There is a bunch of news with hotels/rental stays with American Express today. There is a Membership Rewards transfer bonus to Hilton HHonors (I’m not sure if it is targeted), they have just partnered with airbnb and there is also an airbnb Amex offer.
Hilton HHonors Transfer Bonus
When I logged into my American Express account this morning, I noticed under the Membership Rewards transfer partners that there is a bonus for transferring points to Hilton HHonors right now.
1,000 Membership Rewards points will net you 2,010 Hilton HHonors points, but is it a good deal?
If you value Hilton HHonors points at about .4 cents each as I do, this means that you are only redeeming Membership Rewards points for just over .8 cents a piece. Although this is better than the standard transfer ratio, which I never recommend doing, it is still a bad use of Membership Rewards points.
Partnership With airbnb
The good news is that you can now use your Membership Rewards points to pay for stays with airbnb. In case you are unfamiliar with airbnb, this is a description of their service:
Founded in August of 2008 and based in San Francisco, California, Airbnb is a trusted community marketplace for people to list, discover, and book unique accommodations around the world — online or from a mobile phone or tablet.
Whether an apartment for a night, a castle for a week, or a villa for a month, Airbnb connects people to unique travel experiences, at any price point, in more than 34,000 cities and 190 countries. And with world-class customer service and a growing community of users, Airbnb is the easiest way for people to monetize their extra space and showcase it to an audience of millions.
The match customers with private individuals to rent their property and can provide a unique experience since these are not cookie cutter hotel rooms. The prices are also very reasonable. A search for a stay in Paris yielded these four results on the first page.
Now for the bad news. Using your Amex Membership Rewards points will only net you about .7 cents per point. This isn’t the best way to use points.
airbnb Amex Offer
Although using Membership Rewards points to use airbnb is a bad idea, there is a GREAT Amex Offer out there for $50 back when you spend $100 or more with airbnb!
It IS a good idea to use this offer, and I suggest that if you plan on booking more than one stay through airbnb that you read my post on How To Load Amex Offers To More Than 1 Card.