Through November 30, American Express Membership Rewards is offering a 50% bonus on transfers to Starwood, Hilton, Priority Club, and Best Western.
In most cases this still won’t represent a good value. In fact, with the bonus, Hilton transfers are still shy of 1 Amex point to 2 Hilton points — which is what you can get all the time with a small dance of going Amex to Hawaiian to Hilton.
Still, in the past I’ve transferred Amex to Starwood using a similar promotion. The normal rate there is 3:1 and this makes it 2:1. But that was before the Starwood devaluation…
(Hat tip to the MilesLink Newsletter.)