Why I Transferred Membership Rewards Points To Hilton
Hilton Honors, like Delta Skymiles, is a much beleaguered loyalty program. People love to hate Hilton because of their plentiful devaluations and their lackluster point valuations. That doesn’t mean there isn’t value there. Their points are some of the easiest to rack up via welcome bonuses or through spend. Having said that I still transferred Membership Rewards points to Hilton.
Why Would You Do That?
You may be asking yourself why would you do that? Membership Rewards points are worth so much more than that!
I usually get around half a cent a piece for Hilton Honors points. The transfer rate is normally 2 Hilton points for 1 Membership Rewards point. While improved from the old 1.5 to 1 that is still not a great return. That would be netting me only 1 cent per point in value. I would be better off getting gift cards at 1 cent a MR point and paying cash for my stays. But American Express recently targeted some with a 50% transfer bonus (which ends today). This means that I am getting 3 Hilton points to 1 Membership Reward point. That is a return of 1.5 cents per MR point which is more in the ballpark of their value.
Even though I am getting increased value I still had a healthy stash of Hilton points already. It is not usually a good idea to move transferable points without a plan or immediate need for them. You can not transfer them back so it is best to hold them until they are needed. However I did find myself with a sudden, immediate need for them because of a deal I could not pass up.
A Deal I Couldn’t Pass Up
Doctor of Credit reported that Hilton Honors points could be redeemed on Amazon at half a cent a piece. This deal/mistake offer came around once before and died quickly. I missed out on it the last time but I wasn’t going to this time. I cashed in 230,000 Hilton Honors points for $1150 in Amazon gift cards. For me, Amazon gift cards are about as good as cash.
I knew I had the transfer bonus that I could replenish my Hilton stash for some upcoming stays. I looked at this as cashing out Membership Rewards for 1.5 cents a piece. Even though I love to travel for free, cash is king! I transferred just enough points to book my upcoming travels and I will need to replenish my Hilton Honors war chest. Hopefully the spending offers American Express sent out will post properly and help get me on my way.
Sometimes deals come up that you may pass up because you value your points for travel. Remember to look at deals from all angles before making a decision on whether or not to take the deal. By leveraging my transferable currencies and a transfer bonus I was able to take part in a great deal. And, I was still able to cover my upcoming travel.
Did you jump in on this offer? If not hopefully it will come around again.