I have to agree with Athena as I sit here at the Maui Marriott with two rooms for free.

I have a Marriott Visa and Starwood AMX. I only redeem when the room cost is upwards of $300 per night. I have saved a boatload of money in cities like: DC, NYC, Paris, London, etc. Unless you exchange miles for some carefully thought out airline awards, I don't think you will do as well as cashing in on the highend hotels.
[This message has been edited by paradocs (edited Jan 02, 2004).]