Starwood Preferred Guest (SPG) has launched a new offer to purchase Starpoints at 35% off until June 3, 2016.
You can purchase for your account or receive as a gift maximum of 30,000 Starpoints in a calendar year (this used to be 20,000). The account that receives Starpoints must have been open for a minimum of 14 days.
READ MORE: SPG Rate & Bonus Points And Miles Promotions
And the price:
The price of a Starpoint is 2.28 cents when purchased the maximum number.
Doe it make sense to purchase Starpoints at this price?
Starwood has greatly devalued the Starpoints by the yearly category creep. There can be some values left during special events and high season.
This is, however, a good way to purchase partner airline miles at reasonable price. You can convert 20,000 Starpoints to 25,000 airline miles in most partner programs (not on United’s and some others – see the table below).
You can do even better if you wait for a conversion bonus offer that airline programs often have.
I would consider to transfer points into accounts where purchasing miles is either not possible or quite expensive such as Singapore Airlines or Lufthansa Miles & More (Lufthansa only worth it because of the enhanced availability).
Purchased points post instantaneously:
I just purchased 30,000 points and the Starpoints were posted to my SPG account immediately.
This promotion is “targeted” for those that have SPG affiliated Amex card. I used Visa to pay so doesn’t seem that they really care.
I have never seen Starwood selling Starpoints at 35% off so decided to purchase the maximum amount, although I have quite a few sitting in my account. If nothing else, they will turn to Marriott Rewards points at some later point.