I never understood the value of the Budapest award. I have booked the Budapest Hilton for as low as 99 Euros (and you know this includes tax). They have a very good Diamond treatment there and I would not waste 110.000 points for that award (I would not even waste 70k points for that). A city tour in Budapest might be around 20 or 30 Euros and to be honest: In Budapest most interesting sights are in walking distance either from the Hilton or down the hill starting from the Funicular.