Starwood Preferred Guest (SPG) launched an offer to purchase Starpoints at 35% off last month, and this offer is ending tomorrow (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 as the maximum amount.
Does 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 is only worth it because of the enhanced availability).
Purchased points post instantaneously:
I purchased 30,000 points last week and the Starpoints were posted to my SPG account immediately.
Although this promotion is targeted to those that have a SPG affiliated credit card, it is open for everyone. I used a Visa card to pay for it.
I have never seen Starwood selling Starpoints previously at 35% off and purchased the maximum amount last week. If I don’t use them before SPG turns into Marriott Rewards, they will be converted to Marriott Rewards points (hopefully at a good ratio).