One of the best tricks miles and points enthusiasts use is concentrating their efforts on collecting transferable points to use on award tickets, hotel stays, and more!
Instead of focusing on earning points in a specific frequent flyer or hotel guest program, folks who collect transferable points have many more options for how they use them!
That’s because you can choose to transfer your points to dozens of different programs.
The World Awaits: Transferable Points Give You Many More Options for Big Travel With Small Money
Let’s look at why transferable points are a great deal along with some of the best ways to use them!
You can earn 25,000 Starwood points with the American Express Starwood Preferred Guest (personal) card, but the minimum spending requirement has been reduced!
However, the minimum spending for the American Express Starwood Preferred Guest Business Card is NOT changing.
Stay at the Regal St. Regis Florence With Your Starwood Points!
Find out more about the AMEX Starwood Preferred Guest card and the new way to earn the sign-up bonus.
Readers often ask when to cancel or close a credit card. In general, I evaluate whether to keep or cancel a card after 9 to 10 months. That’s because most cards waive the annual fee for the 1st year, so there’s no point canceling the card immediately.
And banks don’t like when you close a card right after getting the sign-up bonus! So they might hesitate to approve you for more of their cards in the future.
So Many American Express Cards – Are Any of These in Your Wallet?
Many cards provide a benefit for keeping the card after the 1st year and for paying the 2nd year annual fee. But what’s a good benefit for me, may not be good for you. So let’s review the benefits for keeping certain American Express cards.
That way you can decide whether to keep or cancel your American Express card when the annual fee is due!
Million Mile Secrets reader Keith commented with a question about booking rooms for his company. But the answer could apply to most anybody thinking about applying for the Starwood AMEX card!
Daraius, I’ve been waiting to pull the trigger on an application for the Starwood Preferred Guest American Express until the bonus goes up to 30,000 Starwood points again.
I occasionally book blocks of rooms for my company and have an event coming up in a couple of months that will require 25 rooms at ~$100 each at a Sheraton in Dallas. The meeting rewards, if I understand it correctly, only offer 1 point per $3 spent.
My question is whether I should continue to wait for the bonus to increase by 5,000 points or go ahead and jump on the 25,000 Starwood point bonus offer?
Booking events and meetings at Starwood hotels can be a great way to earn lots of extra Starwood points! And you’ll earn even more if you pay with the Starwood Preferred Guest American Express card.
But even folks who book personal paid stays or events at Starwood hotels should consider the Starwood Preferred Guest American Express card, because you’ll earn an extra 2 points per $1 you spend at Starwood hotels.
Should Keith Sign-Up for the Starwood Preferred Guest AMEX Now, If He Has an Event to Book?
Let’s see if you’ll do better getting the card now with a lower sign-up bonus, or waiting for the 30,000 point offer to come back!
Sign-up bonuses let us have Big Travel with Small Money, so it’s important to know when miles or points will post to your account.
This is especially true if you want to use the miles and points soon!
When Planning to Use Your Miles & Points for Travel to Bora Bora or Anywhere Else, It Helps to Know When You’ll Be Receiving Your Credit Card Sign-Up Bonus!
I’ll tell you when you can expect to see the sign-up bonus in your account.