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Through this weekend they have a lot of FHR properties that are doing stay 2 nights get the third free, so if you get that offer coupled with the $200 back it turns into a great deal.
Amazing thanks
Rising Star
Used it a few weeks ago at the Thompson Hotel in Dallas. Usually ~$250 a night. Several Dallas FHR can be had for that price.
Yeah I used it paired with the 2020 covid bonus. Emptied my points for a ridiculous hotel on my honeymoon. Paid for almost half a night. Well worth it.
Yea the cheapest option <$200 i can find is in Vegas for one night Sunday-Thursday. But note that the resort fee cannot be covered ($45ish) by the credit
Also there are a lot more options <$200 outside of the US
Book- wait for credit- cancel- get banned from
Amex ;)
Pro
Just used it in Hawaii, paired it with a $350 property credit Amex was offering on bookings through the portal. Upgraded to oceanfront room, free breakfast and all that stuff, and they waived the resort fee because Amex Plat holders don't pay for WiFi and that's part of the resort fee. Considering Bonvoy also is giving points for their FHR properties booked thru Amex, my Luxury Collection hotel was a better deal than many others on the island.
Pro
In other words, with the FHR benefit, it's not just the $200 credit - the other benefits that came with it made it overall a better experience and value than some cheaper hotels.