Starwood Preferred Guest is one of my favorite programs, offering great flexibility for transferring points to loads of different airline partners and they currently have a 25% discount for buying or gifting this Q4 in a promotion. You can purchase at the discounted rate until the 31st December 2014.
What do the SPG Points Cost if You Purchase?
Starwood has put in place a tiered system for this purchase promotion:
- Buy 500-9,500 Starpoints – save 10%
- Buy 10,000-14,500 Starpoints – save 15%
- Buy 15,000-19,500 Starpoints – save 20%
- Buy 20,000 Starpoints – save 25%
If you intend to go for transfers to an airline program then you are best off going for the full 20,000 to receive the 5,000 bonus for the transfer. You can purchase through the link below:
Cheap Option for Buying Singapore Airlines KrisFlyer Miles!
Starwood Preferred Guest is actually the cheapest way of buying KrisFlyer miles at $2.8 cents per mile (3.5SGD) compared to directly through KrisFlyer at $4 cents per mile (5 SGD) – see our analysis. This promotion effectively means that you’ll get the miles at $2.1 cents (2.63 SGD) per mile which is pretty cheap and worth using to help you top-off your account for a redemption. I would only purchase if you have a redemption in mind though.
This is a promotion that I take advantage off each year as I know I can leverage the cost of the points for more on flight redemptions.
Don’t forget that SPG has a range of different airline partners (not Malaysia Airlines though) if you are looking to purchase for those programs:
Maximizing the Amounts You Can Purchase
Starwood limit you to receiving 20,000 points per year, either purchased or received from another member. However there is a way around this through a household transfer. If you live in the same household you can transfer you points for free between members.
Using Purchased SPG Points for Hotels
If you purchase SPG points for a hotel redemption then you can quickly work out if the deal is good value on a per night basis. Each point costs $2.62 (USD) cents per point so as long as the cost of the night is lower than the points purchase price then you might be getting a good deal, but you’ll need to take into account the points that you didn’t earn from the stay.
Cost of the purchased points for each category:
- 1 (weekends) – 2,000 = $52
- 2 (weekends) – 3,000 = $79
- 1 3,000 = $79
- 2 4,000 = $105
- 3 7,000 = $183
- 4 10,000 = $262
- 5 12,000-16,000 = $314-$419
- 6 20,000-25,000 = $524-$655
- 7 30,000-35,000 = $786-$917
Again here is the link to the promotion: