In terms of dollar value, you can buy 500 Amtrak points (650 with the current year-end promo) for ~ $14 from Amtrak. In that context, 100 points is worth about $2-$3. If you use Amtrak or think you might, this does not hurt. If you don't plan to ever take the train, this deal really does not matter.
In terms of redemption value, it depends on where you live and want to travel. The best value is for so-called "special routes", where a one-way ticket costs 1,500 points (was 1k points until a few months ago). Those tend to be shorter/regional routes, but it is possible to get some good trips out of them, albeit with charter bus connections for some - from Oakland for instance, one of those reward tickets can get you to Las Vegas/LA/San Diego. To redeem for one of those trips, 100 points is worth ~ $3-$7.
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