The American Express Membership Rewards program has just launched a new points transfer bonus, which is one we’ve seen several times in the past. It’s not an offer I get too excited about, but maybe others will feel differently. Transfer Amex points to Hilton Honors with 20% bonus Should you transfer Amex points to Hilton with a bonus? Bottom line Between April 28 and May 30, 2026, the Amex Membership Rewards program in the United States is offering a 20% bonus when you transfer points to Hilton Honors. Points ordinarily transfer between the programs at a 1:2 ratio, meaning that during this promotion, points transfer at a 1:2.4 ratio. In other words, you get 2,400 Hilton Honors points for every 1,000 Amex Membership Rewards points transferred. There are lots of great credit cards in the United States that earn Amex Membership Rewards points . When it comes to transferring Amex points , you can expect that conversions to Hilton Honors are typically instant .…