"Should be available as loyalty points based redemption?" option while configuring the redeemable (3rd page) which is available for the "Points Unlock Redeemables" program type.
If this is check marked and the "Points to redeem" needs to be entered.
For example: If we have checked the option "Should be available as loyalty points based redemption?" and suppose added 50 points under "Points to redeem" than the guest had made made purchase and has 50 points available than this redeemable will be available to the guest as per the settings.
If further assistance is required, submit a ticket to Punchh Support. (For help submitting a ticket, click here)