130000 points worth approx $2K. Maybe more - depending upon which Airline you tranfer to. Subtract Dell credits and others that are of no use to me, still leaves me up approx. $1K, after AF.
Only posted so that Forum members can see that Amex has different reps for different options on call in. ie., - call retention phone number, one offer; call card phone number and ask to cancel another offer, which was substantially more.