The 12 days of Rewards deals have begun today. You have to enter a code worth any amount of points to "unlock" the deal and then the option to see the rewards will appear, today it is a Target GC for 600 pts. ($25 GC are usually over 1000 pts so this is a good deal.) There will be deals on NIKE and other company GC's over the next 11 days.
The website is running VERY slowly and it took me about 10-15 minutes and hitting refresh a few hundred times to get through it, but I finally did.