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The card earns 1.5 miles per dollar, with no foreign transaction fees. Flying Club members are able to exchange miles at the following rate: 2 Flying Club miles for 3 Hilton Honors points. Minimum Level: 10,000 miles and then in increments of 10,000. Just call the Flying Club Helpline with your Honors account number.
That's a very poor value. You'd have to rack up 66,000 points to get 99,000 Hilton Honors points (worth about $594), or the equivalent of 1.4 cents per dollar.