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Hmm, think of it this way.
17,500 Amex MR points have been earned. You can use them to redeem for a Gift Voucher which is effectly worth money. A $100 gift card for most retail partners costs 14,000 points. So in my book, those 17,500 Amex points have a redeemable value of about $125.
So unless I was in desperate need of 17,500 QF FF points, I don't think I would be spending $420 for a redeemable value of $125. But each to their own, I suppose.
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