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Hilton Honors has just announced a new buy points promotion: Now through June 7, Hilton Honors members can receive a 100% bonus when buying points. Normally when Hilton sells points they go for one cent each, but the bonus allows you to snag points for half that at .5 apiece.
TPG values Hilton points at .6 cents each, so this sale means you can acquire points for less than what they’re worth.
Note that you’ll have to buy at least 5,000 points to be eligible for the bonus. Additionally, Hilton caps Honors members at 80,000 purchased points per year (before the bonus). So this could be a great time to max out considering this is the best bonus Hilton has offered. (Remember, it is possible to get around the cap, since Hilton allows for free point transfers between accounts.)
If you do buy the maximum allowed, you’ll receive 160,000 points (80,000 base and 80,000 for the bonus) for $800.
Buying points is usually a great option if you have specific redemptions in mind, like the Conrad Maldives, where rooms can go for thousands a night but points rates are fortunately capped at 95,000 per night. Hilton also gives its elites (and it’s quite easy to get elite status with the hotel chain) the fifth night free when redeeming for award stays, increasing the value of your points by 20% when staying in increments of five nights. Hilton’s Points and Money Rewards can sometimes allow you to get as much as 1 cent per point toward subsidizing the cash price of a luxury hotel.
If you’re lusting for even more Hilton points, consider applying for one of the Amex co-branded credit cards, such as the new Hilton HonorsAmerican Express Ascend Card, the Hilton Honors Aspire Card from American Express or the which are both offering 100,000 point welcome bonuses. Also consider the Hilton Honors American Express Business Card, which is offering a 100,000 bonus after spending $3,000 in the first three months.
When buying Hilton points, the transaction is processed by Points.com, so a travel rewards card won’t earn bonus points on the purchase. You’ll want to use a card like the Chase Freedom Unlimited or The Blue Business℠ Plus Credit Card from American Express, which are great cards for non-category bonus spend, instead.
Featured image of the Hilton Sharks Bay Resort courtesy of Hilton.
With great travel benefits, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game. Here are the top 5 reasons it should be in your wallet, or read our definitive review for more details.
- 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.
- Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
- No foreign transaction fees
- 1:1 point transfer to leading airline and hotel loyalty programs
- Get 25% more value when you redeem for travel 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