Is it better to go for Amex or SW points?

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SW recently devalued points (or is in the process of), so while it may make sense to use it today to book, tomorrow it may not. You will need to pay close attention to the valuations.
Personally, with all the overall changes at SW, i won't be keeping my branded CC.

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Context:

I have the Amex Plat and SW Performance Biz card and am trying to decide if I should book my SW flights with my Amex or SW card.

I’m leaning Amex since I think their points are more flexible and conservatively valued at 1 cpp and earn 5x while SW is at ~1.2 cpp but earn at 4x so it’s 5% vs. 4.8% back.

Am I missing anything here?

Thanks!

Amex definitely. They are flexible and if you are able to transfer to Hawaiian, then Alaskan, more valuable.

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