In the interest of full disclosure, One Mile At A Time earns a referral bonus for anyone that’s approved through some of the below links. These are the best publicly available offers that we have found for each card. Please check out our advertiser policy for further details about the partners we work with. Thanks for your support!
In early July, Starwood came out with a promotion whereby they’re offering a 20% bonus when you convert Starpoints into airline miles. The promotion runs through August 7, 2015, meaning that this is your last chance to take part in the promotion.
Update — According to the website it looks like the promotion has been extended through 8/31, so you have a bit more time to consider the following:
The great thing about Starpoints is how flexible they are — they can be redeemed efficiently for hotel stays, and can also be converted into airline miles in any of about two dozen programs. The points transfer at a 1:1 ratio, and for every 20,000 points you transfer you get a 5,000 point bonus.
That means through the current promotion you receive 30,000 AAdvantage miles for every 20,000 Starpoints you transfer, or 1.5 AAdvantage miles per Starpoint. That accounts for the 5,000 point bonus when converting in increments of 20,000 points, plus the 20% bonus on top of that.
The bonus points should post to your AAdvantage account within seven business days of the initial conversion activity posting. There’s no limit to the number of bonus points you can earn through the promotion, and no registration is required.
Keep in mind that you can only make one mileage transfer per Starwood account every 24 hours, up to 79,999 SPG points at a time. Given that the 5,000 point bonus is only for transfers in increments of 20,000 points, in practice you’ll just want to transfer 60,000 Starpoints per day, should you take advantage of this promotion. So if you want to transfer more than 60,000 Starpoints, ideally you’ll want to transfer some tonight, and then the rest tomorrow, to maximize those bonuses.
Assuming a valuation of 2.2 cents per Starpoint, and assuming you transfer in the right increments (meaning at a 1:1.5 ratio, by transferring in increments of 20,000 Starpoints), that’s like picking up AAdvantage miles for ~1.47 cents each. That’s a fantastic deal, especially with a short term use of miles in mind.
If my AAdvantage mileage balance weren’t huge I’d absolutely be considering taking advantage of this promotion.
Have you taken advantage of (or do you plan on taking advantage of) the 20% bonus on transfers from SPG to American?