The Offer
Enjoy 2 Hilton HHonorsTM Bonus Points for each ThankYou Point you transfer until 2/8/2017.
Key Terms
- Bonus Points Offer is valid for Points Transfers completed between 11/13/16 12:01 AM ET and 2/8/17 11:59 PM ET
- For the Bonus Points Offer, you will receive 2 Hilton HHonors Bonus Points for each ThankYou Point transferred during the promotional period listed above.
- That is 0.5 Bonus Points in addition to the base redemption rate of 1 ThankYou Point to 1.5 HHonors Bonus Points, for a total of 2 Hilton HHonors Points.
- There is a maximum of 500,000 ThankYou Points that you can transfer per Points Transfer.
- The Hilton HHonors Bonus Points of this offer will be posted to your Hilton HHonors Member Account within 3 business days.
Need to Know
- The normal transfer rate is 1:1.5.
- At 1:2 this still doesn’t represent a great value unless you have a specific use for the points.
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[…] Transfer Bonus from Citi ThankYou to Hilton HHonors — Get 2 Hilton points for 1 Citi point, which is a pretty terrible deal unless you’re topping off an account for a specific award stay. As Hilton points generally only get 0.4 to 0.5 cents per point in value, transferring may get you less value than you would by booking through the Citi ThankYou travel portal for 1 cent per Citi point. Neither situation represents particularly good value out of Citi ThankYou points — again, unless perhaps you’re just a couple thousand points shy of a high-value award stay or — you want to book an AXON award before they disappear. Which, considering the opaque changes coming to Hilton Honors this month, might not be such a bad idea. […]
When you cashed out Citi TY points (mortgage), is it taxable income, ie getting 1099?
If someone has excess Thank You points that they are considering cashing out like you did and values Hilton points on occasion, it might make sense, especially if the cash out is taxable.
Would appreciate your thoughts.
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