50% Amex Transfer Bonus to Starwood Until March 31, 2012!
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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.
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 & Points. I 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!
The American Express Platinum card has some of the best perks out there: cardholders enjoy the best domestic lounge access (Delta SkyClubs, Centurion Lounges, and Priority Pass), a $200 annual airline fee credit as well as up to $200 in Uber credits, and mid-tier elite status at SPG, Marriott, and Hilton. Combined with the 60,000 point welcome offer -- worth $1,140 based on TPG's valuations -- this card is a no-brainer for frequent travelers. Here are 5 reasons you should consider this card, as well as how you can figure out if the $550 annual fee makes sense for you.
- Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
- Enjoy Uber VIP status and free rides in the U.S. up to $15 each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings.
- 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
- 5X Membership Rewards points on prepaid hotels booked on amextravel.com.
- Enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
- Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
- $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
- Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. Enrollment required.
- $550 annual fee.
- Terms Apply.
- See Rates & Fees