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Update: Some offers mentioned below are no longer available. View the current offers here – Starwood Preferred Guest Business Credit Card from American Express, Starwood Preferred Guest Credit Card from American Express

Offer expired on March 31, 2012.

Starwood Preferred Guest is a transfer partner of American Express, but the normal transfer ratio is a dismal 3:1, which means you’d need to transfer 60,000 Amex to get 20,000 SPG (which can then be transferred on to a number of airlines at a 25% bonus).

However, until March 31, 2012 Amex is running a 2:1 ratio, which is better but still not amazing. The bonus is hard-coded into the transfer ratio, so no need to register and the points should transfer automatically. Just log-in to Membershiprewards.com -> Use points -> Hotels and then Starwood along the side of the screen or click here.

I see two main reasons people might take advantage of this (but feel free to comment on why it might make sense for you):

1) To build American Airlines miles. Currently AA is not a member of either of the main transferable points programs, Amex Membership Rewards or Chase Ultimate Rewards, so you can essentially transfer points to Starwood at 40,000 Amex to 20,000 SPG and then transfer to AA at the 25% bonus and end up with 25,000 American Airlines miles. If you are swimming in Amex points and want to redeem for a great AA award (like 40,000 miles offpeak coach roundtrip to Europe), this could make sense, but it’s still a 1: .625 transfer ratio of Amex to AA. Check out this post for more on maximizing AA awards.

2) To take advantage of one of my favorite point redemption methods, Starwood Cash & PointsI can often get over 4 cents per Starpoint in value when I redeem for Cash & Points stays, so if you value Starpoints at more than two times Amex points, this transfer bonus might make sense. Plus, Cash & Point and award stays now count towards SPG elite status and starting today Starwood is adding a ton of benefits to Gold and Platinum status.

Hat tip TPG reader Scott!

Chase Sapphire Preferred Card

With great transfer partners like United and Hyatt, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game.

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 on Purchases
N/A
Regular APR
16.49% - 23.49% Variable
Annual Fee
Introductory Annual Fee of $0 the first year, then $95
Balance Transfer Fee
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.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.