Hawaiian, United, American, Delta and Alaska are all running sub-$100 each way Hawaii fares from the West Coast. Southwest Airlines has matched the lowest of these ($62 each way) and that makes their flights available super-cheap on points as well.
You can book Hawaii for just 3154 points each way, or 6308 Rapid Rewards points roundtrip ($5.60 in security taxes each way as well). The best part of Southwest redemptions is that they are fully refundable, you can cancel and redeposit your points at no charge.