How much is 80,000 points worth?

The Citibank Signature card is offering 80,000 points to people who sign up for their card. With an annual fee of $299 per year, many people would be asking just how much is 80,000 points really worth? Generally, with frequent flyer points for example, you can redeem a $100 gift card for about 14,300 points. A general rule I use to measure the worth of points is to multiply the points by 0.007. In this case, 80,000 points is roughly worth about $560.