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

For a limited time, Citi ThankYou Rewards is offering a 100% bonus on points transferred to hotel partner Hilton HHonors. Normally ThankYou Points transfer to Hilton at 1:1, but through January 8, 2015, you’ll get 2,000 HHonors points for every 1,000 ThankYou Points you transfer.

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Get double Hilton points when you transfer through January 8, 2015.

Since Citi added 9 airline transfer partners this year Citi, Hilton is one of the least valuable ThankYou Rewards transfer partners. In my latest monthly valuations, I list Hilton HHonors points at 0.5 cents apiece, and ThankYou Points at 1.6 cents apiece. That makes transfers to Hilton downright terrible normally, and still pretty bad even with this promotion.  In a vacuum, you can probably find much better ways to use ThankYou Rewards.

Boca Beach Club, a member of the Waldorf Astoria Collection.
Boca Beach Club, a member of Hilton’s Waldorf Astoria Collection.

That said, unless you’re a character in Interstellar, then you probably don’t exist in a vacuum, so there are some scenarios where taking advantage of this transfer bonus makes sense.

  1. If you’re planning a major Hilton award redemption and just need a few thousand points to top off your account, this is an easy way to get them. Even if you don’t already have any ThankYou points to spare, keep in mind that they can be shared between ThankYou Rewards members immediately and at no cost. The only caveat is that shared points expire after 90 days, so don’t transfer them until you’re ready to use them.
  2. If you have a few thousand dormant ThankYou points and you’re planning to close your account, you should use them rather than just let them disappear. Citi lets you redeem ThankYou Points for airfare directly, and offers an array of retail and other gift cards. Both options give you 1 cent per point (more if you have a Citi ThankYou Premier or Citi Prestige card), but if you’d rather have Hilton points, the current transfer bonus at least offers similar redemption value.
  3. Hilton HHonors points expire after 12 months of account inactivity, but points transfers from partners qualify as activity. If you’re approaching that 12 month mark and want to avoid losing your HHonors points, you can transfer 1,000 ThankYou Points to extend the expiration date for another year. Note that transfers may take up to 14 days, so don’t cut it too close.

I wouldn’t transfer points speculatively, since you’d be sacrificing value to begin with, and despite the slew of devaluations Hilton went through last year, it wouldn’t surprise me to see the program tank even further. Unless you have a particular need for HHonors points, save your ThankYou Points for another time.

Citi ThankYou® Premier Card

LIMITED TIME OFFER: This card is now offering a 60,000-point bonus after spending $4,000 in the first three months. 60,000 ThankYou points can be worth up to $1,020 based on TPG's most recent valuations.

Apply Now
More Things to Know
  • Earn 60,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening
  • Earn 3X Points on Travel, Including Gas Stations
  • Earn 2X Points on Dining Out & Entertainment
  • Earn 1X Points on All Other Purchases
  • 60,000 Points are redeemable for $750 in airfare on any airline, anytime with no blackout dates when booked through the ThankYou® Travel Center, or $600 in gift cards when redeemed at thankyou.com
  • No expiration and no limit to the amount of points you can earn with this card
  • Points Transfer allows you to transfer points to participating airline loyalty programs
  • No Foreign Transaction Fees on purchases*
Intro APR on Purchases
N/A
Regular APR
16.24% - 25.24%* (Variable)
Annual Fee
$95, waived for first 12 months*
Balance Transfer Fee
3% of each balance transfer; $5 minimum.
Recommended Credit
Excellent Credit

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.