Note: You can exchange of 40,000 HHonors Bonus Points for $50 in gift cards (see more info here) or 5 free nights in category 1 hotels (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
Hilton HHonors points required for a free reward night range between 7,500 points for a Category 1 hotel and 80,000 points for the Waldorf Astoria Hotels & Resorts. Free nights (for standard room, double occupancy) are defined by Hilton HHonors in the Hilton HHonors program Terms and Conditions. Visit HiltonHHonors.com/terms for complete Terms and Conditions.
Points will appear on your Hilton HHonors account within 4-6 weeks of the qualifying purchase.
LINK 1
LINK 2
LINK 3
