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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

Last month, the Starwood Preferred Guest Business Credit Card from American Express introduced a new sign-up bonus: two free nights at a Category 1-5 SPG property after you spend $5,000 in the first three months. This was an interesting deviation from the usual offer of 25,000 points after meeting the spending requirement, and as we discussed in previous posts, two free nights aren’t necessarily better than the haul of points, depending on how you redeem them.

If you’ve done the math and determined that you could get more value out of two free nights than 25,000 Starpoints — by using those nights at a Category 5 property that charges high cash rates — make sure to sign up for the SPG Business Amex sooner than later. The current sign-up bonus ends October 19, 2016, which is just a few days away.

If you don’t have the Starwood Business Amex or the personal version, the Starwood Preferred Guest Credit Card from American Express, it could be worth giving these options a closer look — at least if you have hotel stays coming up and can utilize the portfolios of Starwood and/or Marriott, since the two brands recently merged. You can transfer Starpoints to Marriott at a 1:3 ratio, and move points from Marriott Rewards to SPG at a rate of 3:1. The free nights from the current Starwood Preferred Guest Business Amex offer are only valid at Starwood properties, but you’ll still earn points toward future award stays through everyday spending and any paid SPG hotel reservations.

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You can redeem your free nights at a Category 5 property like Le Meridien Fisherman’s Cove. Image courtesy of the hotel.

Plus, while Starpoints aren’t the easiest loyalty currency to earn, they are among the most valuable — coming in at 2.7 cents apiece in TPG’s latest valuations. This means it could definitely make sense to hold a Starwood co-branded card, and if you’re more interested in starting with a decent stash of points than getting two free nights at a Category 1-5 Starwood property, you could either wait for current SPG Business Amex sign-up offer to end or apply for the Starwood Preferred Guest Credit Card from American Express now — you may receive a sign-up offer of 25,000 points after you spend $3,000 in the first three months by using this link.

Bottom Line

The current sign-up bonus of two free nights (rather than 25,000 Starpoints) is not the best option for all award travelers, but if you have a stay at an expensive Category 5 property in mind, it could be worth applying for the Starwood Business Amex before October 19, when this offer expires. And you don’t have to wait to apply for the personal Starwood Amex if the 25,000-point bonus is more appealing to you.

What would you prefer: two free nights at a Category 1-5 Starwood hotel or 25,000 Starpoints?

Featured image courtesy of the Westin Georgetown.

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.

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.