Jul 10
5
Starwood is offering 30,000 points for new cardmembers until July 6, 2010. This is one of the best offers for the Starwood American Express card for signup. Upon approval, $1,000 in eligible purchases need to be made in order to get the 30,000 points credited. If you have been considering this card, now is the time. They usually have the 10,000 point promo, so this is a much better deal.
What are the benefits to this card? Personally, I like the fact that there a lot of resorts in Hawaii that will accept the SPG points for discounted rooms. Also, rather than only being able to use points to get a room, one can use $$$ and points to get good deals. In most cases, the cash and points offers the best value if you don’t have several thousand points to use. SPG has a wide variety of hotels including the really nice St. Regis Princeville Resort in Kauai, Westin hotels, and Sheraton hotels. Good value properties are the Moana Surfrider and Princess Kaiulani. The Hilton HHonors is also a good card if you don’t want to pay an annual fee, but the points aren’t worth as much.
For more information, visit the FlyerTalk thread at:
http://www.flyertalk.com/forum/starwood-preferred-guest/1100740-spg-amex-30000-starpoints-1000-spending.html
Good analysis on the value of 30,000 SPG points:
http://boardingarea.com/blogs/loyaltytraveler/2010/07/01/enroll-by-july-6-for-starwood-american-express-30000-points/
Popularity: 84%

They recently increased the annual fee to $65. You can talk with the retention department to see if they will waive a portion of the fee or something. I’ve been doing some research and it looks like the true value of this card is with the transfer to airline mileage. For instance, if you transfer 20k points, you get a bonus of 5k airline miles. Roughly 1.25 airline miles per point. Your mileage will go farther if you go to either Asia or Europe with airline mileage.
thanks for the tip – planning to call tomorrow
Just a follow up to the post, I just got my 30,000 SPG posted to my account. It takes a few business days to process after the statement date. They are in two amounts: 10,000 SPG AX NEW MBR BONUS and 20,000 SPG AX NEW MBR SPEND BONUS-CSR