I receive compensation for many links on this blog. You don’t have to use these links, but I am grateful to you if you do. American Express, Citibank, Chase, Capital One and other banks are advertising partners of this site. Any opinions expressed in this post are my own, and have not been reviewed, approved, or endorsed by my advertising partners. I do not write about all credit cards that are available -- instead focusing on miles, points, and cash back (and currencies that can be converted into the same).
And now it’s back through December 5.
Hilton usually charges a penny apiece for points, so with this bonus is selling points for half a cent each. Their recent promotional pricing is tied for the cheapest I’ve ever seen (in June 2015 they offered a 100% bonus on purchased points, and a few months back they ran 50% off). They’re selling points for just about what they’re worth.
Hilton will let you buy up to 160,000 points per year. With this bonus, you can do that at a price of $0.005 per point. I value Hilton points at $0.004, since I can pretty much always get half a cent in value at least from Hilton points and I have a preference for holding cash.
Conrad New York
You can really stretch Hilton points for their lower-tier redemptions. A category 1 property is 5000 points, with 5th night free for elites, so a 5 night stay averages 4000 points per night or ~$22. (There aren’t many of these in the U.S…)
You won’t get bonus points for paying for purchased Hilton HHonors points with a Hilton co-brand credit card, as the purchase is processed by points.com rather than Hilton.
I’m close to a buyer of Hilton points at half a cent apiece.