Transfer Amex Points To Hilton Honors With 20% Bonus: Worth It?

The American Express Membership Rewards program has just launched a new 20% transfer bonus to Hilton Honors. We see transfer bonuses between the programs with some frequency. While this offer might sound nice, especially with the 1:2 transfer ratio in the first place (before the bonus), this isn’t an offer I’d personally recommend taking advantage of. However, everyone has to decide for themselves