Points.com's exchange ratio is too ridiculous to be useful. Here are some examples:

To get 25,000 ClickMiles, you would need to spend 400,000 AAdvantage miles. Just to put it in perspective, 400000 AA miles can get you 16 domestic roundtrips. 25,000 ClickMiles can get you 1 roundtrip.

OR

You could spend 320,000 AA miles to get 20,000 ClickMiles, which can be moved to Starwood and redeemed for 25,000 airline miles.

Points.com also does the same with America West miles...and the ratio is a bit cheaper. Its 270,000 America West miles = 20,000 ClickMiles.

You can play around with this at http://www.points.com/calculator.jsp

Can someone point out a good reason why I would burn almost half a million AA miles to get 25,000 ClickMiles?