You can redeem your points for any travel purchase made within the past 12 months. (creditdonkey.com)
They are worth one cent when redeemed for statement credits for travel purchases charged to the credit card, making the 50,000 miles worth one penny each. (lendedu.com)
Meanwhile, the miles can be redeemed for travel purchases at a rate of 1 mile per cent (starting at 2,500 miles). (mybanktracker.com)