Please note this site has financial relationships with American Express and this post may contain affiliate links. Read my Advertiser Disclosure policy here to learn more about my partners.
In case you might have missed it, the Starwood Amex Credit Card is currently running a fantastic sign-up bonus of 30,000 Starwood Preferred Guest (SPG) points when you spend $4500 within the first 3 months. You receive 10,000 points upon the first use of the card, and the remaining 20,000 after you meet the minimum spend requirement. The $65 annual fee is also waived the first year. I know that the spend requirement sounds a little high, but the “normal” offer is 25,000 SPG points after spending $15,000 within 6 months. That is much, much steeper! Last summer they ran a similar promo to what they are running now (albeit with a lower minimum spend), and it took a full year for them to offer 30,000 SPG points again. Obviously I don’t have a crystal ball (though that would be fantastic!), but their track record indicates that an offer like this won’t come around again for quite a while.
This deal is set to expire on August 21st – in just 4 days! SPG points are pretty much unanimously valued very highly among points and miles collectors. They can be used for nights at Starwood Hotels (W, Westin, Aloft, Sheraton, Four Points by Sheraton, etc….) and they can be transferred at a very favorable rate to many different frequent flier programs. Additionally, you can sometimes use miles and points to book rooms (this is typically a great deal), or use points to book flights and rooms at a discounted point rate. It is important to note that this is a “real” Amex, as opposed to the AAdvantage Citibank Amex card. In my book, that is a positive. You can read more about my thoughts about the deal in general in this post.
I applied for the card just about a week and a half ago, and already love it even more than I thought I would. First, I was automatically approved. My last couple applications with Chase and Citibank have not been automatic approvals, so that was a big plus in my book. Then, the card arrived via Express Mail about 36 hours after I was approved. This is great since you don’t have a ton of time to meet the minimum spend requirement. I was sold for sure when 24 hours after I made my first purchase on the card, the initial 10,000 SPG points that is awarded upon first use were deposited in my SPG account. Wow! I’m used to things like that taking close to 6-8 weeks. A one day turn-around is phenomenal!
You initially needed someone with the card to refer you for this deal, but the deal is now open to everyone without a referral. You can apply for the card here. Some people are still able to refer you for the 30K offer. The benefit of that is that the referrer also receives 10,000 bonus SPG points for referring you, but some people no longer are able refer for this limited-time offer. So, if you choose to be referred, just double check the deal you are actually applying for before you click “apply”!
If your credit score can support another smallish hit, and you can meet the minimum spend requirements, now really is the time to get this card. Time is running out on this “five alarm deal”, so act quickly! Here is C at a local fire station today, helping spread the word about this “five alarm deal”!
Do you have this card? Are you considering this card? What do you think of it?
BTW, if you have young kiddos, I highly recommending letting them “tour” a local fire station, as we did today. C had a great time, and she learned about how firefighters are here to help her. Okay, maybe she just learned that driving a real fire truck is WAY cooler than playing with her little ones at home. 🙂 Either way, we both had a blast.