It is. And then you have to pay $1000 for a 120Hz screen. Ridiculous.
I haven’t looked, however I can’t imagine the price point is the same on the Android side.
The points are different for the credit card.
https://www.barclaycardus.com/applycontent/TnCs.jsp?tc45206
“for example 1,000 Card Points can be redeemed for $10”