The banker at Chase told me it is redeemable for $400.
W/flights, hotels and gift cards it is more than that
No foreign transaction fees - important to me.
Up to 7% cash back, I don't remember the details though.
Cancel or just threaten to cancel after the first year to avoid $95 annual fee.
They either waive it or you cancel the card. Your credit report score will take a small hit once you cancel the CC, but it will go away in a month or two.
A hard inquiry on your credit report lasts two years.