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Now through February 17, you can earn an 80% bonus when you purchase or gift Hilton Honors points. This isn’t a tiered promotion as we saw several months ago, but to earn the extra rewards, you’ll need to buy a minimum of 5,000 points.
Honors points usually cost 1 cent apiece to purchase, but with the 80% bonus the price goes down to about 0.56 cents per point. TPG values Hilton Honors points at 0.5 cents apiece, so you’d be paying just slightly more than the valuation rate per point.
As always, you can purchase up to 80,000 Honors points in a calendar year, meaning if you haven’t bought any of these rewards in 2017 you could max this promotion out by spending $800 to walk away with 144,000 points. Those points are worth $720 based on TPG’s valuations, but depending on where you redeem them, you could be getting more or less out of your rewards purchase. For example, if you’d like to plan a luxe ski getaway in early February, you could redeem 80,000 points per night at the Waldorf Astoria Park City rather than paying $799 per night for the same accommodations. With this redemption, your Honors points would get you just shy of 1 cent apiece in value.
Other Ways to Earn
If you need to stock up on Hilton points, don’t overlook these credit card welcome bonuses. The Hilton Honors Surpass Card from American Express is currently offering up to 75,000 points after you spend $3,000 in the first three months. This card has a $75 annual fee, and its benefits include complimentary Honors Gold status and 12 points per dollar spent at Hilton properties.
The Hilton Honors Card from American Express is offering a 80,000-point welcome bonus after you spend $2,000 in the first three months, and this card has no annual fee. Another great option is the Citi Hilton HHonors Reserve Card, which offers a sign-up bonus of two weekend nights at any Hilton property after you spend $2,500 in the first four months. This card has a $95 annual fee, but if you can maximize the two free nights at a high-end property, you can easily cancel it out.
Buying Hilton points — or any other loyalty currency — without a redemption in mind is usually not worth it, and while the price of ~0.56 cents per point is pretty decent, it’s not good enough to justify boosting your Honors stash without a trip in mind. If you do have a stay on the horizon and you could use some extra points to book an award stay, though, this 80% bonus could come in handy.
Will you be taking advantage of this buy-points promo?
Featured image courtesy of the Waldorf Astoria Park City.
The Points Guy Assessment:
The Chase Sapphire Preferred is a great pick for the beginner and the frequent traveler. The CSP has superb travel benefits, double points on certain purchases, and a 50,000 point sign up bonus. The $95 annual fee is waived the first year so this puts it as one of the less expensive cards, while still allowing you to earn one of the most valuable point currencies.
- Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
- Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
- 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
- No foreign transaction fees
- 1:1 point transfer to leading airline and hotel loyalty programs
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
- No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards