Money Blue Book

I’m a big believer in using the right combination of cash rebate and credit card offers to maximize one’s purchasing potential. In the search for the best travel rewards credit card, I’ve noticed that some people opt for airline specific cards. However, these types of cards tend to offer unimpressive deals. Not only do they offer higher interest rates and annual fees, but their redemption options are also much more limited.

Review - The Starwoods Preferred Guest American Express Card

I’m a big fan of credit card reward plans that offer versatility such as Citibank’s Thank You Network, which I use to earn points redeemable for gift cards and free flights. However, my favorite stand alone travel rewards card is the Starwoods Preferred Guest American Express Card. It has been referred to as the swiss army knife of travel rewards cards and deservedly so. Not only can you redeem your rewards for the frequent flyer miles of over 30 airlines (view points to miles conversion list), you can also earn reward points for stays at any of the 800+ Starwoods hotel properties. For every $1 you spend using the card, you earn 1 Starwood point, and ultimately 1 mile on any participating airline. The conversion rate from points into miles is generally 1:1, with a few limited exceptions such as United Airlines, which converts at a ratio of 2:1 (making it a bit less desirable for those who want to ride on United).

Card Users Can Earn An Extra Free 25% Frequent Flyer Mile Bonus

The Starwood Amex card is great because it offers you an impressive 25% points to miles bonus on top of the normal conversion rate. When you convert 20,000 points into miles, Starwood adds an extra 5,000 bonus miles to your transfer, which is often enough for a domestic flight. If you maintain this conversion rate, for every dollar spent on the card, you can earn the equivalent of 1.25 miles. This is 25% better than what you’ll get with other airline credit cards.

The Card Offers Great Frequent Flyer Flexibility And The Ability To Top Off Your Miles

One of my biggest gripes with airline frequent flyer programs is that it is difficult if not impossible to transfer one airline’s points to another airline’s program for use in purchasing a free ticket. So what you end up with is a bunch of frequent flyer programs, each with its own set of miles, but none of them individually eligible for a free flight. This is where the Starwood Amex card really shines and shows why it is such a versatile card when it comes to converting points into frequent flyer miles. Not only do you have a variety of airline frequent flyer programs to choose from, you can essentially use your miles to fill and top off each program so that each can qualify for free flights. Also, some airline frequent flyer points expire after a period of inactivity. You can prevent this by transferring Starwood points into those programs, thereby generating the necessary account activity to prevent points expiration.

First Year’s Low Annual Fee Is Waived

The Starwood Amex card does have a nominal annual fee. But the good news is that it is relatively low at $30 a year. The even better news is that the card is currently running a promotion where the first year’s membership is free and then $30 thereafter. I find that the card easily pays for itself in the long run due to all of the frequently flyer miles you ultimately rack up.

You Can Earn Double Points for Hotel Stays

While not as popular as redeeming for frequent flyer miles, you also earn double points for every stay at a Starwoods hotel, which includes the Westin, Sheraton, Four Points by Sheraton, St. Regis, and W Hotels. All room taxes are covered and there are no blackout dates. If available, rooms can be reserved for as low as 2000 Starwood points a night, despite what the regular price is.

Current Starwood Card Promotions and Offers

• The Starwood Preferred Guest American Express Card is currently running a deal where you can earn 10,000 Starwood points after your first purchase, enough for up to 3 nights at a Starwoods hotel. Plus, you can also earn an extra 15,000 points if you spend $15,000 within 6 months. Also remember that the first year’s annual $45 fee is waived.
• There is also the Starwood Amex Business Card, which is offering an additional 10,000 Starwood points. If you applied for both, you could be on your way to rack up some serious points for free flights and hotel stays in no time.

This entry was posted on Wednesday, September 5th, 2007 at 12:01 am and is filed under Credit Cards, Travel. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.