Moderator: American AAdvantage, Travel Safety/Security & Texas, FlyerTalk Evangelist
Join Date: Sep 2006
Location: AUS / GRK
Programs: AA, HHonors, Hertz
Posts: 13,503
It has been a while since I've checked, but points.com used to do exchanges. You really get an extremely poor rate though.
There used to be some backdoor ways, converting to hotels/Amtrak, etc, but as far as I know they have all been closed.