You really should review redemptions for programs like MR and UR before applying for the card because it has a signficant impact on the value of points. You want to make sure that you can redeem points for the highest possible value. As stated above, statement credit is a terrible use for MR points as, IIRC, you get $0.006/point. For gift cards it all depends on the specific gift card. Off the top of my head I think they can vary from $0.005/point to $0.01/point. For MR and UR the better values are generally attained via transfer to airlines and generally for premium cabin travel as indicated above. Make note of the transfer rates with MR to airlines:http://catalogue.membershiprewards.ca/l ... rticipants
Definitely take a look at the MR site https://rewards.americanexpress.com/myc ... k=&stoken=
and look at the redemption options to determine point values for the different options. In future, definitely do this sort of research before applying for points/miles cards. There are sites such as ThePointsGuy, NerdWallet, etc with pages on this sort of thing if you want an easy reference but you'd need to make sure that the information is up to date as rates can and do change.