This is my review of the Hilton Honors UK Platinum Visa credit card.
This article was updated on 3rd February 2017 and is correct as of that date.
It is part of my series of articles looking at the major UK loyalty credit cards and discussing whether or not they are worth applying for. These articles will be linked to the relevant sections of the ‘Credit Cards Update‘ page. My other UK airline and hotel credit card reviews can be found here.
If you want to check your credit record before applying for a new card, click here to get your free Equifax credit report and score. Your first 30 days are free then it’s £14.95 per month. You can cancel at anytime.
As with all rewards cards, this is not a suitable product for you if you do not clear your balance in full every month. You should focus on a credit card with a low interest rate such as the AA Low Rate Card. This has a very attractive representative APR of 5.85% variable on purchases and balance transfers.
Key facts: No annual fee
The representative APR is 18.9% variable.
About the card
The Hilton Honors Platinum Visa is issued by Barclaycard.
I am a strong supporter of this card and have taken it out twice over the last five years, although recent changes to the rules mean that it is no longer possible to get a 2nd sign-up bonus. I redeemed the free night certificate for a suitably expensive hotel on both occasions!
Who can apply?
Barclaycard spent much of 2016 changing the rules back and forth on who can and cannot apply for the card.
At the present, there are no longer any restrictions on applying irrespective of what other Barclaycard products you may have.
However, if you have previously had the card then you will not receive a 2nd sign-up bonus if you re-apply.
What is the sign-up bonus?
A free weekend night at any hotel in the Hilton system (not just the Hilton brand properties) when you spend £750 within 90 days – something that anyone should be able to achieve easily.
A ‘weekend night’ is treated as Friday, Saturday or Sunday for the purposes of redeeming the voucher.
There are no additional restrictions on using the free night – if a standard reward night is available, you can use the free night voucher. You are e-mailed when you have hit the qualifying spend (in my experience, this can take a few weeks) and you must ring Hilton to redeem it.
This is clearly a very valuable benefit. At the extreme end, a night at the Conrad Maldives would be worth well over £750. A free night at a top property in London or New York, such as the Conrad New York I reviewed here, would be worth £250+.
The only point you need to remember is that the voucher is only valid for six months. If you want to use it over the Summer, do not apply for the card in the Autumn or Winter!
You should also note that you can only earn the voucher ONCE. If you cancel the card and later reapply, new rules state that you will NOT earn a second voucher.
Any other benefits?
You get Hilton Honors Silver status for as long as you hold the card. I do not rate these benefits too highly, as Silver is not worth much. The official list of Silver and Gold benefits can be seen here.
You will receive Hilton Honors Gold status when you spend £10,000 on the card in a calendar year (note, calendar year, not card year). I used to rate this benefit highly as Hilton Gold is probably the best mid-tier status in the hotel industry (free breakfast, room upgrade). However, Hilton Gold status is now available for free, without any spending requirement, if you take out an American Express Platinum charge card.
You also get 2,500 bonus Hilton Honors points for each of your first four stays (within 12 months) after getting the card. This is obviously worth having, and is worth about £30 of free hotel stays.
What is the annual fee?
There is no annual fee.
What do I earn per £1 spent on the card?
The earnings rate on the card is 2 Hilton Honors points per £1 for general spending (3 per £1 at Hilton properties). In my experience, Barclays is slow at posting the points to your card and it can take a month from receiving your statement for them to appear.
Remember that the Hilton card has an FX fee of almost 3% for foreign currency transactions. You may want to consider getting a separate card to use abroad which charges no foreign exchange fees. I recommend the Lloyds Avios Rewards card which also earns Avios points – even on your 0% FX transactions! It comes with a 4,500 Avios sign-up bonus if I refer you. My review of the Lloyds Avios Rewards card is here.
What is a Hilton Honors point worth?
Long time Head for Points readers will know that Hilton massively devalued their reward scheme in 2013.
