The baseline for me is 2 cents per point, because I could easily simply earn 2% cash back (e.g. via Fidelity or Citi cards). I am not the type of person who's going to mess around with multiple cards to optimize category spend, I need just one solid card.

I have been sticking with Hyatt because in my experience, I can easily get 2 cents per point (I typically only redeem at Category 1-4 properties, very rarely higher than that, and it's really easy to get 2 cents a point at low categories - today).

If I can't keep doing that, I will more than likely just start using the Fidelity 2% cash back card and stop doing things like paying my estimated taxes via credit.

The only other currency I can reliably get 2 cents per point from is AA, and by extension Citi TY points. But, I already have almost a million of those and I can't imagine that value is going to last forever given where DL and UA are.