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Hilton Hhonors and Membership Rewards - 33% transfer bonus

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Got a mailed promotion from Hilton that offers me 2000 HHonors points for every 1000 I transfer from AMEX Membership Rewards. It states that it is a 33% bonus.

1) Are any of you taking advantage of this - Is it worth it in comparison to transfering to airline programs?
2) A 33% bonus? If I get 2K for every 1K, isnt that a 100% bonus or am I missing something?

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