Starwood Preferred Guest (SPG) has launched a new offer Starpoints purchase offer where buying or gifting comes with 20% bonus until September 20, 2015.
You can purchase for your account or receive as a gift maximum of 20,000 Starpoints in a calendar year before any possible bonuses. The account that receives Starpoints must have been open for a minimum of 14 days.
You can access this offer on SPG’s website here.
The price of Starpoint purchased at the 20K level with 4K bonus is 2.92 cents each.
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 2.33 cents each. 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.
There are usually better opportunities to purchase Starpoints couple of times a year when they have been on sale at 25% off. I would only purchase Starpoints if you are planning to convert them to airline miles or if you have some special use for them.
Remember that you can make the purchase using several SPG accounts and later pool them all into one account as long as the addresses are same. Don’t open fictitious accounts, however.