December 8th, 2010

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I nearly forgot to select my gift for staying 5 stays between July 1 and December 31, 2010. Link. Your choices will depend on your elite status and activity at the time the promotion was generated. My choices were:

4,000 bonus Starpoints
With Free Night Awards starting at 2,000 Starpoints® at Category 1 properties, you’ll already have enough for a night away.

$50 Award Certificate
Redeem for on-property indulgences during your next stay, including spa treatments, room service and more.
An earned Award Certificate will be mailed 4-6 weeks after fifth eligible stay to the shipping address we have on file in your SPG profile.

25% off redemption
Get away sooner using fewer Starpoints. Take 25% off a Free Night Award redemption of up to five nights at any Category 1-5 property. Redemption must be used by 7/31/11.

I ended up going with 4,000 Starpoints, because I’m not sure if I’ll be taking a lengthy points stay by 7/31/11 and I usually like to hop around on trips and use cash and points. In my eyes, 4,000 Starpoints are worth at least $80 (and realistically more like $120-150) so the $50 gift certificate was a clear no.

The great thing about the point discount is that you can use it on a 5th night free award since Starwood gives the fifth night free when you redeem 4 nights.

So that means you could redeem 4 nights at the St. Regis New York at 30,000 a night (120,000 total) and get the fifth night free. If you chose the 25% rebate, you’d get a discount of  30,000 points, so a total of 5 nights at an $800+ night hotel for 90,000 points- not too bad, though I’ve done better, especially with Cash and Points at European properties.

Chase Sapphire Preferred® Card

Even after the introduction of the Chase Sapphire Reserve, the Chase Sapphire Preferred is still a fantastic choice if you want to avoid the Reserve’s $450 annual fee, earn 2x on all travel & dining and earn a 50,000 point sign up bonus.

Apply Now
More Things to Know
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Named Best Credit Card for Flexible Travel Redemption - Kiplinger's Personal Finance, July 2016
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR
N/A
Regular APR
16.24%-23.24% Variable
Annual Fee
Introductory Annual Fee of $0 the first year, then $95
Balance Transfer
5.00%
Recommended Credit
Excellent Credit

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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