I hope I don’t regret this
Until midnight last night, you could transfer SPG points to American Airlines or US Airways and receive a 20% bonus. This was on top of the 25% bonus you already get for transferring SPG points to airlines. I have just over 40,000 points, so I could have turned those into 58,000 AAdvantage miles. (or Dividend Miles)
Conventional Wisdom in this game tells you not to transfer miles unless you have immediate plans to use them. I don’t. Plus I am pretty flush with AAdvantage Miles and Dividend Miles right now thanks to 3 Citi Executive cards and Matthew’s recent bump in business travel. I have more than enough for my planned trip to Australia (in BUSINESS class) in 2016. But this was a heck of an offer to pass up and one that may not return for some time.
I have lots of hotel points in other programs, so I don’t necessarily NEED SPG points for hotels; although you can sometimes find some Great Redemptions.
I would also probably not transfer the points to any other airline. Except maybe Delta if I needed some points to redeem some of their ridiculously over-priced awards.
Too late now to do anything about it. It’s just something I decided to think about this morning. I will probably end up using my SPG points to stay at the Westin in Whistler, which is why I got the card in the first place.
Rooms at the Westin Whistler are 16,000 SPG points per night during Christmas break and most of ski season, but you can find rooms for 9,000 points per night in late ski season. As long as I have my SPG American Express card open, I will get the 5th night free when I book 4 on points. So, I still need to earn 24,000 points to get enough points. SPG points aren’t easy to earn, but if I concentrate some MS on the card over the next year, I should be able to do it. (then I will watch for the inevitable devaluation)
A Couple Good Credit Card Sign Up Bonuses
Right now, Chase is offering the United Explorer card with an increased sign-up bonus of 50,000 miles after spending $2,000 in 3 months. I would love to get this one, but Matthew and I just canceled our previous United Explorer cards in July of 2013. The wait time for churning Chase cards is generally 24 months. So hopefully next summer they will offer a similar bonus. But if you have not had a Chase United Explorer card in the past 2 years-go for it!
Chase is also offering the Marriott Rewards Premier VISA card with an increased sign up bonus of 70,000 points PLUS 1 Free night at a category 1-4 hotel after spending $2,000 in the first 3 months.
Matthew and I will definitely be signing up for the Marriott card. We both just canceled the basic Chase Marriott Rewards card, but this Premier card is a different product so we are eligible for the sign-up bonus even though it has not been 24 months.
Incidentally, I do not earn any commissions if you use the links above. Those are just public links that I copied and pasted.