Originally Posted by
BA_Jfan
I have 4400 Fairmont points left attached to my card. I am planning to close the card rather than convert it so I don't loose my chance at a sign up bonus for a UR card. Is there anything better to do with the points then redeem for gift cards? I doubt Chase will convert them to UR points if I don't convert to a UR card.
Apparently you can buy travel with them also, but it sounds complicated.
from FAQ:
http://www.flyertalk.com/forum/22582491-post790.html
I'd not bother and go for the gift cards. Easy, peasy.