The SPG cards from American Express generally hold steady with a sign up bonus of 25,000 points with 10,000 coming after the 1st purchase and the other 15,000 coming after hitting a minimum spending threshold. That offer typically only increases once per year and that increase tends to happen in August like clockwork.
To my surprise I just received an email from American Express with limited time refer-a-friend offer for current SPG cardmembers. For as long as I can remember (for whatever that is worth), the refer-a-friend offers have always matched the publicly available offer which is typically the 25,000 point offer, but not this time!
The public offer is still 25,000 points. However, the current refer-a-friend offer is for 30,000 points after spending $5,000 on the card within the first 6 months and is good on both the personal and the business versions of the SPG card. If you are a current SPG cardholder you can refer up to 11 people per year and year 5,000 bonus points for each new card approval for a potential annual total of 55,000 bonus points! If you have friends that have been holding off for the annual 30,000 point bonus, you can head over to the refer-a-friend personal card or business card site and send them an offer now!
This is as high as the sign up bonus gets for the SPG cards so if you have been considering these cards, now would be the time to jump on it! I have the personal SPG card and have referrals still to give for the personal version so please leave a comment if you want the 30,000 point offer and I will send you a personal referral. We will both benefit and I will certainly appreciate it too. Unfortunately I cannot refer you the business version of this offer as I closed my business version last year. But if you need a referral for the business version or have a referral to give you can leave a comment as well and I will try to match you up with someone so you can get in on the offer.
- Earn up to 30,000 Bonus points – 10,000 points awarded after 1st purchase and an additional 20,000 points awarded after spending $5,000 in the first 6 months
- Starpoints transfer to over 30 different airline partners
- $0 introductory annual fee for the 1st year – $65 per year after
- Receive up to 5 Starpoints for every dollar of eligible spend charged directly with Starwood hotels & resorts – that’s 2 Starpoints per dollar spent on the Card in addition to the Starpoints you get as a Starwood Preferred Guest member.
- 1 points per dollar on all other purchases
- 2 stay credits and 5 nights credit towards elite status
Value of Starpoints
Starpoints are considered by many to be considered to be one of the most valuable points currencies easily valued at 2.5 cents per point or more depending on your use. For example, this fall I will be using 10,000 points per night to stay at Walt Disney World Swan Resort which typically runs $259/night and up giving a redemption value of 2.59 cents per point. There are even dates in October going for $459/night which would give a redemption value of over 4.5 cents per point! The Swan and Dolphin resorts (both SPG properties) are also the only Disney resorts redeemable with hotel loyalty points. Obviously the value depends on how you use your points but 2.5 cents per point is pretty average with Starpoints.
30+ Airline Transfer Partners
Another huge value in the SPG program is the flexibility provided by the massive number of airline partners which you can transfer your points to. Not only does SPG have 30+ airline partners but you can also earn a 25% bonus on your transferred points! For every 20,000 point transfer you make, you will earn an additional 5,000 points.
Partners include: Alaska Airlines, American Airlines, British Airways, Delta SkyMiles, US Airways, & United in addition to Aeromexico Club Premier, Aeroplan/Air Canada, Air Berlin, Air China Companion, Air New Zealand & Air Points, Alitalia MilleMiglia, All Nippon Airways (ANA) Mileage Club, Asia Miles, Asiana Airlines, China Eastern Airlines, China Southern Airlines, Emirates Skywards, Etihad Airways, Flying Blue, Gol Smiles, Hainan Airlines, Hawaiian Airlines, Japan Airlines (JAL) Mileage Bank, LAN Airlines LANPASS Kms, Miles & More (program of 8 different airlines), Qatar Airways, Saudi Arabian Airlines Alfursan, Singapore Airlines KrisFlyer, Thai Airways International Royal Orchid Plus, Virgin Atlantic Flying Club, & Virgin Australia
These are just a few of the reasons why this can be such a valuable currency to have and great card to carry. At a value of 2.5 cents per point this 30,000 point offer would be worth at least $750. In order to take advantage of the 30,000 point offer referrals must occur by June 30th, 2014 but more importantly the application must be approved by June 30th as well. So do not procrastinate! Let me know if you need a referral!!