Don't forget you can only redeem points from E-Rewards to a sponsor once a year - from the e-Rewards® Member Agreement
"Member’s redemption of e-Rewards Currency will be limited to one (1) gift per Sponsor in a given calendar year."

So just over $50.00 again, already redeem in February 02 for Hilton Points - if I understand correctly I can hold the points until March 31, 2003 without them expiring and redeem for Hilton Points then - everyone agree?