I traded 20k points in for Visa gift cards. Essentially cash back. The process was very easy, selected what I wanted from the site, and it was mailed to me in a few days.
If you cant figure out something you want from the site just get the gift cards and go shopping anywhere, or put it in the bank (or back on your balance if you still have one)
edit: I just checked the site and I couldn't find the visa gift cards anymore. there is a section for cash back to your account though. rate is 100:1. your points will get you $750 the cash back is a better rate than any gift card on the site.
Last edited by mikes4; 11-17-2012 at 12:10 PM.