I had to share with you my happy story. My CC is a no fee CC and it gives me points. Usually 12,500 points = $100 (I can buy gift cards for different things). Well for some reason, they were having a "sale" on Shoppers Drug Mart gift cards, and for 14,0000 points I was able to purchase a $175 gift card. Shoppers Drug Mart is a local pharmacy chain that has perfume, cosmetics etc. While they tend to be a bit more pricy, they often have sales that are really cheap.
So the plan is to sock away the gift cards with my stash (I'm terrible for redeeming them) and then using them for stocking stuffers for Christmas! A nice start to the "Christmas" season :)