Starwood SPG have launched a promotion offering a 25% discount when you buy or gift Starwood Points Until the 31st May. The promotion is staggered and only when you buy 20,000 points does the 25% discount kick-in.
Here is the promotion page: Starwood SPG 25% Discount for Buy or Gift Points Q2 2014 Promotion
What Would the Starwood Points Cost?
Normally Starwood SPG Points cost USD $0.035 per point so 20,000 cost $700. Under this promotion if you bought the same 20,000 points that would cost you $525 a per point cost of 2.6 cents per point.
Why Would you Buy or Gift Starwood Points?
You may want to top-up your Starwood SPG account with some additional points for a hotel redemption. However beware that you are purchasing the points in advance and the redemption may not be available and the programme may be devalued at any time.
Starwood SPG Points also have a good conversion ratio to airlines frequent flyer programmes, including 1:1 with Singapore Airlines. I recently posted about the cheapest way to buy KrisFlyer Miles with Starwood being the cheapest and this will reduce the rate from 3.5 cents per KrisFlyer Mile to 2.6 cents (SGD). Note that Starwood is not a Malaysia Airlines Enrich partner if you were wondering.
In addition to that there are often transfer bonuses to different airline programmes that might enhance the value of these points.
Which Partners could you Use the 25% Discount with?
These are all the airlines that you can transfer with:
Would I Buy Starwood SPG Points at this 25% Discount?
If I needed to top-up a balance I would probably buy the points as the rate offered is pretty good. However there are a few things to consider in this offer:
- You can only buy a maximum of 20,000
- You can only do this if your SPG account has been open for 14 days
- If you are intending to buy points to transfer to an airline programme like KrisFlyer for a redemption then please allow time – sometimes they take 2 weeks
- Ensure that the value of the redemption (hotel or eventually for a flight) is higher than the cost of the points.
Also of note is that IHG current has a Mystery Bonus of up to 100% – check here for my post on that.