Choice Privileges Rewards points have some annoying limitations to them but at ~ 0.48 cents each they're pretty cheap and, even if you can use them for hotel stay, they may be good value for conversion to airline miles if a good conversion bonus comes up later in the year. (travelingformiles.com)
It's all very well American Airlines offering a sweet conversion bonus but if you end up converting a highly usable currency into a currency you struggle to use economically it's a complete waste of time. (travelingformiles.com)
Great conversion bonuses don't normally come with huge caveats attached to them but when it comes to describing any kind of conversion to American Airlines AAdvantage miles a health warning should always be attached... and in big letters too. (travelingformiles.com)