Up to 10,000 Bonus Points for Current SPG Business Amex Cardholders
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If you currently hold the Starwood Preferred Guest Business Credit Card from American Express, you could be targeted for a bonus offer of up to 10,000 Starpoints.
Today, various members of Team TPG who hold this card received an email inviting them to register for this current promotion to earn either 5,000 or 10,000 Starpoints by meeting certain spending thresholds on the card. If you didn’t receive an email, you can check here to see if you’re eligible.
To earn 5,000 bonus Starpoints, you’ll need to register and make $5,000 in qualifying purchases on the card by October 15, 2016. You can earn an additional 5,000 Starpoints — for a total of 10,000 — by spending an additional $5,000 by that same date.
Is It Worth It?
In his latest valuations, TPG rates Starpoints at 2.5 cents apiece — higher than any other loyalty currency on the list. So the 5,000 bonus points are worth $125, while 10,000 points are worth $250. When used toward award nights, Cash & Points stays or SPG Moments redemptions, those points can get you far — 10,000 points can even get you two free nights at a low-level property. Still, it’s probably not worth going out of your way to hit the $5,000 or $10,000 spending requirement.
That said, October 15 is just under four months away, so if you plan on making at least $10,000 in purchases within that period and aren’t working toward a sign-up bonus with a minimum spending requirement, you might want to consider charging all expenses to the Starwood Preferred Guest Business Card. Thanks to the valuable Starpoints you’ll earn, TPG ranks this card (and the personal version) as one of the best options for everyday, non-bonus spending. Considering that both cards offer nearly identical perks and the same earning rates, there’s no reason not to use the business version on purchases that won’t earn you a valuable category bonus with other cards.
If you don’t currently have (and haven’t previously held) the Starwood Preferred Guest Business Card, you can currently earn a sign-up bonus of 25,000 points after spending $5,000 in the first three months. The card earns 2x points on Starwood purchases and 1x on everything else, and as a cardholder you get 5 night and 2 stay credits toward elite status. It offers all the same benefits as the personal Starwood Amex, plus complimentary Sheraton Club Lounge access on eligible stays. There’s a $95 annual fee that’s waived the first year, and no foreign transaction fees. While it could definitely be worth signing up and earning the 25,000-point bonus, note that it likely can’t be stacked with the 5,000-10,000-point bonus available to current cardholders.
Featured image courtesy of The St. Regis Bahia Beach Resort, Puerto Rico.
Will you be taking advantage of this bonus?
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