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:
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 Hilton
Expiration 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 100,000 bonus points you’ll earn after spending $6,000 on purchases in the first six months of account opening The Platinum Card® from American Express could equal 210,000 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 bonus
Expiration 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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Featured image by JT Genter
The Platinum Card® from American ExpressAPPLY NOW
The Platinum Card® from American Express
Earn 100,000 Membership Rewards® Points after you spend $6,000 on purchases on the Card in your first 6 months of Card Membership.
Plus, earn 10x points on eligible purchases on the Card at restaurants worldwide and when you Shop Small in the U.S., on up to $25,000 in combined purchases, during your first 6 months of Card Membership.
Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year.
Earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel.
$200 Hotel Credit: Get $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel when you pay with your Platinum Card®.
$240 Digital Entertainment Credit: Get up to $20 in statement credits each month when you pay for eligible purchases with the Platinum Card® at your choice of one or more of the following providers: Peacock, Audible, SiriusXM, and The New York Times. Enrollment required.
New! American Express has expanded The Centurion® Network to include 40+ Centurion Lounge and Studio locations worldwide. Now there are even more places your Platinum Card® can get you complimentary entry and exclusive perks.
$200 Airline Fee Credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one qualifying airline.
$200 Uber Cash: Enjoy Uber 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.
$300 Equinox Credit: Get up to $25 back each month on select Equinox memberships. Enrollment required.
$179 CLEAR® Credit: Use your Card and get up to $179 back per year on your CLEAR® membership.
$695 Annual Fee.
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