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Through May 3, 2017, Hilton Honors is offering up to a 100% bonus on purchased points. This bonus kicks in as long as you purchase at least 5,000 points in one transaction. While Hilton has offered a 100% bonus on purchased points in the past, 5,000 points is one of the lowest thresholds we’ve seen for the full bonus to kick in, which is great.
The cost to purchase points with Hilton is ordinarily one cent per point (including tax), so with the 100% bonus you’re able to pick up Honors points for 0.5 cents each.
You can purchase a maximum of 80,000 Hoonors points before any bonuses per account per calendar year, meaning you can max out the promotion by buying a total of 160,000 points (including the bonus) for $800.
Do keep in mind that Hilton recently radically changed their Honors program. They eliminated their traditional award chart, and rather moved to more variable pricing. However, the good news is that there’s still value to be had in the program, as the top properties still won’t cost you more than 95,000 points per night.
Both before and after the changes I value Hilton Honors points at ~0.4 cents each, though there are certainly instances where you can get a lot more value out of Hilton points than that.
For example, the Conrad Maldives is $1,000+ per night in peak season (when factoring in taxes and fees), while a redemption costs 95,000 points per night. At a rate of 0.5 cents per point, that’s like paying $475 for a night there.
To take it a step further, if you have elite status and stay five nights on points then the fifth night is free, lowering the average nightly cost to 76,000 points. Furthermore, the above cash rates don’t include the 10% service charge and 12% tax, which don’t apply if you’re redeeming points.
To do a direct comparison, if you booked the cheapest advance purchase rate for five nights, here’s the cost:
Or you could pay a total of 380,000 points, which at a valuation of half a cent each, would cost you $1,900 for the five night stay, or $380 per night.
On top of that Hilton has adjusted their Points & Money awards, where you can now redeem part points and part cash towards any redemption. There are many instances where you can get way over 0.5 cents of value per point through that system.
Hilton points purchases are processed by points.com, meaning they don’t count as a hotel purchase for the purposes of credit card spend. Therefore you’ll want to purchase these points with a credit card that maximizes your return on everyday spend, like the Amex EveryDay® Preferred Credit Card, Chase Freedom Unlimited®, Starwood Preferred Guest® Business Credit Card from American Express, or Citi® Double Cash Card.
If you want to earn Hilton Honors points without outright buying them, keep in mind that the no annual fee Citi Hilton Honors Visa Signature Card is offering a limited time increased sign-up bonus of 75,000 Honors points upon completing minimum spend. If it’s free nights at Hilton’s top hotels that you’re after, consider the Citi® Hilton Honors Reserve Card, which offers two free weekend nights at any Hilton family hotel upon completing minimum spend, including properties like the Conrad Koh Samui.
In general I’m not for speculatively buying points when they’re being sold at around the same cost as I value them. However, there are plenty of ways to get outsized value with Hilton points, especially for redemptions at their higher end properties. I know a lot of people who buy Hilton points at this rate, so I recommend crunching the numbers and deciding for yourself whether or not this is worth it.
With a specific use in mind, buying Hilton points with a 100% bonus could represent a very good deal.
Non-Affiliate Product Disclaimer: The information for the AmEx Everyday Preferred has been collected independently by One Mile At A Time. The card details on this page have not been reviewed or provided by the card issuer.