Deal: Buy Hilton points at $0.007 each till 20 Feb 2020

Hilton Honors is offering 100% bonus on all points purchases till 1259 hours on 20 February 2020. As usual, ignore the term “100% bonus”. You should only care about the actual price-per-point that is being offered. This offer means that you can now buy Hilton points at S$0.0068 each. This is about 3% cheaper than my valuation of $0.007 and it is also the lowest rate that Hilton has ever offered.

You will need to purchase a minimum of 10,000 points to receive the 100% bonus. The maximum number of points that you can purchase is 80,000, which would be doubled to 160,000 points for a total of US$800 (S$1,076).

Should I buy?

The usual rule-of-thumb applies; I do not recommend buying miles/points if you do not intend to use them in the foreseeable future. Buying Hilton points can put luxury hotels like Conrad Koh Samui on “sale”. This property requires only 95,000 points per night. That will cost you S$646 worth of points during this sale. 1 night at this property can cost as much as S$1,500 if you are paying the full price. It can also make cheaper hotels in the Hilton family incredibly cheap. With this points sale, you can stay in Hilton Garden Inn Bali for only $27.20 and Hilton Petaling Jaya for only $54.40! And this is before taking into account Hilton’s points bonus promotion that is running at the moment.

Which card to use?

I recommend using OCBC 90°N for 4 miles per dollar on foreign currency spending.

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