For Chase credit cardholders, they currently have a (10%) sale on redeeming reward points for certain gift cards. The eBay one seemed like the only decent one, assuming you don't have better ways of redeeming your Ultimate Rewards points (i.e., like getting an additional 25%/50% bonus when redeeming for travel with Chase Sapphire).
eBay 2250 = $25
https://ultimaterewardspoints.cha...ds/gallery
(filter for Sale to see all. Or just search for the eBay one)
For Chase Freedom, the other ones are:
Arbys, Fandango, H&M, IHOP, Krispy Kreme, Lowes, Zaxbys, One4all Happy Moments, One4all Happy Birthday
For Chase Sapphire, the other ones are:
Fandango, H&M, IHOP, Krispy Kreme, One4all Happy Moments, One4all Happy Birthday
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As far as I know, the conversion when you pay yourself back is 1:1. In other words, you would need to redeem 2500 points to get $25 cash (which you can then use at eBay or buy a $25 eBay gift card).
This deal provides a 10% discount when you redeem for an eBay gift card. So you redeem 2250 points to get $25 eBay gift card.
And again, this is only a deal for those who may not have Chase Sapphire in order to receive 25%/50% redemption discounts for travel, or don't really utilize reward partner redemptions.