I have never such a penalty when reserving with points. I was checking availability on a 5 night stay to attach to a 5 night certificate. I was surprised to see the penalty being incurred after one day. To make matters worse, the penalty is a charge for the room and not a lose of points.
Is this non-cancellation policy new?
About this reservation:
You may cancel your reservation for no charge until July 21, 2018. 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. This fee equals your room charge plus tax for all the nights of your reservation.
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140,000 points for 5 night will be deducted from your Rewards account.