What is the best use of EDGE rewards points

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Generous
JAYM

Need expert's advise the best value back of EDGE rewards.
Buying amazon @ .20 Rs/EDGE doesn't seems best deal.
Converting to miles is helpful only if have travel plans that too upto some limit, what to do incase of 1L+ CV miles?

what you guys do to get best value of EDGE points, please comment. 

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