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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.

The Platinum Card® from American Express

The American Express Platinum card has some of the best perks out there: cardholders enjoy the best domestic lounge access (Delta SkyClubs, Centurion Lounges, and Priority Pass), a $200 annual airline fee credit as well as up to $200 in Uber credits, and mid-tier elite status at SPG, Marriott, and Hilton. Combined with the 60,000 point welcome offer -- worth $1,140 based on TPG's valuations -- this card is a no-brainer for frequent travelers. Here are 5 reasons you should consider this card, as well as how you can figure out if the $550 annual fee makes sense for you.

Apply Now
More Things to Know
  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • Up to $200 for Uber rides annually. Credit and Uber VIP status available to Basic Card Member only.
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5X Membership Rewards® points on eligible hotels booked on amextravel.com.
  • As a Platinum Card Member, you can enjoy 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 with an average total value of $550 with Fine Hotels & Resorts. Learn More.
  • $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
  • Terms Apply.
  • See Rates & Fees
Intro APR on Purchases
N/A
Regular APR
N/A
Annual Fee
$550
Balance Transfer Fee
See Terms
Recommended Credit
Excellent/Good
Terms and restrictions apply. See rates & fees.

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.

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