobody ever had that clawed back. I myself have done this in the past with no issue. I'm not saying things can't and don't change and they "may" decide to enforced their terms that state that they "may" reverse statement credits. I personally just wouldn't be too worried at all. As long as the reservation remains untouched I don't see them doing anything to it nor with the credits associated with it.

I agree that Chase (and others) historically haven't enforced their own terms very strictly, but I will say that Chase seems to be on a kick of locking down the various gravy trains that have worked for years (referral bonuses, Ink churns, lifetime language on Sapphires, etc). So, it wouldn't surprise me if they get stricter on clawbacks, too. Time will tell, but I think the historic datapoints from prior to this year have a little less weight in my mind. I would just caution everyone to tread carefully for now and don't do anything that will put you in a bad spot if the worst happens. Basically prepare for the worst and hope for the best.

If you have held the card for over a year already and this is not your first renewal, I think there is a good chance you will be fine. If this is your first renewal, however, I would be more concerned.

One other thing to consider, if it matters to you, is that I have seen multiple data points where the front desk has asked for the CSR at check-in in order for the guest to receive the associated Edit benefits. I do not know if this is a strict rule or how often it happens, but I imagine the majority of people using the Edit credit present their CSR at check-in, so the issue never arises and they have nothing to mention in their data point reports.

All great points. Thank you. :)

The bookings under EDIT show "confidential" as the rate. I wonder what the folio shows? This may matter if you need to follow up on missing stay/point requests.

Focusing strictly on if Chase claws back credits or not, in the past they have been very lax about it or I might even say, clawbacks with Chase were close to non existent. I'm talking about if someone purchased an item, or booked an airline ticket/hotel, and then received a credit (from an offer or card benefit) or points bonus for those purchases and then they returned or canceled the purchase, Chase would not take back the credit or the points. So this was free money/points in the cardholder's pocket. I've personally not done this but have read many DPs of this being the case. As of a few months ago, Chase did begin to claw back The Edit credits for those who canceled their hotel booking thus disappointing many who were looking to make an easy $250 - Chase wasn't making any money from their hotel booking so they weren't going to just let the cardholder make money off of them. Besides for the point that the credit was actually meant to be used for an Edit hotel booking and if you no longer have one then you're not entitled to the credit. If you make a new booking they'll give it to you again, no problem.

However, in the case of the OP, they are NOT canceling their booking, they are just canceling the card. So Chase still has whatever they paid for the booking and therefore I don't see why they would not allow them to keep the $250 credit used against that. When you paid your previous AF you were paying to get all the benefits for the following 12 months including any new ones that would be added during that time period. So you're fully in your right to use this $250 until your next AF which resets your rights to benefits for the following year - if you renew you get them again, but if you don't you shouldn't lose what you had the right to from the previous year's AF. Benefits that are provided for a calendar year (vs cardmember year) are the same - you should get them until your next AF is due. It works this way with Amex too and they are sticklers for clawing back anything that they feel doesn't belong to you but they won't claw back credits that you legitimately got while you were still a cardholder (as an example, if you apply now for a Platinum card, there are benefits that you will be able to use in 2025, 2026 and in early 2027 until your next AF will be due and you can then cancel without fear that Amex will take any of that back).

Also, the Chase terms stated if the credit was received within the last 90 days it may be reversed, so for example I make a booking today for next July and get the $250 credit, but then I cancel my card some time in May, it's long past 90 days from today so there would be no clawback. I don't see why someone that cancels in January or February would be subject to that clawback either; they aren't doing anything differently except canceling a bit earlier because they don't want to pay the increased AF.

I got the folio of MGM hotel from Chase EDIT stay. I paid Chase $1009. Chase paid MGM $796. This is probably why they started showing it as "confidential" rate LOL. I have another stay coming up in a few weeks. I wonder if MGM will continue to show me Chase EDIT's confidential rate...

Recently had an Edit stay with Intercontinental. Received IHG points for the stay.

But also had to (what seemed to me) pay the amenity fee twice. The Edit reservation total when booked match the hotel site total rather closely - and it included the fee. Chase Travel is telling me their "Taxes and Fees" which is a similar amount does not include the amenity fee. Seems steep to pay and extra ~55/night to use Chase Travel. Will update when/if I can get clarity on this.

Just booked a 2 night stay at a Shangri-La property.
Was $987 total but they were on the EDIT list and on Points Boost.
Booking the same room directly I believe the best I could get with a refundable rate was $865 as a circle member (no b-fast or any other benefits) so was $120 higher through Chase at first glance but...

Paid $250 on my card + 36,850 points - I will get the $250 back as credit on the card so paid 36,850 points - 18,425 pts. per night for a hotel that is worth well more than I could otherwise book for that number of Hyatt, Bonvoy, IHG, Hilton points.
I was initially budgeting to pay in the $800.00-$900.00 range for the 2 night stay at whatever hotel I chose and was looking on various platforms at different hotels in that range with the Shangri-La being one of my top choices anyway; so the value is a real one to me not just a speculative value.
Plus get the $100 property credit, free b-fast which is worth approx. $120 per day at this property (not normally even an option to have included in the rate) and remain hopeful for a room upgrade to a room with a better view.

Booking is cancellable until day before stay which is nice.

And was able to add my Shangri La Circle member number to the booking so believe I will get 900+ points in their reward system. Their system allows you to redeem 15 points for $1 off bookings if you only have a small number of points can still extract something out of them. Either $60.00 credit for future stay in this case or I can redeem for about $30 in Amazon gift cards I believe (last resort) or transfer the points 1:1 to Singapore Kris Flyer points.
None of these are amazing or anything but better than programs where the points are basically useless until you have enough for a free room.

You didn't think Chase was giving about 10% cashback and Edit stay credits out of the kindness of their hearts did you?

This isn't exactly a secret. Standard agent take on hotel bookings is 10% with luxury programs (think Virtuoso, STARS, FHR, and now The Edit) adding 5-10% on top. Obviously OTAs often "credit back" a portion of the agent take to lower published pricing (as do traditional travel agents when running certain promotions, etc) but this has been the standard channel rate forever.