This week, the Starwood Preferred Guest (SPG) American Express credit card sign up bonus has increased from 25,000 to 30,000 Starpoints after spending $5,000 on the card in the first 6 months of card opening.
The sign up bonus of 30,000 Starpoints doesn’t sound all that appealing by comparison to other cards out there which offer 40,000, 50,000, or even 100,000 miles or points, but I assure you that it is. You receive 30,000 Starpoints after meeting the spending requirement plus 5,000 more points for the actual $5,000 that you put on the card for a total of 35,000 Starpoints. The great thing about the SPG program is that you not only can use the points at hundreds of Starwood properties (Westin, Sheraton, Four Points, W, etc.) around the world, you can also transfer your Starpoints to most airline frequent flyer programs. And when you transfer 20,000 SPG points to an airline at once, SPG gives you an additional 5,000 Starpoints as a bonus. The list of airline programs you can transfer to and their corresponding transfer ration is found below (click to enlarge):
Assuming that you would sign up for this credit card to use the bonus for airline miles, you would end up with 40,000 airline miles for transfer to most airline programs out there. By comparison, the Chase Sapphire Preferred card offers a sign up bonus of 40,000 Ultimate Rewards after spending $3,000 within the first three months of card opening. After meeting the spending on this card, you’d have 43,000 Ultimate Rewards. While the Sapphire Preferred card is one of the best credit cards out there, they do have limited airline transfer partners. Therefore, the number of airline miles you’d receive from transferring SPG points to the airline program of your choice with the SPG card is 3,000 less than the number of miles you’d receive from the Sapphire Preferred card, but there are many more airline programs to choose from with SPG. Ultimately, you could save a lot more than 3,000 miles by strategically transferring the Starpoints to the program that requires the smallest number of miles for the destination you have in mind.
In short, this is a great credit card offer that I’d recommend signing up for, assuming that you are able to meet the minimum spending required. There is no annual fee the first year which makes this a no brainer if you ask me!
** I receive no commission if you sign up for any of the cards in this post. As always, I just want to help you increase your miles and points balances.