New 40% Amex transfer bonus for Hilton, 25% Cathay Pacific bonus still alive
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Redeeming your points with Amex transfer partners during large promotional bonuses is often the best way to use Amex points. But whether or not a transfer bonus is worthwhile largely depends on the partner.
Now through October 31, 2020, there is a 40% transfer bonus to Hilton. Let’s take a brief look at what you can do with Hilton points and Asia Miles.
Current Amex transfer bonus deals
Below is a list of the current Amex transfer bonuses which apply to cards that earn Amex Membership Rewards points, like the following:
|Card||Welcome bonus & minimum spending requirements|
|The Business Platinum Card® from American Express||Earn 75,000 Membership Rewards® points after you spend $15,000 on qualifying purchases within your first 3 months of Card Membership.|
|American Express®️ Green Card||Earn 30,000 Amex Membership Rewards® Points after you spend $2,000 on purchases in your first three months of account opening. Terms Apply.|
|The Blue Business® Plus Credit Card from American Express||Earn up to $300 when you make eligible purchases with Dell Technologies, DocuSign and FedEx within the first three months of Card Membership (up to $100 per merchant, in the form of statement credits). This offer will run through November 4, 2020|
|The Platinum Card® from American Express||60,000 Amex Membership Rewards® points after spending $5,000 on purchases within the first three months of opening your account. Terms Apply.|
|American Express® Gold Card||35,000 Amex Membership Rewards® points after spending $4,000 in purchases in the first three months of account opening. Terms Apply.|
|American Express® Business Gold Card||Earn 35,000 Membership Rewards® points after you spend $5,000 on eligible purchases with the Business Gold Card within the first three months of Card Membership. Terms Apply.|
|Amex EveryDay® Preferred Credit Card from American Express||15,000 Amex Membership Rewards® points after spending $1,000 on purchases within the first three months of opening your account. Terms Apply.|
|Amex EveryDay® Credit Card from American Express||10,000 Amex Membership Rewards® points after spending $1,000 on purchases within the first three months of opening your account. Terms Apply.|
To see which deals your Amex Membership Rewards account is eligible for follow these steps:
- Log into your Amex account
- Select one of your cards that earns Amex points
- Click “Explore Rewards”
- Then select “Transfer Points”
- To see all your transfer options click “View All”
Any transfer partner targeted for a bonus will have the offer listed.
40% transfer bonus to HiltonExpiration date: October 31, 2020 Transfer ratio: 1,000:2,800
Amex points regularly transfer to Hilton at a ratio of 1:2 (1 Amex points = 2 Hilton points). With this bonus, you’ll earn 2.8 Hilton points for every Amex point you transfer. What does this mean for you?
The 60,000 bonus points you’ll earn after spending $5,000 on purchases in the first three months of account opening The Platinum Card® from American Express could equal 168,000 Hilton points! There is no Hilton award chart, but Hilton prices its hotels between 5,000 and 95,000 points, depending on hotel quality (there are a few exceptions).
We estimate that Hilton points value averages around 0.5 cents each, so you’ll get a value of 1.4 cents per Amex point by taking advantage of this transfer bonus. However, we estimate Amex points value to be around 2 cents each. So, if you plan to transfer your Amex points to Hilton, you’ll want to ensure you’re receiving a value of AT LEAST 0.7 cents per point for your stay.
Even so, this bonus isn’t strong enough to convince many of us to transfer our points to Hilton. There are many more valuable ways to use Amex points (namely for unbelievable business and first class seats on airlines), so unless you’re desperate for Hilton points, maybe better to simply open a Hilton credit card to accrue points. They’ve got gigantic bonuses, after all.
Cathay Pacific Asia Miles 25% transfer bonusExpiration date: Dec. 31, 2020 Transfer ratio: 1,000:1,250 Good deal or not: Asia Miles is a solid currency. You can receive good value from them, though their award chart isn’t stellar. What does make their program stand out is that they offer increased award availability on Cathay flights when booking through Asia Miles, so you’re more likely to find that coveted first or business class seat.
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The Platinum Card® from American ExpressAPPLY NOW
The Platinum Card® from American Express
Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
Enjoy VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status available to Basic Card Member only.
5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
5X Membership Rewards points on prepaid hotels booked on amextravel.com.
Enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts® program at over 1,000 properties. Learn More.
$200 Airline Fee Credit, up to $200 in statement credits per calendar year in baggage fees and more at one qualifying airline.
Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. That’s up to $50 in statement credits semi-annually. Enrollment required.
$550 annual fee.
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Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)