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Re:Disclosure: Unlimited Chase Ultimate Rewards Points by ic4l on Wednesday November 04, 2020 @12:00PM (#24990783)
Before I proceeded to confirm that this was indeed a massive issue they said this to me:

"Can you also confirm if this allows additional points to become available for use?"

This was why I had to remove the negative points, and make a transfer to prove that they indeed could be used.

Re:Disclosure: Unlimited Chase Ultimate Rewards Points by cosmie on Wednesday November 04, 2020 @12:40PM (#24991195)
I could definitely see that. Your $70k+ worth of travel estimate would have cost Chase $100k+, as airlines charge credit card companies about 2¢ for every point transferred[1].

[1] https://www.forbes.com/sites/advisor/2020/07/15/how-airlines...