American Express Permanently Increases Transfer Ratio to Hilton Honors
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.
To start off 2018, American Express and Hilton have increased the transfer ratio when converting your Amex Membership Rewards points to Hilton Honors points. As TPG reader Nolan B. points out, the transfer ratio from Amex MR points to the Hilton Honors program has been increased to 1:2.
Effective immediately, you can transfer Membership Rewards points to the Honors program at a 1:2 ratio. The new transfer ratio is 33% better than its previous rate of 1:1.5. Now, for every 1,000 Membership Rewards points you transfer, you’ll get 2,000 Honors points deposited in your account.
Hilton has confirmed that as of January 1, 2018, this change is permanent. There is a 1,000-point minimum required to transfer.
In recent months, we’ve seen plenty of transfer bonuses, encouraging members to transfer MR points to Hilton, the most recent being 34%. This elevated transfer ratio makes sense, given Hilton’s decision to drop Citi to make Amex its exclusive credit card issuer. In the aftermath of that announcement, consumers have one less transfer option to the Honors program, as Citi ThankYou dropped the Honors program as a transfer partner in December 2017.
While this increased transfer ratio is a nice change for both programs, transferring Membership Rewards points to the Honors program probably still isn’t the best way to get the most value out of your points. Based on TPG’s most recent valuations, Hilton points are worth 0.6 cents apiece whereas Amex Membership Rewards points are worth more than triple that at 1.9 cents apiece. So, even with this 1:2 transfer ratio, you’re still losing out on some value here. Say, for example, you transfer 10,000 Amex points (worth $190) — you would get 20,000 Hilton points, which are worth $120.
Of course, transferring Amex points to Hilton isn’t always a bad decision. If you have a specific redemption in mind, this new transfer ratio could mean good news for you. But keep in mind it’s never recommended to transfer points or buy points without a specific redemption in mind, as there’s no way to reverse the transfer or sell points back after they’re bought. Check out this post for how to maximize double-dipping with the Honors program, and this guide for everything you need to know about the program as a whole.
*Update 1/2/18 3:55pm: This story has been updated to reflect that the transfer ratio is permanent.
Featured image of the Conrad Maldives, Rangali Island by Hilton.
Welcome to The Points Guy!
WELCOME OFFER: 75,000 Points Terms Apply.
TPG'S BONUS VALUATION*: $1,500
CARD HIGHLIGHTS: Delta Sky Club and Centurion lounge access, up to $200 annual airline fee credit and up to $200 in Uber credits annually
*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.
- Earn 75,000 Membership Rewards® Points after you spend $5,000 on purchases on your new Card in your first 6 months of Card Membership.
- Earn 10x points on eligible purchases on your new Card at U.S. Gas Stations and U.S. Supermarkets, on up to $15,000 in combined purchases, during your first 6 months of Card Membership. That’s an additional 9 points on top of the 1 point you earn for these purchases.
- Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status is available to Basic Card Member and Additional Centurion Cards only.
- Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel. Starting January 1, 2021, earn 5X points on up to $500,000 on these purchases per calendar year.
- 5X Membership Rewards® Points on prepaid hotels booked on amextravel.com.
- Enjoy complimentary access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
- Receive complimentary benefits through American Express Travel with an average total value of $550 with Fine Hotels & Resorts® program at over 1,100 properties. Learn More.
- Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. That’s up to $50 in statement credits semi-annually. Enrollment required.
- $550 annual fee.
- Terms Apply.
- See Rates & Fees