Multiple reports on Reddit have made clear that American Express is actually valuing Hilton points at .67 cents per point on the Form 1099MISC, not 1.25 cents reported earlier today.Â
The 1.25 cent valuation was really just coming from one report, they probably didn’t realize how many referrals they had. Many reports are now coming in with the .67 cents valuation. (1, 2, 3, 4, 5)
This makes much more sense – it’s illogical that Amex has some crush on Hilton points with the 1.25 cent value, more than all other currencies. Conversely, the .67 cent value makes perfect sense, in line with what’s apparently known that Amex limits people to 82,090 points per year since that equates $550 which is Amex’s max referral bonus per card per year.
Here’s an image with a Form 1099 of $402 which wouldn’t make sense with a 1.25 cents valuation no matter how you cut it, but makes perfect sense with a .67 cents valuation of 60,000 points (3 referrals).
