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I value Starpoints at ~2.2 cents each, meaning 35,000 Starpoints are worth $770 to me. Starpoints are so valuable thanks to how versatile they are, including the ability to convert them into airline miles, redeem them for Nights & Flights packages, and redeem them for free night hotel stays.
Convert Starpoints into Alaska miles, for redemptions in Cathay Pacific first class
You can even get the sign-up bonus on both the SPG Personal Amex and SPG Business Amex, which gets you a total of 70,000 Starpoints upon completing minimum spend, which I value at $1,540. Anecdotally Amex business cards are fairly easy to get approved for — Ford just managed to pick one up for his business, which he’s in the early stages of launching. In other words, you have a good shot of getting approved as a sole proprietorship with limited business history and income.
Anyway, if you’re hoping to pick up both the personal and business versions of the card, I’d recommend trying to apply for both today.
Why? While you can apply for both cards on the same day, often one application will be delayed, since Amex typically won’t approve you for two cards on the same day. Based on reader reports, it seems like most of the time second applications are being put on a 4-5 day hold before being processed.
I’d do everything in my power to be approved for the card by March 30, and not just apply. Technically the applications say that your application needs to be received by March 30, though I’m not sure how an application on hold plays into that, and whether it’s considered “received” if you submit two applications in a day, or only after the holding period is over.
The sign-up bonuses on the SPG Personal Amex and SPG Business Amex cards are the best we’ve ever seen. If you don’t have either/both cards, you’re leaving 35,000-70,000 Starpoints (which I value at $770-1,540) on the table.