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If you return items, the corresponding points are deducted from your account. There are a LOT of ways around this for the savvy/slightly skanky shopper to explore. I'll leave the gory details to your imagination; however...if you make a very large purchase (say, a bike) you can use those points the following day....
NO, I didn't mean what happens to the points EARNED on the item that is returned, I meant if you use points from your account to pay in part for an item, do you lose them or are they credited back to your account?
OK- it's been a while since I had a chance to post a pic of the new bike (Song), but here it is. I hope the pic isn't too big. I had to remove the original saddle, however pretty it was (purple and silver) as it was KILLING my nether regions. That's the only fault I could find with this bike right now and I guess that would be expected by rider preference.
Once again, it's an 07 Fuji Silhouette,