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With the progress of the Starwood and Marriott merger, and the reality that there will be a shake-up in the SPG and Marriott credit card line-up this year, I know lots of folks have been crossing their fingers for an increased sign-up bonus on the Starwood Preferred Guest credit cards before those coming changes take place.
Today a very solid increased SPG sign-up bonus has launched, and it is as high as the sign-up bonus has ever gone!
Earn 35,000 Bonus SPG Points for a Limited Time
The new temporarily increased sign-up bonus for the Starwood Preferred Guest® Business Credit Card is 35,000 SPG points after you make $7,000 in purchases in the first three months. There is a $0 introductory annual fee the first year, then $95 in subsequent years. Offer ends March 28, 2018. Rates & Fees.
If you currently have the card, you can potentially even refer friends to this offer and pocket 7,500 SPG points in the process if they get approved.
I value SPG points north of 2 cents each, so this sign-up bonus is worth more than $700 in my book. The SPG award chart starts at just 2,000 – 3,000 SPG points per night and has very solid and family-friendly resorts in the middle of the award chart in places like Aspen, Disney World, Steamboat Springs, and Puntacana for just 10,000 – 12,000 SPG points per night, or potentially less if you book five nights and get the fifth award night free.
With the SPG Business credit card specifically, you also get Sheraton Lounge access on your stays booked directly with SPG without needing any sort of elite status or booking any specific room type! This perk does not come with the personal version of the SPG Amex.
If SPG properties don’t meet your needs or desires, you can always choose to transfer your 35,000 bonus SPG points to 105,000 Marriott points at a 1:3 ratio. You can also transfer them to airline miles in a number of airline loyalty programs at a 20,000 SPG points = 25,000 airline miles ratio.
Avoid Chase 5/24 Problems with SPG Business Amex
The SPG Business Amex is also a great card to go ahead and pull the trigger on because it shouldn’t trip you up as far as the Chase 5/24 rule goes. As many of you know, Chase has a “5/24 rule” that prevents you from getting most of the Chase rewards credit cards if you have opened five or more new credit cards open across all banks in the last 24 months. However, American Express thankfully doesn’t have that rule, so simply having five or more new credit cards across all the banks in the last 2 years doesn’t automatically disqualify you getting an Amex card the way it can at Chase.
Furthermore, getting an Amex small business card such as the SPG Business Amex shouldn’t count against the Chase 5/24 limit when applying for a Chase card in the future as Amex small business cards report differently to the credit bureaus than personal cards.
The terms for the SPG Business Amex indicate that the bonus is not available to those who have or have had the card, but the personal SPG Amex is a different product, so having that one should not impact your ability to get this card.
Who plans to jump on the chance to earn 35,000 bonus SPG points via the Starwood Preferred Guest® Business Credit Card before the temporary increase ends on March 28, 2018?