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If you have been hoping to scoop up some Starwood Preferred Guest points at a discounted rate then note that today, December 29, 2017, is your last chance to score a discount of 35% on SPG point purchases of 5,000 points or more. This drops your per point price to about 2.275 cents per point, which is pretty solid for SPG points. I expect they will run a similar promo again at some point, though it may be a few months before we see this again, so it’s a good day to load up if your account is running low. Personally, SPG points just saved me hundreds of dollars on a one night stay, so I may scoop up a few more today at a discount to keep my account balance from getting too low.
A 35% discount on SPG points is about as good as I have seen it get outside of some rare targeted offers. We last saw this same 35% over the summer. Each SPG account can only purchase 30,000 SPG points per year, however, remember that you can transfer SPG points for free between two accounts that share the same address, so your spouse, partner, etc. who shares the same address could also do the same and then you could combine points down the road.
Link: Starwood Buy & Gift Miles
At this 35% discounted price you are paying as little as 2.275 cents per SPG point. To give a real-life example of how this translates to savings on stays, the very well located resorts of Westin Grand Cayman, Aspen Snowmass, and the Westin Whistler, where we are currently spending winter break, are 9,600 SPG points per night (plus applicable resort fees) on five-night award stays, which would come to about $218 per night at 2.275 cents per purchased point.
That is not cheap, but paid rates at these hotels can easily be well more than double or triple that rate during peak periods, so it can make sense in some situations to purchase SPG points instead of paying cash for stays. At the lower end of the spectrum, a Category 1 stay somewhere like the Four Points Sheraton Kansas City Airport (that helped me earn SPG Platinum status on the cheap) at 2,000 points per weekend night would come to $45.50 at that discounted rate.
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 since they will both 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.