As mentioned, once the points are transferred from Chase to SW - they are yours, no matter what happens to the credit card. BUT, if you want to have a less expensive annual card fee - remember the 149/yr fee can actually only cost you half . . . or $75 a year because you account will get a free 7500 mile annual bonus rewards . . . which is worth 75.00 toward any gift card - such as department stores, restaurants, dvds, and others. Or, Chase will be able to downgrade your card to a 60.00/yr card, and you get an extra $30 in gift cards to lower your out-of-pocket. Keeping your chase card through a downgrade will also help you immensely in getting other Chase cards that actually can pay you $2000 in cash bonus'. Once you have the first Chase card, the other cards are easily approved . . . especially the home business cards.
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