I’ve started notice a proliferation in bloggers writing about credit card deals and at this point, everyone is writing about the same ones (I mean, how many are there, really?). I go half a day without looking at any other sites, and suddenly there are 6 all writing about the same deal to get 30,000 Bonus Starwood Preferred Guest Points when you sign up for their American Express credit card (personal card signup here, business card signup here). You can get one of each, so you’ll get 10k points for signup, then an additional 20k points for spending $4,500 within the first three months (remember, you can do that for each card, plus you can combine Starwood accounts in one household, so you could end up with 120,000 points for $18000 in spend if you also have your spouse apply separately). In addition they waive the $65 fee in the first year. If you’ve gotten the card in the past, you can’t get it again.
The Starwood Amex is my go-to card because SPG points are flexible, with 1:1 transfers for most airline programs (plus a 5k bonus for a 20k transfer), and 1:2 with LAN (though it’s not quite that valuable because LAN prices awards in Kilometers, though there are some great values there). You’ll earn Starwood Gold status with $30k in annual spend (not particularly valuable, frankly, but the bonus points for stays are nice). Also, earning SPG points through hotel stays is incredibly difficult compared to what I earn putting my spend on the SPG card.
All the others writing about this stuff have perhaps additional detail, but there ya go…a solid bonus on a great card. (EXPIRED on AUGUST 23rd – bonus is now 10,000 points with another 15,000 points if you spend $15k in 6 months).
(I’ll go back to writing about Icelandair now…)