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

Update: This appears to be a targeted offer. Log in to your Membership Awards account and click through to the SPG transfers page to see if you’re eligible for the bonus.

Last October, American Express Membership Rewards offered a 50% bonus on transfers to Starwood, and it looks like the bonus is back on for 2015. Through October 31, you’ll earn a bonus on every transfer of 1,000 points or more, giving you 500 Starpoints per 1,000 Amex points, rather than the usual 333.

Earn 50% more Starpoints through October 31.
Earn 50% more Starpoints through October 31.

To take advantage, initiate a transfer through Membership Rewards by the end of the month. Cards that earn Membership Rewards points include The Platinum Card® from American Express, the Premier Rewards Gold Card from American ExpressThe Amex EveryDay® Preferred Credit CardThe Business Platinum® Card from American Express OPEN and The Business Gold Rewards Card from American Express OPEN.

Should you Transfer?

TPG values Membership Rewards points at 1.9 cents each and Starpoints at 2.5 cents each. Since you’ll be transferring points worth 3.8 cents in exchange for points worth 2.5 cents, on the surface this doesn’t seem like a great deal. However, you can get far more value than 2.5 cents from each Starpoint if you’re careful about your redemptions, especially for hotel stays during expensive periods, such as San Francisco during a trade show or Sydney on New Year’s Eve.

Points transfer at a 2:1 ratio.
Points transfer at a 2:1 ratio.

You can also get excellent value from SPG’s Moments program, which allows you to redeem Starpoints for once-in-a-lifetime experiences, such as a round of golf with a pro, suites at a New York Knicks game, or Starwood’s new Hear the Music, See the World concert series. Also, you’ll still be able to transfer Starpoints to Amtrak once Ultimate Rewards transfers end on December 8, though you’ll probably get better value for your Starpoints by transferring to an airline or redeeming for a hotel.

Ultimately, if you’re often able to get more than 3.8 cents in value for your SPG points or if you have a specific redemption in mind, this transfer makes far more sense during a bonus period than it does during the rest of the year. Of course, you can also boost your balance significantly by signing up for the Starwood Preferred Guest Credit Card, which offers 25,000 bonus Starpoints after $3,000 in purchases in the first three months.

The Platinum Card® from American Express

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.

Apply Now
More Things to Know
  • 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
  • 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
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Editorial Disclaimer: Opinions expressed here are the 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.