SPG have announced an offer allowing you to buy SPG points with 35% off all Starpoints purchases of at least 5,000. The offer runs until the 16th March (ooh, just in time for my tenth wedding anniversary), but is this a good way to boost your SPG Rewards balance?
Cost to buy Starpoints
Here’s what it costs to buy SPG Starpoints.
|Amount||Cost||Cost per Starpoint|
Correct as at 4/2/18 source: SPG
Of course, really what is important is what you can get for the Starpoints that you buy. If it costs you $100 to buy, and the redemption is for a room worth $70, clearly that is a bad deal. However, if you manage to redeem for a room that would cost $150, then you are quids in.
I find the SPG redemptions to be great value, and if you get an SPG AMEX card, you can get an even better deal. Use this referral link to earn an extra 1,000 points on sign up. The SPG rewards card offers a standard sign up bonus of 10,000 (plus my extra 1,000 reward) after spending £1,000 within three months. I stayed at this fabulous design hotel in Seoul courtesy of the Starwood credit card bonus.
What can I use my Starpoints for?
What you get for your points depends on the category of hotel you wish to book. There are seven categories and the redemption cost for each is shown below.
So, if you redeem for a category four, you would want to be certain that room cost more than the $227.50 you paid for the points. To get better value you can redeem for five nights, pay for four and get the fifth night FREE, but this only applies to category 3-7 hotels.
How much value will I get from my SPG rewards?
Here are some example redemptions and the cost per night based on a stay on the 2nd February 2018.
|Hotel||Category||Cost per night||Value per Starpoint|
|London Great Northern Hotel||12,000||$291||0.02425|
|Aloft, New York||16,000||$123||0.00768|
|Cape Town, South Africa||10,000||$254||0.02540|
All figures correct as at 6/2/18 and assuming a one night stay on the 2/3/18
With this offer, you are paying 0.02275 per Starpoint. As you can see, if you redeem for the W Beijing, then you would be getting less value than what you paid. On the other hand, if you redeem for the Great Northern Hotel in London or the Westin Cape Town you would get better value than what you paid for the Starpoints. I love the Great Northern hotel too. It has a fabulous bar!!
Should I buy SPG Rewards?
There is obviously no clear-cut answer as to whether it is worth buying SPG Rewards, but my suggestion would be to do some research before buying. Perhaps figure out which hotels you might like to redeem for and see how the redemption compares to the purchase price. You can then make your decision.
How to purchase?
If you wish to go ahead and purchase SPG Starpoints click here. You may use any valid credit card, but if you use the AMEX Starwood Preferred Guest Credit Card to buy Starpoints, you will earn extra Starpoints for the money you spend on the card. Don’t forget the sign up bonus either.
What do you think?
Have you ever bought Starpoints? What motivated you to do so and what value did you get? We’d love to know.
Other SPG Rewards Posts