My best use of the Amex FHR credit so far was a 1 night stay at Portofino Bay at Universal. Room was about $500, which brought it to $300 after the credit. Staying at Portofino gets you the Express Pass at Universal Studios and IOA for everyone on the reservation for the length of your stay. With a one-night stay we had the express pass for both check-in and check-out day, which for 2 of us was worth about $600. The terms said we got a $100 hotel credit and free breakfast, but I think the breakfast worked as a set $ credit behind the scenes as well, because I know we spent more than $100 on dinner, yet the cost of dinner and breakfast were both zero'd out. At check-out, the only amount on the bill was the parking charge.