that was definitely not so smart on your part...loose $1200 worth of points to save $95
Does reinstating your account get you back your points?
Try calling and explaining the situation.
it was an honest mistake so I would use this advice.
And you think the OP did it on purpose? It was a mistake. No need to rub it in
I'm a little confused. I recently got my first Ink card to get the 80,000 UR points. If you cancel the card you lose your points? Does that mean you should transfer them into something else first and then cancel?
Yup. For example the OP has another Ink card where he should have transferred to points to and then cancel. If you don't have any other Ultimate Rewards account you either need to open another card first or transfer them out completely to one of the airline or hotel programs.