Originally Posted by
phdtomd
Let me preface this by saying this is probably not the correct way to look at this. What I do is looks at what I normally buy and see how many points it would take to get it. For example a flight from mke to dfw may cost me 320 to 350 rt. I can use aa miles and that flight would cost me 25,000 miles. So to me an aa mile is 1.3 cents. Same with SPg points I love Maui and paid 360/night. At Sheraton Maui it's 12,000 pts/night so they are worth 3 cents to me. I use these numbers when determining if I want cash bck from discover or go through the aa portal. Ex. I could use the aa portal to shop at sears and earn 4 mile/dollar or go to the discover portal and earn 6% cash back
Well put, it's really how you plan on using them. They have different value to each of us because we all use them differently.
What you have to know is how you are going to use them and go from there.