Does that also mean that canceling the changed reservation once it is more than 30 days out will also return all of the points?
Correct. You lose only the reservation fee.
It may help to read The Rules (linked in my last post)...
"Cancellation of a Resort Reservation:
• 31 days or more prior to check-in will result in forfeiture of the entire reservation fee, if any.
• 30 to 15 days prior to the check-in date will result in forfeiture of 25% of the currency (Open Season rental rate, ClubPoints or Bonus Points) used to confirm the reservation and the entire reservation
fee, if any.
• 14 to 6 days prior to the check-in date will result in forfeiture of 50% of the currency (Open Season rental rate, ClubPoints, or Bonus Points) used to confirm the reservation and the entire reservation
fee, if any.
• 5 or fewer days prior to the check-in date will result in 100% forfeiture of the currency used (Open Season rental rate, ClubPoints, or Bonus Points) to confirm the reservation and the entire reservation fee, if any."
...
Reservations booked with ClubPoints or Bonus Points and later canceled cannot be rebooked into the same resort for the same time period using Open Season rental rates."
...
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