Hilton Honors American Express Surpass® Card annual-fee breakeven
In a general scenario (default spend mix + every catalog credit used in full), the Hilton Honors American Express Surpass® Card ($150 annual fee) is worth credits $200 + incremental earn $220.80 = $420.80 in year 1, or $270.80 after the fee.
Key Takeaways
General-scenario verdict: Worth keeping
Using every catalog credit in full already covers the fee. On earn alone, the breakeven is $26,087 a year of spending in the same mix.
Annual fee: $150 · Credits /yr: $200 · Incremental earn /yr: $220.80
Year-1 value: $420.80 · After fee: $270.80
Worth keeping
Catalog credits (annualized)
| Credit | Cycle | Per period | Annual |
|---|---|---|---|
| Hilton credit $50/quarter | quarterly | $50 | $200 |
Incremental earn on the default spend mix
| Spend category | Monthly spend | Earn rate | Point value | Incremental /yr |
|---|---|---|---|---|
| Dining | $400 | 6x (category rate) | 0.6c | $76.80 |
| Groceries | $600 | 6x (category rate) | 0.6c | $115.20 |
| Gas (personal) | $150 | 6x (category rate) | 0.6c | $28.80 |
| General travel | $300 | 3x (everything rate) | 0.6c | $0 |
| Flights | $150 | 3x (everything rate) | 0.6c | $0 |
| Amazon · Whole Foods | $200 | 3x (everything rate) | 0.6c | $0 |
| Drugstores | $100 | 3x (everything rate) | 0.6c | $0 |
| Everything else | $1,000 | 3x (category rate) | 0.6c | $0 |
| Office | $200 | 3x (everything rate) | 0.6c | $0 |
| Shipping · Ads | $100 | 3x (everything rate) | 0.6c | $0 |
How this is calculated
Each default-spend category's earn rate times the card's point value, minus a 2% baseline, floored at $0 per category, summed over the monthly mix. Credits are catalog face values annualized. Same math as the renewal analysis; a general-scenario estimate, not your own wallet.
FAQ
What is the breakeven point?
The spending level where the card's year-1 value (credits + incremental earn) equals its annual fee.
Why compare against a 2% card?
A no-fee 2% card is the baseline. Incremental earn shows how much more this card earns than that baseline, using the same math as the renewal analysis.
Is using every credit realistic?
No -- full use is the maximum. Recompute with only the credits you actually use for a breakeven that fits you.
Sources
- Every figure is computed at request time from the DanHana catalog (annual fee, credits, earn rates, point values). When the catalog changes, this page changes too.
Page updated: November 3, 2026
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