Through December 30, Starwood is offering a 20% discount on purchased and gifted points, which they seem to do a couple of times a year. With the 20% discount, points come out to 2.8 cents each, with a maximum of 20,000 points that can be purchased per account per calendar year. Accounts have to be active for a minimum of 30 days to take advantage of this promotion.
Starwood points are probably the most valuable points currency out there. Even so, in most instances this isn’t a steal for someone just wanting to outright purchase points. But if you’re trying to top off an account for an award redemption or mileage transfer, this is a fairly good deal.
Now that award stays count towards elite status, it might actually be more lucrative to outright buy points for a cash and points stay and still earn elite credit, as opposed to paying.
Or ultimately 20,000 Starwood points converts to 25,000 miles in over a dozen airline programs, so that translates to 2.24 cents per mile. Again, not a steal, but not a bad value for topping off an account either.