Originally Posted by
CPRich
I try to keep enough to take my family of 4 on a decent trip at any point in time.
+1. I have around 1M miles across different programs. Our family takes one big trip a year and some smaller ones. I don't really have a target for balances: miles are just so plentiful these days that the balances seem to accumulate.
To answer OP's question, I still try to get at least 2 cents/mile on redemptions.