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).
Through June 17 Hilton is offering a 100% bonus on purchased points.
When I go to the landing page I first see an offer that expired in December for a ‘mystery bonus’ but once I click through and log in the current 100% bonus offer appears.
Hilton usually charges a penny apiece for points, so with this bonus is selling points for half a cent each. That’s the cheapest I’ve ever seen Hilton sell points. And it’s the only time I’ve seen Hilton sell points for about what they’re worth.
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.
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 $20.
Even at top tier properties you can do well. Consider a high season 5 night stay at the Conrad Koh Samui:
You can get a $900 per night ocean villa with private pool for $380 per night worth of points.
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.
But combining Gold status, two free nights, and up to 160,000 purchased points could be a quick shot in the arm to a status-enhanced vacation on the cheap.
(HT: One Mile at a Time)