American Express Membership Rewards has a new promotion available for their U.S. based members, offering a 30% bonus on Membership Rewards transfers to Hilton Honors through March 31, 2022.
This promotion is showing up on my Platinum Charge Card account and might be targeted as, once again, it has no expiration date listed, simply that the offer might disappear the next time you log in.
The ratio of transferring Membership Rewards points to Hilton Honors isn’t ideal but with the bonus right now it may make limited sense to think about a transfer if you’re looking to book a Hilton hotel on points.
You can find the transfer option in your online Amex card account under Membership Rewards – Hotel Transfers :
The ratio of 1:2.6 isn’t all too horrible when utilizing this promotion:
Keep in mind that aspirational properties such as the Conrad Rangali, Maldives or Koh Samui, Thailand have extremely high point requirements (95,000 points per night) with a cash rate hovering around US$600-700 per night plus tax.
This means one night would require 36,500 Membership Rewards points per night at one of the above examples. Not a bad deal but collecting Hilton points through one of the Hilton Amex products is likely much better. The same goes for those customers who are after Marriott points.
Don’t transfer your Membership Rewards unless absolutely necessary and there is a clear redemption advantage to it.
Membership Rewards points are usually better utilized by transferring them to an airline program to be used for flight redemptions or, in the worst case, cashed out through the Charles Schwab version of the Amex Platinum.
It might make sense to do these transfers if you check the points availability beforehand, compare it to cash rates and take into account that the 5th night is free when redeeming points.
These are the Terms&Conditions for this campaign:
You must be enrolled in Hilton Honors in order to participate in this offer, visit HiltonHonors.com/join to enroll. American Express is not responsible for availability, accommodations or any other rewards in the Hilton Honors program. Once you have transferred Membership Rewards points, they become subject to the Terms and Conditions of the Hilton Honors program and cannot be transferred back to your Membership Rewards program account. See Hilton Honors Terms and Conditions for details. This offer is non-transferable and may not be combined with other offers. American Express in its sole discretion reserves the right to alter and or terminate these offers at any time. To be eligible to receive these offers, all Card accounts linked to an enrollee’s Membership Rewards program account must not be canceled, past due or have a return payment at the time of point redemption. Minimum transfer is 1,000 Membership Rewards points. Redeem for this exclusive offer from 12:00 a.m MT on 3/1/2022 to 11:59 p.m MT on 3/31/2022, to receive 30% additional Hilton Honors Bonus Points. Please allow up to eight weeks for the additional Hilton Honors Bonus Points to be awarded. Hilton Honors Bonus Points do not count towards elite tier qualification.