I had never looked at this before as I always use my points for stays or packages. Now I have looked, I am convinced that I have been making the right choice. The European options are pretty naff. A very limited selection of gifts and lots of £25 shopping vouchers ... £250 of shopping vouchers would cost 200K points ... a week in a Cat 5 Marriott would only be 150K points. Mmmm ... difficult choice - NOT!