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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, 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.

Click here to buy Hilton points with a 100% bonus.

Featured image of the Hilton Sharks Bay Resort courtesy of Hilton. 

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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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