This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.
Come August, the SPG loyalty program will come to an end as it finally combines with the new Marriott Rewards scheme. With that means the end of earning, redeeming and purchasing valuable Starpoints.
Starwood is currently running a buy points promotion where you can save 35% when purchasing Starpoints. The discount drops the price of one Starpoint to 2.28 cents apiece, which is significantly lower than the 2.7 cents valuation that TPG gives the currency. This is likely the last time we’ll ever see the ability to purchase points at this rate before every Starpoint is turned into three Marriott points.
To maximize the promo, you’ll have to buy more than 5,000 points.
- Buy 500-3,000 Starpoints at 3.5 cents apiece
- Buy 5,000-30,000 Starpoints and save 35% (2.28 cents apiece)
If you do participate in the promo, make sure you use a card that earns bonus points on the purchase — the Chase Ink Business Preferred and Starwood Preferred Guest Business Credit Card from American Express are great options and can net you 6.3% to 5.4% back on your purchase, respectively.
Redeeming Starpoints for Maximum Value
There are a handful of ways to redeem Starpoints for great value. The first of course being redeeming points for hotel stays — you can book category 1 SPG hotels for just 2,000 points per night. With this promotion, it’s like buying a night at a hotel for just $46. SPG and the new Marriott program give the 5th night free on award redemptions.
Transferring Starpoints directly to the right airline partners is another great option, especially considering you earn a 5,000-mile bonus for every 20,000 points you transfer. SPG has the largest amount of transfer partners including airlines like JAL, Alaska and Asiana, and the new Marriott program will add even more partners.
You can move 40,000 Starpoints (netting 50,000 miles with the bonus) to Alaska, which would be enough for a one-way flight from the US to Asia on Cathay Pacific in business class. Transferring 40,000 points to Asiana, a Star Alliance carrier, would be enough for a one-way flight from the US to Europe in Lufthansa first class.
If you do take full advantage of the sale, it’s like buying airline miles for 1.82 cents apiece because of the 25% transfer bonus SPG offers.
For those who want to experience something a little more unique, you could redeem your points for an SPG Moments event.
Finally, to truly really maximize your points, your best best would be to transferring them to Marriott and redeem for a Marriott Hotel + Air package. Just note you’ll want to do this before the two programs officially merge, as the new packages will see a large devaluation.
Featured image of the Westin Paris Vendome.
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