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Alliance & Leicester - MoneyBack Rewards Credit Card

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Today I recieved info on this new product through the post from Alliance and Leicester.
The reward scheme is you get 1 point for every pound spent on this card. Also theirs a bonus of 2000 points if you spend on the card in the first 90 days.

Sounds potentailly a great offer, if only I knew what you can do with the reward points. I've searched high and low, but can't see what the real value of this points are worth.

http://www.alliance-leicester.co.uk/plus-section/index.asp?page=creditcards

Anyone already using this credit card?

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