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The Starwood Preferred Guest® Credit Card from American Express and Starwood Preferred Guest® Business Credit Card from American Express are among the most rewarding for everyday spend. I value Starpoints at ~2.2 cents each, given the variety of great uses for them — they can efficiently be redeemed for hotel stays, airline mileage transfers, or a combination of both. So for spend which doesn’t otherwise fall into a bonus category, the co-branded Starwood credit card is among my favorites.
While it’s already rewarding for everyday spend, there’s a targeted spend bonus at the moment for those with the SPG Business Amex, as follows:
- Earn 5,000 bonus Starpoints after you spend $5,000 in qualifying purchases
- Earn an additional 5,000 bonus Starpoints after you spend an additional $5,000 in qualifying purchases on your card
If you qualify, registration and spending are required by October 15, 2016. In other words, if targeted, spending $10,000 on the SPG Business Amex will earn you a total of 20,000 Starpoints, which is pretty awesome.
I wasn’t originally going to write about this offer, since it’s targeted. I tend to think those who are targeted will know they’re eligible because they’ll have received a solicitation, so there’s no point in making others jealous. However, in my case I didn’t receive an email, though I did visit the registration page for the promotion, and found out I’m eligible.
I logged in using my American Express credentials, and was presented with the details of the promotion.
I was able to register without issue, and even received an email confirmation.
Some won’t be eligible, however, and will instead receive the below message when logging in.
Using my valuation of ~2.2 cents per Starpoint, that’s like a return of ~4.4% on everyday, non-bonused spend, which is pretty incredible. For those who pay quarterly taxes, keep in mind that you can pay federal taxes by credit card for a fee of 1.87%. If your tax bill is big enough, that means paying $10,000 in taxes will cost you $187, and will net you 20,000 Starpoints, which is less than a penny per Starpoint. That’s incredible.
Even so, earning two Starpoints per dollar spent would hands down make the SPG Business Amex my go to card for everyday, non-bonused spend.
Not everyone will be targeted for this offer, though it’s at least worth checking if you’re eligible. I didn’t receive an email about the offer, but was still eligible.
For those who were targeted, will this promotion change what card you use for your everyday spend over the coming months?