Thank you all so much for your responses.

pgary, I've been to your site many times but not recently, so I will take a look there.
Originally Posted by 777-DCA
So let me make sure I understand you correctly. You are a member of FT, miles are
only "okay"? Are you the spawn of satan? You should banned from FT for making such a statement!

(Oh, and in case it is not evident, I am kidding. I do not seriously mean it.)

777-DCA! I hope I'm not banned for making such a bold statement. It was hard enough to get up the nerve to post a question

.
I stated earlier I would prefer just a cash back rebate each year, but if I had to choose, hotel points seem more valuable than miles to me these days. The main reason I would want miles is for free tickets for our family to either Europe or Hawaii in the summer (kindly contain your laughter).