Starwood Preferred Guest (SPG) launched an offer for buying Starpoints at 35% off that ends tomorrow (June 30, 2017)!
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.
You can access the Starwood SPG Website for this offer here.
And the price:
The price of a Starpoint is 2.28 cents each when the maximum allowed amount is purchased.
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).
You can also consider this as a way to purchase Marriott Rewards points at 0.76 cents each and use them towards Travel Packages (read more here).
This is the highest general discount that Starwood has ever sold Starpoints. They had one Mystery Bonus late 2016 where some accounts had up to 50% discount. I purchased the maximum allowed amount during the earlier sale this year so my account is not eligible for this offer.