no they cant the best way to redeem them is to get a student loan rebate which gives you $1 per 100 points, you dont actually have to have a loan call them up and tell them you want the check written out to your bank name i do "chase" then go into the bank the bank let me use it to pay off my chase credit card. im assuming you can pay off any card like that. try it first with $25 just to make sure.