When stacked with a home depot coupon I feel like this is a decent value for points redemption. There are only a few gift cards that are eligible – Crate&Barrel, CB2, itunes, Home Depot, Williams&Sonoma, Walmart (but even with the 20% discount you’re still only getting .87 cents per point on the walmart egiftcard, so it’s not a great deal IMO).
Reference: https://global.american