If you were the sort of person who redeems their hotel points for stays at five-star properties in major cities, then you took a major hit. The price of a night in a top London or New York property went up from 50,000 points to 80,000 points (with some seasonal variation). Conrad Maldives jumped from 50,000 points to 95,000 points per night.
If you work on the basis of a 5-star hotel in a major city being worth £250, then the value of a Hilton Honors point dropped from 0.5p to 0.3p. This meant that the return from your card spend – at 2 points per £1 – dropped from 1% to 0.6% of your spending.
In the current credit card market, however, getting 0.6% of your spending back on a FREE Visa or MasterCard is arguably an attractive proposition. The free IHG Rewards Club card, for example, only gives 1 point per £1 which I value at 0.4p-0.5p.
Regional, smaller city properties were not devalued at highly. However, these properties were arguably overpriced in the first place. If you can book either of the Prague Hilton properties for 30,000 points, for example, you are arguably still getting 0.5p per point. Your card spend is worth 1% back on this basis which is very good.
How does this compare to a cashback credit card?
My default comparison card is the AA FuelSave Credit Card. This card is free in the first year and offers 0.5% cashback on all spending, 2%-4% cashback on fuel purchases and – in year one – free AA breakdown cover. The representative APR is 22.4% variable. Another good option is the ASDA Cashback Credit Card which is free for life and offers 0.5% cashback. The representative APR is 19.9% variable.
The Hilton card beats these, although you are trading cash for illiquid points, with the extra carrot of Gold status for spending £10,000.
That said, the sheer number of points needed for a free night at a high-end property means that this card is of little long-term use if you do not stay at Hilton properties and collect points that way as well. Spending £40,000 to get a single free night at the Conrad New York is too much work for me.
How else can you earn Hilton Honors points from a credit or charge card?
There are two alternative ways of earning Hilton HHonors points from your card spending:
The American Express Platinum charge card offers 30,000 Membership Rewards points for signing up. These convert to 60,000 Hilton points. It has a £450 fee, refunded pro-rata if you cancel.
As the earning rate on these Amex cards is the same as the Hilton card (you earn 1 Amex point per £1, which converts to 2 Hilton points) you may find the Amex route preferable for long-term spending. You retain more flexibility – you can transfer to Hilton as and when needed, but you can also transfer to many other hotel and airline schemes if you change your plans.
The downsides to this plan are the annual fees on Amex cards, more limited acceptability than a Visa and the lack of the £10,000 Hilton Honors Gold status upgrade (albeit Amex Platinum offers this too, along with a lot of other hotel status cards) and the 2,500 point bonus for your first four stays.
It is difficult to argue that this is most generous sign-up benefit currently offered on any Visa or MasterCard in the travel sector. If you maximise the use of your free night you will receive a hotel room worth £250+ and the £750 qualifying spend to trigger it is very low. The lack of an annual fee makes this an even better deal.
On-going earning is less interesting. If you are careful about where you redeem, you may still get 0.5p per Hilton point, so 1% of your spend back. However, unless you collect Hilton Honors points from other sources, you will struggle to get enough for a free night. The 2,500 extra Hilton points for each of your first four stays after getting the card is a decent bonus.
The free upgrade to Hilton Silver gives few practical benefits. Gold status for £10,000 spend may be worthwhile but it depends on your personal Hilton stay pattern. The benefits (free breakfast, upgrade) are decent.
The application form for the Hilton Honors Platinum Visa can be found here.
(Want to earn more miles and points from credit cards? Click here to visit our dedicated airline and hotel travel credit cards page or use the ‘Credit Cards Update’ link in the menu bar at the top of the page.)
Disclaimer: Head for Points is a journalistic website. Nothing here should be construed as financial advice, and it is your own responsibility to ensure that any product is right for your circumstances. Recommendations are based primarily on the ability to earn miles and points and do not consider interest rates, service levels or any impact on your credit history. By recommending credit cards on this site, I am – technically – acting as a credit broker. Robert Burgess, trading as Head for Points, is regulated and authorised by the Financial Conduct Authority to act as a credit broker.