I received a 1099-misc but my "earnings" were entirely in product points, not actual money to my bank account. Do I still need to report it as income?

The product points are used to purchase more things on the company's website with the points, which I then used mainly as samples to give out for my business. So, the total value of the points is listed in the 1099 as "other income", but I'm wondering if I actually have to pay taxes on it since it wasn't actually monetary commission.