This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

Edit: These bonuses seem to be targeted and may vary on the Amex card that you have. Feel free to report your experience in the comments

I personally think the American Express Membership Rewards program is great – for airline redemptions. However, when it comesto their hotel transfer ratios, I don’t see a lot of value in transferred 2 Amex to 1 stinking Starwood point or even a 1: 1.5 ratio to Hilton. This is in comparison to Chase Ultimate Rewards program that allows instant 1:1 transfer to Hyatt, where you can get top rooms at any Park Hyatt in the world for 22,000 points. Now that’s amazing value.

However, Amex just announced several new transfer bonuses on their hotel partners, but none of them really have me excited:
1) Hilton 25% Rebate Until June 30, 2012, which means 1 Amex = 2 Hilton points. This still isn’t as good as taking advantage of the current Virgin Atlantic 25% transfer and then transferring those Virgin miles to Hilton at a 2:1 ratio as I highlighted in this post.
2) Starwood Preferred Guest 25% Rebate until June 30, 2012. Considering Amex just had a 50% Starwood transfer bonus, which I took advantage of, this one isn’t really exciting me either (though the 750 Amex = 333 SPG is a 44% bonus, which isn’t too far off.).

3) Choice 25% Rebate until June 30, 2012. Normally the ratio is 1:1, however now 750 Amex = 1,000 Choice. They ran a 50% bonus back in October, so this 33% bonus has me yawning a bit. When I covered the 50% bonus I noted a logical way to play this deal would be to transfer to Southwest in order to help qualify for the annual companion pass, which is an amazing benefit. Otherwise, if you want to use these points for free hotel rooms, do the math before jumping into a transfer.
There are also some discounted hotel gift card options, such as 9,600 points for $100 gift cards with Fairmont, Hyatt, Mandarin Oriental and Marriott, Ritz-Carlton.

Hyatt gift card for roughly 1 cent a point

That’s getting just a smidge over 1 cent per point in value, which isn’t really great in my opinion. I personally get more value from taking advantage of lucrative airline transfer promotions, like the current British Airways 50%, but these might make sense for you are rich in Amex points and looking to save on hotel spend.

n

Starwood Preferred Guest® Credit Card from American Express

The best sign-up bonus we've ever seen from the SPG Amex is here, for a limited time only. Earn up to 35,000 Starpoints which can be used for hotel redemption around the globe, transferred to over 30 airline partners, and even transfer from Starwood to Marriott Rewards at a 1:3 ratio.

Apply Now
More Things to Know
  • Earn 25,000 bonus Starpoints® after you use your new Card to make $3,000 in purchases within the first 3 months.
  • Limited Time Offer- Earn an extra 10,000 bonus Starpoints® after you make an additional $2,000 in purchases within the first 6 months. Offer ends 4/5.
  • Earn 2 Starpoints® for each dollar of eligible purchases spent on the Card at participating SPG® & Marriott Rewards® hotels. Earn 1 Starpoint for all other purchases.
  • No Foreign Transaction Fees on International purchases.
  • Redeem Starpoints® at over 1,300 participating hotels and resorts in over 100 countries and for flights on more than 150 airlines with SPG flights, all with no blackout dates.
  • $0 introductory annual fee for the first year, then $95.
  • Terms Apply.
  • See Rates & Fees
Intro APR on Purchases
N/A
Regular APR
15.74%-19.74% Variable
Annual Fee
$0 introductory annual fee for the first year, then $95.
Balance Transfer Fee
3.00%
Recommended Credit
Excellent Credit
Terms and restrictions apply. See rates & fees.

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.