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Today I want to share a story from TPG reader Kavi, who used points to book a hotel stay when rates were high and availability was low. Here’s what he had to say:

Looking to book a quick weekend getaway this past fall, I had my sights set on a night in Providence, Rhode Island, followed by two nights in New Haven, Connecticut. I booked an Airbnb in New Haven, but couldn’t find one I liked in Providence, so I began looking at paid rates across the larger hotel chains (Hilton, Marriott, IHG). Much to my surprise, a lot of hotels were already sold out on the particular night I needed, so I shifted my attention to points.

I have a stash of Chase Ultimate Rewards points I could have dipped into, but I’d much rather save those for my planned trip to Europe next year, when I can transfer to partners and get a more worthwhile redemption. Luckily, I had just over 37,000 points in my Hilton Honors account from past stays during weddings I attended. I found a Hilton Garden Inn right in Providence for 40,000 points, so I was less than 3,000 points shy.

Purchasing the last 3,000 points from Hilton would have cost me $30, but the Points & Money option was a little cheaper, as I could book the room with the 37,000 points I had plus $18. Paid rates for the one night were $399, so I got just over one cent per point in value and didn’t have to buy additional Hilton points (as I don’t stay at their properties often). It’s a small win, but having a cash and points option is really helpful to lower out-of-pocket costs and avoid overpaying for miles.

Unlike most cash and points award options (which are only offered at a few fixed rates), Hilton’s Points & Money awards let you redeem on a sliding scale. You can use however many points you want (starting at 5,000 and going up in intervals of 1,000), so there’s a lot of flexibility to book awards with an insufficient balance and to get a decent return from small balances. Kavi only saved $12 compared to the cost of buying points outright, but the amount is less important than the underlying principle that the Points & Money option can help you redeem Hilton points more efficiently. Redemption rates vary widely, so even if you have enough points to cover a standard award, I recommend playing around with the points/money slider to see what kind of value you’re offered.

One caveat: Be careful about booking these awards if you’re staying at a property that charges nightly resort fees. Hilton Honors generally waives resort fees for award stays when you pay entirely with points, but the fees will be added if you select a rate with even the minimum cash portion. In that scenario you may be better off buying the remaining points you need, since booking a standard award will probably cost you less overall.

I love this story and I want to hear more like it! To thank Kavi for sharing his experience (and for allowing me to post it online), I’m sending him a $200 airline gift card to enjoy on future travels, and I’d like to do the same for you. Please email your own award travel success stories to info@thepointsguy.com; be sure to include details about how you earned and redeemed your rewards, and put “Reader Success Story” in the subject line. Feel free to also submit your most woeful travel mistakes. If your story is published in either case, I’ll send you a gift to jump-start your next adventure.

Safe and happy travels to all, and I look forward to hearing from you!

Photo courtesy of the Hilton Garden Inn Providence. 

Capital One® Savor® Cash Rewards Credit Card

This cash back card has a focus on dining and entertainment where you can earn unlimited 4% cash back in those spending categories. You can also earn 2% cash back at grocery stores and 1% cash back on all other purchases.

Apply Now
More Things to Know
  • Earn a one-time $500 cash bonus after you spend $3000 on purchases within the first 3 months from account opening
  • Earn unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
  • No foreign transaction fees
  • Access to premium experiences in dining, entertainment and more
  • $0 intro annual fee for the first year, $95 after that
Intro APR on Purchases
N/A
Regular APR
16.24% - 25.24% (Variable)
Annual Fee
$0 intro for first year; $95 after that
Balance Transfer Fee
$0
Recommended Credit
Excellent, Good

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.