@K-in-Boston wrote:If you have $100,000 or more in Bank of America, Merrill Lynch, and/or Merrill Edge accounts and qualify for Platinum Honors Preferred Rewards, the Bank of America Premium Rewards card earns 3.5% on travel, 3.5% on dining, and 2.625% on all other purchases.
I was trying to remember who the other bank was besides BofA, thanks for chiming in!
Wish the USAA was available for everyone 
@Anonymous wrote:2.5% cash back for all purchases is a higher value than 1 Delta mile per dollar, or even 2 for that matter.
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Marriott points are just as worthless as Hilton points.
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Starwood is about the only travel card that will beat the Limitless in everyday spend, but with a $95 annual fee and uncertain future.
For Delta, it matters where/when you're going and which class you're flying in. They're certainly not too valuable if you're trying to book a Delta One roundtrip domestically or using Pay With Miles or Miles+Cash, but they're not strictly tied to revenue so there are certainly some opportunities to get 1.5-2.5 cents per mile.
Your comment about Marriott would be fighting words. 
I've been getting more than 2.5 cpp on Marriott points. You just need to book during peak times and take advantage of the 5th night free. For TPG valuations, he's gotta be basing those values off of converting to airline miles or something because I have yet to get anywhere near as low as he values them. So, the same goes for Starpoints which are pretty much getting me about 7.6 cpp, which is an amazing amount back on purchases. Please don't compare Marriott points to Hilton points. 
Of course these are all moot points if someone doesn't really travel and wants cash back.
@K-in-Boston wrote:
@Anonymous wrote:2.5% cash back for all purchases is a higher value than 1 Delta mile per dollar, or even 2 for that matter.
...
Marriott points are just as worthless as Hilton points.
...
Starwood is about the only travel card that will beat the Limitless in everyday spend, but with a $95 annual fee and uncertain future.
For Delta, it matters where/when you're going and which class you're flying in. They're certainly not too valuable if you're trying to book a Delta One roundtrip domestically or using Pay With Miles or Miles+Cash, but they're not strictly tied to revenue so there are certainly some opportunities to get 1.5-2.5 cents per mile.
Your comment about Marriott would be fighting words.
Of course these are all moot points if someone doesn't really travel and wants cash back.
You're right about Delta but the vast majority of flight redemptions are about 1 cpp. A $450 round trip flight I was looking at to Florida from JFK was 23,000 points so sometimes you get lucky and find a good value, but most times, you don't. The value of that flight is 1.9 cpp though, still lower than the equivlant of using the USAA Limitless.
Regarding Marriott points, they're pretty worthless, I'll stand by that opinion. When a free night worth $234 at a Marriott Courtyard costs 25,000 points, they're next to worthless (0.09 cpp). The stress of having to look around for six hours to get 2.5 cpp with Marriott isn't worth it, I'd rather just apply my 2.5% cash back rewards to the stay instead.
@Anonymous good points and I know that not everyone would get the same value. But when you're booking rooms that have revenue prices of 800+ Euro per night for 45,000 points and you're getting a 5th night free, Marriott points start to become as valuable as many people think of Starpoints. The times that I am able to travel don't always leave a lot of options so I don't have to search too much to find a great deal. I just hope they continue to keep award bookings points based on category and never go to revenue based (i.e. 1 point is worth 1 cent, and the room costs more points when the cash price is higher).
We're going to have to get another room soon if we derail the "cash back" thread more.