Try the Mileage Converter at our sister website, Webflyer, to see the possibilities.

Mind you, I have received an equivalent value as high as $6,400 (more usually $2,000 or more) for 125,000 points spent as an AXON, or 175,000 miles for six nights, in a Cat 5-6 property. I agree with trm2 - wait for the appropriate time, just be careful you avoid the pitfall of no qualifying activity for one year and lose them all. And then change credit cards to something you would find more useful (e.g. cashback cards, Diners transfers to a number of airlines, etc.)