Update: This offer for the Starwood Preferred Guest® Business Credit Card from American Express has expired. Learn more about the current offers here.
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Here’s a great new offer, especially as the minimum spend requirement is less than it was last time we saw a bonus this big. Through March 28, 2018, the Starwood Preferred Guest® Business Credit Card from American Express is offering a sign-up bonus of 35,000 Starpoints. Specifically, the card is offering 35,000 Starpoints after spending $7,000 within three months.
The last time we saw an increased sign-up bonus on this card, the minimum spend requirement was $10,000, so this is significantly lower (however, the period over which you have to complete the spend is also shorter). While that’s still a fairly big minimum spend, I highly doubt we’ll see an offer this big on the card with a lower minimum spend requirement. If you want to look at the bonus differently, you’re earning six Starpoints per dollar spent on your first $7,000 (since you’d earn 42,000 Starpoints after spending $7,000).
The card’s $95 annual fee is waived for the first year. This is as big as the sign-up bonus on the SPG Business Amex gets. Starpoints can also be converted into Marriott Rewards points at a 1:3 ratio, meaning that you can also turn 35,000 Starpoints into 105,000 Marriott Rewards points.
On a per point basis I consider Starpoints to be the most valuable points currency out there, and I value them at ~2.2 cents each. So I value 35,000 Starpoints at ~$770.
Not only does the card have a great sign-up bonus, but it offers several other perks that potentially make it a keeper:
- Two elite qualifying stays and five elite qualifying nights towards status annually
- Complimentary unlimited Boingo wifi
- Complimentary in-room premium internet access
- Sheraton club lounge access
The Sheraton club lounge access is an especially awesome perk, and can get you hundreds of dollars of value per year, if you stay at Sheratons with any frequency.
Get Sheraton club lounge access with the SPG Business Amex
This is a great offer, so if you don’t yet have the SPG Business Amex, I’d definitely consider applying. For those with excellent credit, I find that American Express business cards are among the easiest to be approved for. Furthermore, applying for an Amex small business card generally won’t count towards your total as far as the Chase 5/24 rule is concerned.
Late last year we learned about the fate of Marriott’s credit card portfolio, and we know that the SPG Business Amex is here to stay, as American Express will be issuing the small business credit cards for the combined Marriott program in the future.