I was just wondering because I couldn't find the exact answer from Google what the wells Fargo Choice Privilege Cards sign up bonus points are worth when redeemed for cash back? I know one of them has a 40,000 choice point sign up bonus and the other has a 60,000 choice point bonus. Can they be redeemed for statement credit or as cash back for $400 and $600 respectively?
Or do the choice points reduce in value when redeemed as cash back or statement credit?
They are worth around 0.6 cents per point per TPG and can be redeemed for gift cards, travel partners, or hotel stays (duh). I'm not aware of the ability to redeem for cash back.
I don't see any option to redeem for cashback or statement credit. That is usually an option for flexible currencies like Chase UR or Amex MR, where the points are managed by the issuer until redeemed/transferred, but is not common with hotel or airline specific currencies.
I logged into my Choice account and there are options to redeem for gift cards, but not at a good rate - a $25 gift card was going for 8k points, which results in .3125 cents per point. Even if you considered gift cards equal to cashback, that would be $125 for 40k in points and $187.50 for 60k in points.
APR 
P2 Chopping Block 
Thanks for the feedback guys. I wasn't sure if I could do those options because I look for cashback over flights and traveling.