I’m not sure how new this is. A reader sent in a tip that U.S. Bank cards can have their rewards program linked with Paypal which then allows redemptions at 1 cent-per-point toward any future Paypal purchase. That gives us the ability to cash out rewards without the standard $25 cash minimum or $10 real time rewards minimum.
Most banks offer sub 1-cent redemptions via Paypal. However, with Discover, Citi, and U.S. Bank you get a full cent per point. In the case of U.S. Bank this is useful to bypass the minimum redemption which would otherwise be required.
Hat tip to reader Manny A.