American Express is running a 20% transfer bonus on Membership Rewards (MR) points transferred to Hilton Honors, valid through May 30, 2026. This means cardholders can convert 1,000 MR points into 2,400 Hilton Honors (HH) points, providing significantly better value than the standard 1:1 transfer rate.

This bonus comes after community discussions about the relative scarcity of Amex transfer bonuses earlier in 2026, making this promotion notable for cardholders looking to maximize redemption value on their MR balances.

The bonus applies to any American Express card that earns Membership Rewards points, including premium cards like the Gold and Business Gold, as well as entry-level options. Hilton Honors cardholders can also leverage this promotion to bolster their balances ahead of planned travel.