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Last month, Starwood Preferred Guest (SPG) launched a new promotion for buying Starpoints at 35 % discount. The promotion was originally scheduled to end July 1st but has been extended through July 14, 2017. You can access the complete details here.
The current discount is better than the discount offered in the April 2017 promotion. To take advantage of this promotion, you must purchase a minimum of 5,000 points. SPG points usually cost 3.5 cents per point. If you purchase the maximum of 30,000 points, it normally would cost $1,050. With this promotion, you will save 35% and pay $682.50 instead. That is equivalent to 2.275 cents per SPG point.
You can purchase up to 30,000 SPG points per calendar year. The account to receive the points must be opened for at least 14 days.
And why you might want to consider participating
Last year SPG ran a targeted promotion where some lucky members got up to 50% discounts on purchased SPG points. Occasionally they run a 35% off promotion, but 30% seems to be more common. So if you are in need of either SPG points (or Marriott points), you might want to consider participating in this promotion. And this new promotion is open to everyone.
Whether it is a good deal depends on if you have a need for SPG points. The timing of this promotion will be perfect if you are short on either SPG or Marriott points, as SPG points can be converted to Marriott points at 1:3 ratio. This is also an opportunity to purchase Marriott Rewards points cheaply and use them towards Travel Packages. [SEE ALSO – 4 reason to transfer SPG points to Marriott.]
Additionally, you can use SPG points to bid for unforgettable SPG Moments packages, such as for MLB experiences, or Formula 1 racing around the world, or many other annual events such as NHL Stanley Cups Final.
Will you be taking advantage of this promotion?
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You can “buy” SPG points much cheaper than this by paying your quarterly income tax payments and year end payments at http://www.pay1040.com. The most you would pay would be $561.00 for the same 30k points and that figure could go down IF you itemize the fee on schedule C of your tax form. This was ruled legal by the IRS in 2009.