When you use Pay with Points for booking your designated airline, you will receive a 50 percent rebate for a value of 1.5 cents per point. (rewardexpert.com)
Use Membership Rewards Pay with Points for all or part of an eligible fare and get 35 % of those points back, up to 500,000 bonus points per calendar year. (dannydealguru.com)
20 % travel bonus when using Membership Rewards Pay With Points to pay for part or all of a travel expense. (pointsaway.com)