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Note: You can exchange of 40,000 HHonors Bonus Points for 5 free nights in category 1 hotels (see more info here) or $50 in gift cards (see more info here)
Terms:
40,000 Hilton HHonors Bonus Points after spending $1,000 within 4 months of account opening — That′s enough for a free1 night (for standard room, double occupancy) at a participating hotel within the Hilton Worldwide portfolio.2 40,000 HHonors Points can be redeemed for one night at a Category 6 hotel, or three nights at a Category 2 hotel — you decide how to use them