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0.7 cents is the latest I've used. I use The Points Guy's valuations
0.7 cent is solid, 1 cent is great, anything beyond that requires a good amount of luck.
I feel lucky if I can get $0.005.
Boy do I miss the Starwood days…
I've always used 1 cent, but the devaluations have me going with The Points Guy .7 cents. About to cut loose my Marriott credit card. I'm lifetime gold and using the free room certificate for more than a Fairfield is almost impossible. Might as well save the annual fee and just pay for that room.