Skip to content

I transferred Amex points to Hilton — a notoriously bad idea — to book one of the best hotels in the world

June 02, 2022
8 min read
Waldorf Astoria Maldives
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.

I transferred 225,000 American Express Membership Rewards points to Hilton for a stay at one of the world's best hotels.

This statement is likely to make seasoned points and miles enthusiasts cringe. After all, some of Amex's other transfer partners — such as ANA, Virgin Atlantic, British Airways and Etihad — are superstar transfer partners that can give potentially more than 4 cents per point in value for fancy business- and first-class seats.

But on the other hand, half of Amex’s transfer partners offer a very poor value. You’re almost certain to receive a poor value for your Amex points when transferring them to partners such as Aeromexico, Marriott and, yes, Hilton.

For more TPG news delivered each morning to your inbox, sign up for our daily newsletter.

However, there’s an exception to every rule. I just transferred 225,000 Amex points to Hilton for a five-night stay at perhaps the most aspirational award stay in existence. Plus, I received excellent value for my points.

Why you should (almost) never transfer Amex points to Hilton

(Photo by Robert Alexander/Getty Images)

There are two main reasons you should think twice before transferring Amex points to Hilton.

1. Hilton points are easy to earn

All four Hilton cards currently offer decent welcome bonuses:

These cards also offer up to 5 points per dollar on everyday spending like at restaurants, supermarkets and gas stations.

The information for the Hilton Honors American Express Aspire Card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Sign up for our daily newsletter

2. Amex points are normally worth way more than Hilton points

It’s widely agreed that the best use of Amex points is for lie-flat airplane seats to international destinations.

For example, you can fly Singapore Airlines’ first-class suites between John F. Kennedy International Airport (JFK) and Frankfurt Airport (FRA) for 86,000 Singapore Airlines miles. This seat would otherwise cost more than $9,000, giving you a value of 10.4 cents per point. There are many staggering uses like this for Amex points, making them the go-to currency for premium cabins.

Related: How to redeem Amex Membership Rewards for maximum value

When you transfer Amex points to Hilton, you’ll receive a transfer ratio of 1:2. In other words, 1 Amex point equals 2 Hilton points.

Still, transferring Amex points to Hilton is usually a bad deal. According to TPG valuations:

  • Amex points are worth 2 cents each.
  • Hilton points are worth 0.6 cents each.

This means that, on average, Amex points are worth more than triple the value of Hilton points.

Waldorf Astoria Maldives Ithaafushi: The best resort points can buy?

(Photo by Brian Kelly/The Points Guy)

My husband and I visited The St. Regis Maldives Vommuli Resort (a Marriott hotel) a few years ago. Ever since then, I’ve been thirsting for a return to the Maldives. It's true you can find powdery, white sand without leaving the U.S., but a trip to the Maldives offers something more than breathtaking sunsets and pristine beaches — and you’ve got to be there to comprehend it. There’s an intangible element that draws tourists to this archipelago.

The Waldorf Astoria Maldives Ithaafushi is the new aspirational must-do for points and miles collectors, and the hotel’s award availability reflects that. Despite its offensive price tag of 150,000 points per night, standard award availability is very difficult to find.

Hilton offers the fifth night free on award stays lasting at least five nights. This effectively drops the award price at the Waldorf Astoria to 120,000 points per night.

Related: Paradise perfected: A review of the Waldorf Astoria Maldives Ithaafushi

The issue is that it's nearly impossible to locate five consecutive standard award nights. For the past month, I’ve made a daily ritual of casually searching the property’s award calendar for a string of five nights.

Last week, the daily searches paid off. I found myself staring at a handful of five-night blocks, each for 600,000 Hilton points. But I only had 150,000 Hilton points in my account.

Is it worth burning Amex points for a stay at the Waldorf Astoria Maldives?

Due to the rarity of reward space, I decided to immediately transfer 225,000 Amex points to Hilton, injecting my account with the remaining 450,000 Hilton points needed to book the stay.

(Screenshot from Hilton)

That was a lot of Amex points. Was it worth the splurge?

During these same dates, the Waldorf Astoria Maldives sells for $2,275 per night. Let’s do some math:

  • The hotel costs 600,000 points for five nights.
  • The hotel costs $11,375 for five nights.
  • This reservation offers a value of 1.9 cents per Hilton point.

Because the transfer ratio from Amex to Hilton is 1:2, I’m getting a value of 3.8 cents per Amex point. That’s 90% higher than TPG’s valuation of 2 cents each.

(Screenshot from Hilton)

All this is to say that I received a value of $8,550 by transferring 225,000 Amex points to Hilton. Not bad!

Related: 8 ways to maximize Hilton Honors redemptions

How to earn points for an award like this

As I previously mentioned, Hilton points are easy to earn; members can earn by opening either Hilton credit cards or Amex Membership Rewards points cards. Here are the current offers from the top Hilton cards:

Related: How to earn Hilton Honors points

Here are some of the best offers from Amex Membership Rewards-earning cards (remember, 1 Amex point equals 2 Hilton points):

Bottom line

Under almost all circumstances, we don’t recommend that you transfer Amex points to Hilton. However, if you know you’ll get a value of at least 2 cents per Amex point, it can be a worthwhile option.

That said, if you find a Hilton hotel you’d really like to stay at and you don’t want to use money, you also shouldn’t neglect a bucket list item just because you’re getting a redemption value equal to TPG valuations. Use your points and miles in whatever way makes you happiest.

Featured image by (Photo courtesy of the Waldorf Astoria Maldives/Facebook)
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Top offers from our partners

How we chose these cards

Our points-obsessed staff uses a plethora of credit cards on a daily basis. If anyone on our team wouldn’t recommend it to a friend or a family member, we wouldn’t recommend it on The Points Guy either. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners.
See all best card offers

TPG featured card

Best card for premium perks while traveling
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards

2 - 10X points
10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
5X5X miles on flights booked through Capital One Travel.
2X2 Miles per dollar on every purchase, every day

Intro offer

75,000 bonus miles
Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

Annual Fee

$395

Recommended Credit

740-850
Excellent
Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,400+ lounges, including Capital One Lounges and our Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023
Best card for premium perks while traveling
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards Rate

10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
5X5X miles on flights booked through Capital One Travel.
2X2 Miles per dollar on every purchase, every day
  • Intro Offer
    Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

    75,000 bonus miles
  • Annual Fee

    $395
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    740-850
    Excellent

Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,400+ lounges, including Capital One Lounges and our Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023