We’ve written a little bit recently about the Starwood SPG Amex, and how Starwood points convert into airline miles at a conversion of 1:1 for most of the 30 airlines that are part of the SPG partnership. Well, for a limited time Starwood is running a targeted offer that allows some SPG members to purchase Starwood points for 50% off the usual price. You would therefore effectively be purchasing airline miles as you can transfer these to your chosen airline loyalty programme as long as they’re an SPG partner.
Unfortunately not everyone is being offered the full 50% discount. I personally am being offered 30%, which is tempting, but I’m going to wait until closer to the offer close date of 31st December before I decide whether to take advantage of it or not. There have been some rumours that the offer changes daily for each person, so there’s a chance you might have an offer of 25% one day, and 40% the next day etc. I’ve been checking my offer regularly though and it hasn’t budged off 30% so far.
If you’re being offered a 40%-50% discount, this offer may be worth using purely because of the conversion into airmiles. For example if I chose to accept the 30% offer I’m being given currently, I could buy 30,000 points – which are usually priced at $1050.00 (£841) – for $735 (£589). These 30,000 points can then be transferred to my Singapore Krisflyer account at a ratio of 1:1, and with the 5,000 point bonus for transferring 20,000 points, I would have an extra 35,000 airmiles to use on a Star Alliance reward flight or upgrade.
It’s really a brilliant way to top up your miles if you’re just a few thousand or so away from the amount you need for the desired reward ticket or upgrade. I’m keeping my fingers crossed and hoping that I’ll be offered the 50% at some point, and then I’ll pounce on it and essentially get 35,000 Krisflyer miles for just $525 (£421).
There is a minimum purchase of 5,000 points miles for the offer to activate, and you’re allowed to buy a maximum of 30,000 points. You can purchase them by signing into your account, and then clicking on ‘buy miles’, where you’ll be taken to your dedicated landing page.
Let us know in the comments which offer you’ve been targeted with, and if it’s changed at all for you!
The SPG Amex
The Starwood SPG Amex is a fantastic way to earn SPG points on everyday spending if you don’t stay at Starwood hotels frequently and then convert them into your chosen airline miles at a ratio of 1:1 (+5,000 bonus miles if you transfer 20,000 or more). There’s also a 10,000 point sign-up bonus, and you can earn 11,000 points if you use our referral link and spend £1000 in the first three months of card membership.
*Disclaimer: This is a journalistic news and air-mile collection advice site and not a financial advice website. It is your own responsibility to do in-depth research on a credit product and ensure that any product is right for you and your circumstances.