Update 06/11/19: Hilton has now confirmed this devaluation providing this statement to VFTW:
Since the launch of Points & Money two years ago, our team regularly monitors the performance of the program and makes necessary tweaks along the way. Points & Money is performing very well and we’re thrilled so many members are taking advantage of it.
A few days ago we made a slight shift in the program and as we previously shared, while we won’t be sending updates for each and every shift, we are fully committed to delivering the best value to our members, and will carefully consider any adjustments for Hilton Honors properties.
As Points can flex depending on the hotel and date, visit https://pointsexplorer.hiltonhonors.com/ to search desired hotels, destinations and preferred dates to book your next stay at over 5,000 Hilton hotels. Hilton Honors is the only program that allows members to make use of ANY combination of Points and money starting at just 5,000 points to redeem at one of our properties.
According to Flyertalk user xyc Hilton has devalued Hilton points again, with a lot of properties now costing significantly more than they did before. It looks like this price change went into effect on June 8th. Hilton moved to a dynamic rewards program in early 2017, so it’s very difficult to determine when a large devaluation such as this has taken place. If you’ve noticed any price increases on properties you’ve been monitoring then please share them in the comments below. The flyertalk thread linked at the start of this post also contains numerous examples although it’s hard to independently verify that as I’m unsure how much the properties originally cost.
Hat tip to The Gate
I know I’m late to this, but I have this card and rarely ever use the Hilton points any longer. I only have about 140k. What should/could I do with them? Should I just convert to a regular Amex? Can I even?
What about the current points – I see that some have cashed out, but I’ve never been able to.
really, the best way to use points for Hilton is my transferring MR points to your account. You’ll get double the points. But yeah.
There’s still a lot of value that can be found out there for Hilton. I’m planning a Bora Bora trip in which I should redeem points at a 1.45 value. Hoping I can get upgraded for even better value.
But yeah. I can’t completely blame Hilton. Reading their financial statements, the rewards program cost them quite a bit of money. A liability of $1.4 billion with $600 million in expenses in 2017. Their total net profit was $1.2 billion.
Glad I was able to cash out at the very increased Amazon conversion rate and get Visa gift cards. Hope that comes back sometime
I opened the no AF Hilton card for the easy 100k/$1k pick up I look forward to my 1 maybe 2 nights at an airport Hilton.
about 6 months ago i took a hilton vacation resorts timeshare type visit offer to stay at Trump Vegas for a nominal amount.. had to sit through the presentation… and a lot of it revolved around booking your holiday with a fixed number of points being doled out every year… the points can be used at Hilton hotels as well…I don’t remember the details now…. what a major scam for those people who entangle themselves in this Hilton program… for (payments of $30 to $125k if I remember correctly!)
Shall I CANCEL all my Hilton credit cards ASAP?
Sure devaluation. And i dont think its just based on cost either. One of the hilton i stay frequently changed from 10k to 20k points for anyday i search.
Both the Homewood Suites and adjacent Hilton Garden Inn located in Beaverton, OR (great for westside Portland trips) went UP by 10K points. Checked a variety of dates thru August. And now with this devaluation my drop from former Hilton Diamond down to Silver may not have even reached rock bottom yet.
Hilton Tokyo appears to have moved from 60k to 70k for a standard room. Got lucky I booked my 3 nights a couple weeks ago. However, Hilton Osaka appears to have dropped from 70k to 60k standard room.
I can’t even find a standard room for the Hilton Tokyo. I only see Premium which is 91k. I’ll be staying at the Hyatt Regency Tokyo for 17K points per night.
Dang. Glad I got my stay in April. Did 5 nights and felt it was good value.