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Update: And it’s dead once again.

Update: This is once again possible, and most definitely won’t last. Being able to redeem Hilton points for 0.5 cents each towards Amazon purchases is an excellent deal, in my opinion.

Last year Hilton made it easier to redeem Hilton Honors points, and as part of that, they introduced the functionality to redeem points for Amazon purchases. This works much in the same way as how Amex Membership Rewards points can be used to pay for Amazon purchases.

The catch is that this almost never represents a good deal. For example, when the functionality was introduced with Hilton, Honors points could be redeemed for 0.2 cents each towards Amazon purchases.

That’s an awful value, since I think Honors points are worth 0.4-0.5 cents each.

That’s why it’s remarkable that at the moment it appears you can redeem Honors points for 0.5 cents each towards Amazon purchases. That’s on the high-end of what I value Honors points, so to be able to “cash out” points at that rate is a phenomenal deal.

You can redeem them at that rate towards virtually any Amazon purchase, including Amazon gift cards, or gift cards with retailers including StarbucksUberSouthwest AirlinesAirbnbHotels.comWhole Foods, etc.

Now, I’m not sure if this redemption rate is permanent. It sounds too good to be true to me, so if you’re looking to burn Honors points, I’d recommend doing so ASAP, as I imagine this is limited time.

For example, here’s the Honors account I have linked to my Amazon account:

When I add a $50 Amazon gift card to my account, I have the option of redeeming 10,000 Honors points for it:

Do note that unfortunately some people are reporting issues linking their Amazon and Hilton accounts right now. I’m not sure if this is an issue everyone is having, or just some people. For those who have already linked accounts, though, you should be able to redeem at this rate.

Do you plan on redeeming Honors points for Amazon purchases at this rate? Please report back with your experience!

(Tip of the hat to Doctor Of Credit)

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