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Transfer to airlines/hotels
Either what D1 said or get a Schwab AmEx Platinum and exchange for 1.25 cpp
Your best value is to transfer to an airline, preferably when they are having a transfer bonus. You then use those points to book a business or first class international flight.
I’ve also used miles brokers before and I could get a cash payout at a1.25 payout (i.e., 100k points gets me $1250). It’s a bit shady feeling though.
Is there a fee on the card? I’m assuming you need to have a Charles Schwann account too?