Amex with a 30% transfer bonus (that you probably shouldn’t do)

You can now transfer American Express Membership Rewards points to Hilton Honors and receive a 30% bonus. This offer will end November 30, 2018.

Here is the basic terms of the bonus offer:

• Minimum transfer is 1,000 Membership Rewards points.
• Redeem for this exclusive offer from 12:00 a.m. MT on September 25, 2018 to 11:59 p.m. MT on November 30, 2018, 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

You normally get 2 Hilton Honors points for one American Express Membership Reward point, so the 30% bonus makes it a 1 to 2.6 transfer from Membership Rewards to Hilton.

Why I probably won’t transfer any

Membership Rewards are one of the more valuable points currencies out there – and one of the big reasons is how flexible they are. I would value Membership Rewards at about 2 cents per point (around triple the value of Hilton Honors points). So even with the 30% bonus it’s probably not a great opportunity for most people. The only way I could see this being worth doing would be if you

• Have a LOT of Membership Rewards
• And you have a specific Hilton stay upcoming where paying with points makes sense

If you’re low on Hilton points, you might check out some of the all-time welcome offers on the American Express Hilton cards

(SEE ALSO: 475,000 Hilton points with these new card welcome offers)

Have you taken advantage of this bonus promotion? If so, where are you heading?