By Bryce Casson, Founder · Cardocrat · Updated June 2026
The short answer: Hilton Honors has one of the worst devaluation records in hotels. It moved to price ranges in 2013, eliminated its award chart in 2017, and has lifted its standard-room cap from 95,000 points to 120,000, then 150,000, 200,000, and 250,000 points in rapid succession through 2025, with mid-tier hotels hit in 2026. Hilton points are now worth only about half a cent each.
From chart to ranges to no cap
Hilton started devaluing early, moving to price ranges in 2013 with increases of up to 90 percent at some hotels, then eliminating the award chart entirely in 2017. Promises not to raise rates did not hold, and without a chart there was no protection. The program has used the lack of transparency to push prices up quietly ever since. See Hilton Honors guide.
The standard-room cap explosion
The clearest measure is the cap on standard-room awards. It sat at 95,000 points, rose to 120,000 in 2022, then to 150,000 in December 2024, 200,000 in May 2025, and an eye-watering 250,000 points in September 2025, more than doubling at some hotels. In 2026, Hilton turned to mid-tier properties, raising those too. Luxury and aspirational hotels, where points should shine, took the biggest hits. See what points are worth.
What Hilton points are worth
After all this, Hilton points are worth only around half a cent each, among the lowest of any major program, which is why the Amex 1-to-2 transfer ratio nets close to the floor. The honest approach is to earn Hilton points through stays and the co-branded cards, redeem them quickly at properties where the cash rate is high, and never treat them as a store of value. See is it worth transferring Amex to Hilton and the devaluation overview.
Frequently asked questions
How much are Hilton Honors points worth?
Around half a cent each, among the lowest of any major hotel program, largely because of repeated devaluations. That is why the Amex one-to-two transfer to Hilton nets close to a single cent per Membership Rewards point.
When did Hilton remove its award chart?
Hilton moved to price ranges in 2013 with increases up to 90 percent, then eliminated its award chart entirely in 2017, after which award prices rose steadily and without much transparency.
How high have Hilton award prices gone?
The standard-room cap rose from 95,000 points to 120,000 in 2022, 150,000 in December 2024, 200,000 in May 2025, and 250,000 in September 2025, with mid-tier hotels devalued in 2026.
Should I hoard Hilton points?
No. They are low-value and devalue often, so earn them through stays and co-branded cards and burn them quickly at hotels where the cash rate is high. They are a poor store of value.
Bryce Casson, Founder of Cardocrat. Every card is ranked by what it actually returns, with all points valued at a flat 1 cent and offers verified against issuer sources. About the author.
