Hilton credit cards - why?

[Cat18]

Trying to understand why people collect Hilton points by signing up for multiple cards in order to use them at high end hotels (@ 95k/ night) when FNC are selling in the range of $250-275/ night (versus using almost the entire SUB for 1 night)

just curious as using this method requires credit pulls, annual fees and spending money. I do understand there are other benefits i.e. status, but that be achieved by having a friend with status book for you. Only thing missing is 5th night free but cant see that outweighing all else.

by my calculations:

5 nights @ 95k each = 380k points or 5 FNC @ $250 = $1250

Now while 380k points is the SUB from 3 cards on average, you cant value the points directly against the above $1250 as .....
 
you also need to include 3 x hard credit pulls, approx $300 in annual fees, $9000 in required spending (which has a rounded value of $200 using a 2% cashback card).

In other words 1250 - 300 - 200 = $750/ 3 = $250 net value from each card and thats before even putting on a valuation for the credit pull.

I may be wrong but I aim for a $500 SUB valuation in deciding whether its worth having a credit pull and .....

[Davidthebest]

For me, I was unaware (until fairly recently) that there was a thriving marketplace of FNC. Now that I am aware, I agree with the premise of your question.

That being said, Surpass can still be a reasonable deal if you have access to grocery store MS. $15K in grocery store MS gets you 90,000 points + a free night cert. And HH Gold status too. That's a solid deal.

Whats FNC?

[yungermanchik]

Whats FNC?

These

[1avigrun]

Trying to understand why people collect Hilton points by signing up for multiple cards in order to use them at high end hotels (@ 95k/ night) when FNC are selling in the range of $250-275/ night (versus using almost the entire SUB for 1 night)

just curious as using this method requires credit pulls, annual fees and spending money. I do understand there are other benefits i.e. status, but that be achieved by having a friend with status book for you.

Aspire and business card great aspire pays for itself and a little more plus the free night and buisness get a free night after $15,000 spend and another one after another $45,000

[1avigrun]

Whats FNC?

Free night certificate

[Cat18]

Aspire and business card great aspire pays for itself and a little more plus the free night and buisness get a free night after $15,000 spend and another one after another $45,000

Aspire no longer has a business version, but i do agree with you that the personal Aspire is valuable (though it uses up a 5/24 slot and costs $450) as it has a $250 Airline Fee Credit, $250 Hilton Resort Credit, $100 Property Credit, Free Weekend Night Reward upon account activation all in addition to a 150k points SUB.

Despite all that, the Aspire is just 1 out of the 4 available Hilton ones that people collect.

[1avigrun]

Aspire no longer has a business version, but i do agree with you that the personal Aspire is valuable (though it uses up a 5/24 slot and costs $450) as it has a $250 Airline Fee Credit, $250 Hilton Resort Credit, $100 Property Credit, Free Weekend Night Reward upon account activation all in addition to a 150k points SUB.

Despite all that, the Aspire is just 1 out of the 4 available Hilton ones that people collect.

I meant 2 cards aspire and the Hilton buisness

[tavster]

https://frequentmiler.com/huge-changes-to-amex-hilton-honors-business-card-no-more-free-night-higher-annual-fee-and-more/