Originally Posted by
servaholic
I would like to just maximize cash value, regardless of whether it's points, miles, or cashback.
The value of a mile or point is closely related to how you will use it. For example, if you redeem AA miles for domestic coach tickets, they could be worth as little as 1 cent/mile. For international premium, fair values can easily be 2-3 cents/mile. Makes a big difference.