It seems like every summer in July/August Amex rolls out a very generous sign up bonus for the SPG Amex. This is one of my all-time favorite cards for the following reasons:
– The value of a Starpoint (I value one Starpoint at 3 cents/point vs most airline miles are 1-2 cents/mile)
– The simplicity and flexibility of redemption options
– Modest annual fee ($65 and waived for the first year)
– Ability to earn Gold status with $30,000 spend in one calendar year
– Great card benefits and customer service
Through this link (I don’t receive any benefit from your apply for this card) you will earn up to 30,000 Starpoints (10,000 after first purchase, and 20,000 after spending $5,000 in the first 6 months). This is hands down the best offer of the year for this card. In fact, their normal offer is for up to 25,000 points, but you must spend $10,000 on the card in order to get the full bonus.
What are the features of this card?
– Earn 1 point per dollar on all purchases
– Earn an additional 1 point per dollar on all purchases at Starwood Hotels
– Receive 5 nights AND 2 stays toward elite status every year
– Buy two nights get one free at Sheraton Hotels & Resorts
– Get SPG Gold status if you spend $30,000 per year
– Access to Amex social media promos on FaceBook, Twitter, iPhone App, and Email
– Access to Amex purchase protection, extended warranty, and rental car protection
Why I Like The SPG Amex?
The SPG card is simply a great all-around card mainly due to the value of their points. It’s rare to get close to 3% cash back on ALL purchases. Although you could theoretically do better by rotating purchases using the Citi Forward, Chase Freedom, Pentagon Visa, Amex Blue Cash, and Discover Card. Many people do not want to go through the hassle of doing that….uggghh. I can see why. If you are a SPG Platinum member earning this bonus on hotel stays is incredibly valuable. Take for example a one-night stay at a Sheraton that costs $100/night. You could earn:
– 500 point Platinum Amenity
– 200 points base earning (2 points/$1 spent at any Starwood hotel)
– 100 points (50% elite bonus)
– 100 points (1 point/$1 on SPG Amex)
– 100 points (1 additional point/$1 on SPG Amex for spend at Starwood hotels)
Total = 1,000 points, which at 3 cents/point is worth $30, or a 30% rebate. This doesn’t even include a) Bonuses that SPG runs almost quarterly, c) Amex promos like the spend $150 get $30 back in Washington D.C. that was featured recently, and c) Cash back you could earn from sites like eBates.
Bottom line: You can earn $900 worth of Starwood points with this sign up bonus, which is hands down one of the most lucrative around. If you don’t already have the card, I would definitely jump on this deal!