Last Chance: SPG Amex Increased Sign-Up Bonus

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As I first wrote about in mid-August, there’s an increased sign-up bonus presently available on the SPG Personal Amex and SPG Business Amex. The increased sign-up bonus ends tomorrow, Monday, September 14, 2015. So if you’ve been putting off applying for one or both of these cards, now is the time to act.

Increased 30K point SPG Amex sign-up bonus

As mentioned above, the increased sign-up bonus ends tomorrow. Here are the details of the increased bonus:

  • For the SPG Personal Amex, receive 30,000 bonus Starpoints® upon spending $3,000 on purchases within the first three months of card membership
  • For the SPG Business Amex, receive 30,000 bonus Starpoints® upon spending $5,000 on purchases within the first three months of card membership

This represents an increased bonus of 5,000 Starpoints, given that the sign-up bonus is usually 25,000 Starpoints. I don’t recall ever seeing a higher sign-up bonus on the card, for what it’s worth.

Furthermore, earlier in the year the sign-up bonus on the personal version of the card was changed from being after $5,000 of spend to being after $3,000 of spend. So this is also the lowest minimum spend requirement we’ve seen for the increased sign-up bonus on the personal card (meanwhile on the business version of the card, it continues to be $5,000).

To me Starpoints are the single most valuable points currency out there — I value Starpoints at 2.2 cents each. So the 30,000 point sign-up bonus is worth $660 to me. While this isn’t really a “mega” sign-up bonus, it’s still a very nice sign-up bonus, and as good as it gets on this card.

SPG Amex card refresh

While Amex has historically offered an increased sign-up bonus on the card once per year, this year is especially special since the increased sign-up bonus coincided with the SPG Amex undergoing a refresh.

SPG-Refresh

These changes included the following:

  • The elimination of foreign transaction fees
  • Complimentary unlimited Boingo wifi
  • Complimentary in-room premium internet access
  • Sheraton club lounge access (for those with the SPG Business Amex)
  • The annual fee being raised by $30 per year, from $65 to $95 (the first year’s annual fee is $0, though)

Sheraton-Salzburg-1
Receive club lounge access at Sheratons with the SPG Business AmEx

Those are some great new perks, especially the club lounge access on the business version of the card.

Also keep in mind that the business version of the card is eligible for the Amex OPEN Savings program, which can save you hundreds of dollars per year.

Amex-OPEN-Savings

Who is eligible for the sign-up bonus?

The SPG Personal Amex has the following verbiage when it comes to who is eligible for the sign-up bonus:

Welcome bonus offer not available to applicants who have or have had this product.

Meanwhile the SPG Business Amex has the following verbiage when it comes to who is eligible for the sign-up bonus:

Welcome bonus offer not available to applicants who have or have had this product within the last 12 months.

So it is worth noting that as long as you haven’t had the SPG Business AmEx in the past 12 months, you should be eligible for the sign-up bonus.

Furthermore, it’s worth noting that you can typically apply for both the SPG Personal & Business cards same day. The processing of one of the applications might be delayed by a few days, but it won’t automatically deny either application.

Ultimately the sign-up bonus you earn should be based on your application date and not your approval date, so as long as you apply by tomorrow you’ll be eligible for the 30,000 Starpoint sign-up bonus.

Bottom line

The increased sign-up bonus on the SPG Personal Amex and SPG Business Amex is as good as it gets, and you only have until sometime during the day tomorrow to take advantage of this offer.

30,000 Starpoints with the new benefits, lower minimum spend, and waived first year annual fee is tough to beat. And it’s not too late to even pick up both of these cards under the current offer.

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