Is this right? 1.5k Chase UR --> 10k Hhonors points?
I typically stay at Hilton properties for biz travel, earn Diamond status most every year, always looking for deals to accumulate more Hhonors points.
Thanks to this forum, we have converted most of our credit cards to Chase - CSP, Freedom for persnal use, Ink Plus fo biz.
Just realized that it is possible to exchange 1.5k Amtrak Rewards for 10k Hhonors Points, and URs can be converted directly to Amtrak Rewards in 1k increments. Our goal is to get at least $0.02 value per UR point (biz class travel to Europe; short haul AS Mexico flights via Avios conversions; cheap hotel stays via Priority Club conversion Point Stretchers). If my math is correct, this is equivalent to $0.003 per Hhonors point, which translates to a substanital discount for higher end Hilton properties.
Does anyone have any experience with such transactions? Is it as simple as stated above, or am I missing something; seems a bit too good to be true.