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There are a ton of deals and offers ending today and tomorrow, and one of those is for Starwood Preferred Guest points that are discounted 35% through tomorrow, June 30th. Actually, looks like this sale has just been extended through July 14th! Purchasing points is not for everyone, but it can absolutely make sense in some situations both for low and high end hotel stays. If you are going to buy points, then of course buying them when they are on discount is way better than paying full price
A 35% discount on SPG points is about as good as I have seen the discount get outside of some targeted offers. The 35% discount is valid on SPG purchases of 5,000 points or more and while I doubt this is your last chance ever to buy SPG points at this price, there is usually a gap between sales, and they are not always as good as 35% off.
At this 35% discounted price you are paying as little as 2.275 cents per SPG point. To give a recent real life example of how this translates to savings on hotels stays, for an upcoming trip we were researching the Four Points by Sheraton Kansas City Airport. For our dates, this property wants $175 + tax for a non-refundable prepaid rate. If you want a flexible rate, the cost jumps to $195 + tax, which comes to a total of $228. The prepaid rate comes to $206 all-in, so let’s go with that number lower number for our math.
If you instead just used SPG points you only have to spend 3,000 of them for this property during the week, or 2,000 on weekends. Obviously, the best case scenario is that you already have 3,000 SPG points in your account to spend and you don’t have to use any cash. However, we all run low on points sometimes, so being able to buy SPG points at 2.275 cents per point via this sale (if you buy 5,000 or more), means you are then effectively only paying $68.25 for this hotel night if you bought the points instead of the $200+ if you just paid cash outright. That is like getting more than 65% off the going rate, and you get more flexibility than the cheapest paid rate offers.
To give a couple more fun examples, resorts like the Westin Grand Cayman or Westin Whistler can be as low as 9,600 SPG points per night (plus resort fees) on five night award stays, which would be about $218 per night at 2.275 cents per purchased point. That is not cheap, but paid rates at both of these hotels can easily be well more than double that rate during peak periods.
For reasons just like the example I gave in Kansas City, I don’t like to be caught without any points to use in the major programs, so I think it is reasonable to pick up a few SPG points during this sale if you have experience with the SPG program and are confident you will get your money back out of them. If you do decide to take advantage of this offer, I recommend paying with the Starwood Preferred Guest® Credit Card or Starwood Preferred Guest® Business Credit Card if you have them since they will provide a 2x bonus on purchased SPG points.
Editorial Note: The opinions expressed here are mine and not provided, reviewed, by any bank, card issuer, or other company unless otherwise stated.