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In light of the new Starwood partnership with Caesars and the opportunity to earn Starpoints and elite night/stay credit (up to 10 nights per year) at Caesars’ properties in Sin City, I wanted to take a look at what SPG Moments packages were available there since I’m going to be planning some visits myself this year. Now, normally I don’t redeem points for auctions or experiences since I find I get much better values from them for premium travel awards, but sometimes the packages that programs like Starwood or Chase Ultimate Rewards are able to secure for their cardholders can be worth much more than the price they would have to pay if just purchasing them outright.
For example, a friend of mine recently redeemed 10,000 Starpoints to go see Shania Twain in Las Vegas in February. I was curious to see if redeeming points for an experience like that is actually worth it.
Looking into the ticket prices on Ticketmaster, it actually comes out to be a pretty decent deal. I value SPG points at about 2.5 cents apiece, so 10,000 points would be equivalent to $250. That $250 gets you two premium seats at The Colosseum in Las Vegas which can go for $250 each – saving you half the price!
Although the auction for Shania Twain has ended, there are 4 other SPG Music Moments in Las Vegas available right now including Jersey Boys, Donnie and Marie Osmond, Million Dollar Quartet, and Penn & Teller “Bad Boys of Magic.” While each of the four “Moments” can be purchased with 10,000 points, some of the shows are much better deals than others.
Two tickets to Jersey Boys at Les Theatre de Arts at Paris Las Vegas on Friday, January 31st will run you about $150 per seat to sit in the same row that SPG Moments offers. By redeeming Starpoints you’ll end up saving yourself $50 (by my valuation) which can go towards a nice dinner after the show. I’ve heard really great things about Jersey Boys and would actually like to see it myself.
For Donnie and Marie Osmond on Stage, SPG Moments puts you at a table on the balcony on side A. You’re looking at spending $116.50 per ticket for similar seats on Valentine’s Day at the Flamingo Las Vegas. In this case you’d be better off just buying the tickets and saving your points to be used on a future hotel stay or a better experience.
The Musical Million Dollar Quartet will be playing at Harrahs in Las Vegas and appears to have a show every day from now until June 26, 2014. SPG Moments only offers dates in January and February, so I looked up tickets for February 7th. Two tickets in row NN, the same as SPG Moments, will only cost $142.40 total, so it’s cheaper in my opinion to spend cash on the tickets and save those 10,000 Starpoints for a more expensive hotel redemption.
Ticketmaster also offered two other ticket options that would still get you a better deal than redeeming 10,000 points. For $1.30 more each ticket you will have access to Flavors, The Buffet for dinner or for $45.75 more per ticket you can enjoy a nice dinner at Ruth’s Chris Steakhouse still keeping you under the $250 mark.
Lastly, Penn & Teller, the “Bad Boys of Magic” at the Rio Las Vegas is yet another deal that isn’t quite worth it. Tickets in the same section 3AMP and similar row cost $116.50 only coming to a total of $233.
So my advice would be to do some shopping around and price out tickets to the events you’re interested in before you decide to redeem your points for experiences like these. While 10,000 Starpoints for two seats is worth it for a show like Shania Twain or Jersey Boys, where tickets prices are at a premium, you might be able to find a better deal if you pay for tickets (with your point earning credit card!) for the less popular shows. Expiration dates of these auctions vary so if you do decide to get tickets through SPG Moments be sure to check show dates and closing dates so you don’t miss out on the show you want to go to.
Starwood Preferred Guest® Credit Card from American Express
|Intro APR||Regular APR||Annual Fee||Foreign Transaction Fee||Credit Rating|
|N/A||15.49%-19.49% Variable||$0 introductory annual fee for the first year, then $95.||0%||Excellent Credit|