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Ready to finally book that dream trip post lockdown? Eyes set on Bora Bora sunsets, waking up in the Maldives, or a getaway to New York City? This promo could help you get on your way, but if you’re not targeted for 100% bonus then just realize you’re not getting the best deal. If you have a trip you’re looking to book, and buying points could make it cheaper, pull the trigger. Otherwise I’d suggest waiting until we have a best ever offer. Let’s take a look at this deal, what to be aware of, and some serious examples of how it can save you big bucks.
Why would you buy Hilton Points?
Buying any kind of point or mile comes with the risk that those points could be devalued before you have a chance to use them. The way around this is to buy them with a specific redemption in mind + when you see the award availability you want to book.
This way you know you’re getting the value you want out of the points you’re buying because you’re using them immediately. I’ll give a couple of examples further down in this post, but I’m not advising you to buy Hilton points without a specific purpose of use.
Hilton has raised the amount of points you can buy to 160k and get 160k bonus. In my opinion this is the best bonus structure since it increases your max to 320k if you’re targeted for the 100% bonus.
Hilton allows members to pool their points into a one account. You can transfer up to 500k from a single account, but up to 11 people can participate in a pool, and one member can receive up to 2,000,000 points in a given calendar year. So…you can certainly work around the restriction by having multiple people buy the points, you reimburse them, and then pool them all into your account. Is that a lot of work? Yes, but I’m just stating what’s possible.
If you’re getting married and wanting to take a dope honeymoon, you could have your loved ones can all contribute to help you reach your travel goal.
Holiday Hack…How to purchase points for paradise.
Hilton recently increased their prices on a load of their top tier properties from 95k to 120k. In fact, some hotels are even 150k. With that said, if you’re looking to stay in uber 5 star luxury…buying points can save you a boatload of cash if you’re already in the market for an expensive trip. The strategy is the same regardless of the class of hotel though…just make sure you’re saving money, and hopefully making use of a 5th night free.
Waldorf Astoria Pedegral Cabo. 120k per night, take advantage of pooling.
You’ll need 480k Hilton points to snag the Waldorf Pedegral, so if you’re starting from zero, you’ll need to pool. The cost? $2400 for 5 nights at a hotel that typically charges over $1k per night – and often over $1500. Remember, these are just examples and aren’t reflective of current Covid restrictions, so make sure you can get into your destination prior to buying.
Since Hilton allows pooling of up to 2 million points across multiple accounts, this deal is within reach. Note the most one account can merge is 500k.
As we said in the intro, don’t buy points speculatively. Also we’re giving outrageously aspirational and insanely expensive destinations to show the potential of deals like this so keep that in mind. Don’t buy points to redeem at your local Hilton Garden Inn by the airport unless it makes sense. Crunch the numbers. We’re just trying to show you what’s possible, and what we’re truly shooting for when we buy points during offers like these. In fact, we purchased last year and wrote an entire article about it.
If you’re interested in buying…use our link to support the site.
*feature image courtesy of Hilton
Monkey Miles has partnered with CardRatings for our coverage of credit card products. Monkey Miles and CardRatings may receive a commission from card issuers.
A Monkey Miles favorite for beginners and point pros alike – a staple of our wallet that earns Premium transferrable Ultimate Rewards. $95 annual fee
♥ Earn 60k Bonus Points after $4k Spend in 3 months
♥Points are transferrable to over dozen partners, or redeemable for 1.25c in Chase travel
♥5x on travel purchased via Chase Travel and 2x everywhere else
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♥3x on select streaming
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♥ $50 Annual Credit on hotel stays purchased via Ultimate Rewards. *New cardmembers can get this credit immediately – existing cardmembers get it after anniversary
♥ 10% Anniversary Point Bonus. Spend $10k in a year, get 1k bonus points.