Points earned with your PayPal/eBay credit card are not the most valuable out there. You earn 3x at Gas Stations and Restaurants and 2x at eBay and Paypal, but redemption is less than a cent a point. You’re usually able to redeem 6,000 points for a $50 gift card or cash back.
Right now, there’s an offer that will let you redeem at 1 cent per point on all gift cards. Their selection includes lots of merchants, including Amazon, eBay, Walmart etc, so everyone should be able to find something worthwhile to cash out their points.
Offer is valid through March 31, 2017.