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Update: Some offers mentioned below are no longer available. View the current offers here – Citi ThankYou Premier Card, Citi Prestige Card

The short answer? NO. Some transferable-points programs offer great hotel transfer rates all the time — with other programs, opportunities come and go. Citi falls into that latter camp with its one and only hotel transfer partner, Hilton HHonors.

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You can transfer points at a 1:2 ratio.

Normally, Citi ThankYou Points, the currency of Citi’s non-co-brand cards, including Citi Prestige and the Citi ThankYou Premier Card, transfer to Hilton at a 1:1.5 ratio. So 1,000 Citi points become 1,500 Hilton points. Through January 6, 2016, however, Citi’s running a promotion, giving you two HHonors points for every one ThankYou point you transfer.

50,000 Citi points becomes 100,000 HHonors points.
50,000 Citi points becomes 100,000 HHonors points.

Should You Transfer?

TPG values Hilton HHonors points at just 0.5 cents each. Citi points, by comparison, are worth 1.6 cents. Under the normal transfer ratio, you’d get 0.75 cents in value for every 1.6-cent ThankYou point you transfer. With this bonus, however, your 1.6-cent points are worth 1 cent after the transfer. Sounds pretty bad, huh? Well, it is.

Instead of transferring your points to Hilton (and losing significant value in the process), consider using your points to book travel on American Airlines. If you have the Citi Prestige card, your points are worth 1.6 cents each toward AA flights booked through the ThankYou Travel Center.

You’ll also get great value when transferring to some of Citi’s airline partners, including Singapore Airlines, which charges just 57,375 miles for an A380 Suites flight from New York to Europe. You’ll also get a better return from Citi’s latest partner, Virgin America, which is offering a transfer bonus of its own through October 21.

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.