I think you had a slight typo -- it would be 11,000 Honors points, not 1100.
440 bonus points would be $44 towards your maintenance fees. I have seen that some people value Honors points at $0.005/point which would value them at $55 for 11,000 points, but personally I think that valuation is a bit high. So for me, I see it as a wash either way. If you would use Honors points in the near future, I would tend to lean toward that.
Kurt