Maximizing, maybe, but I am still quite scattered in the range of programs I have points in. And I also use two Cash+ cards and Discover. Points are great for specific redemptions but points only can be limiting in your choices of where to go I look at points as a nice SUB, and I may be able to cover a large part of the costs of a specific trip, but cash paid out, or using earmarked cash from other card earnings is nice too.
I have MR, UR, Marriott/SPG, Hilton, Delta, and American Airlines all with over 100,000 points each ( Hilton soon to be 500,000 good for one night somewhere 
) and I pay too much in annual fees. But I value the perks, and will eventually get value from the points, so I find value as I see it. As SUB lumps start to draw down, I plan to get a bit more focused, but that is also because I am learning what works for my travel goals.
Points are all relative here, the value of Hilton points maybe lower but the ease of accumulating Hilton points is easier on per dollar spent.
Since the SPG merger I switched from Marriott to Hilton and I have been pretty happy. I have Amex Plat and get gold status on both. For Hilton stays with my no AF Hilton card I get 25 points per $ on stays. In addition, I live in an area that has many Hilton dining program options and get 8 points per $ for free so if you tie that w/ Amex Gold w/ 4x and with MR point 20% bonus transfer you can get 17.60x per dollar spent on dining. That is of course you want to convert gold card into a Hilton card for that dining. Marriott doesn’t have a dining program.
We went to one of our favorite restaurants tonight spent $56 including tip and we will get 448 Hilton points. We go at least once or twice a week. We will avg about 6k of biz and personal dining for this program annually for 48k free Hilton points, way ahead of Marriott for no additional spend.
When I travel for business or vacation we always look at AA and Hilton dining program options in the area then pair that with yelp or trip advisor to see if we want to go. It’s hit or miss in some locations but we have gotten many miles and points over the years using these programs.
Personal Cards: Amex Plat | Amex Delta Res | CSR | Citi AA Exec Business Cards: Ink+ | Amex BGR
Hilton's ongoing 2x and 3x bonus right now is great too. I earned 11000 HH points for one night I paid $170 for. I have the HH Ascend so I have gold status and was upgraded to a deluxe suite with executive lounge access.
[2/2019]
Update 2/9/19
Well I've figured out what the points are worth to me. In my case the only real use of either chain's points is stays at modestly priced hotels, so the "high end" travel benefits aren't of major concern.
The Hilton points always wind up being worth around 4/10 cent, and the SPG points appear to be worth around 3/10 of a cent.
Since Hilton points are worth about 33 1/3% more to me, they're easier to pick up (even the lowest return on non-bonus spending is 3 points per dollar, and most of my spend gets 6 points per dollar), and Hilton seems to provide a free full breakfast to each guest.... Hilton points are the winner for me. In my case there's not much point in keeping my Amex SPG business card, since it would be preferable to concentrate on collecting Hilton points.
So my Amex SPG business card is now on the sock drawer/possible closure list.
@SouthJamaica wrote:Update 2/9/19
Well I've figured out what the points are worth to me. In my case the only real use of either chain's points is stays at modestly priced hotels, so the "high end" travel benefits aren't of major concern.
The Hilton points always wind up being worth around 4/10 cent, and the SPG points appear to be worth around 3/10 of a cent.
Since Hilton points are worth about 33 1/3% more to me, they're easier to pick up (even the lowest return on non-bonus spending is 3 points per dollar, and most of my spend gets 6 points per dollar), and Hilton seems to provide a free full breakfast to each guest.... Hilton points are the winner for me. In my case there's not much point in keeping my Amex SPG business card, since it would be preferable to concentrate on collecting Hilton points.
So my Amex SPG business card is now on the sock drawer/possible closure list.
Wish I would have read your summarization before I applies for SPG business AND completed the $5k--100k pt. SUB a couple of weeks ago. But I've earned them now and may as well use them--no turning back now! But wait a minute...there still the free night you get anually with the SPG--doesn't that account for something?
BUSINESS 
@Credit-hoarder wrote:
@SouthJamaica wrote:Update 2/9/19
Well I've figured out what the points are worth to me. In my case the only real use of either chain's points is stays at modestly priced hotels, so the "high end" travel benefits aren't of major concern.
The Hilton points always wind up being worth around 4/10 cent, and the SPG points appear to be worth around 3/10 of a cent.
Since Hilton points are worth about 33 1/3% more to me, they're easier to pick up (even the lowest return on non-bonus spending is 3 points per dollar, and most of my spend gets 6 points per dollar), and Hilton seems to provide a free full breakfast to each guest.... Hilton points are the winner for me. In my case there's not much point in keeping my Amex SPG business card, since it would be preferable to concentrate on collecting Hilton points.
So my Amex SPG business card is now on the sock drawer/possible closure list.
Wish I would have read your summarization before I applies for SPG business AND completed the $5k--100k pt. SUB a couple of weeks ago. But I've earned them now and may as well use them--no turning back now! But wait a minute...there still the free night you get anually with the SPG--doesn't that account for something?
Yes it does count for something. It would be worth around $112. Doesn't quite offset the $125 annual fee they are going to be charging. And the $112 stay doesn't include the free breakfasts Hilton would provide.
